StockNews.com Upgrades Alico (NASDAQ:ALCO) to Hold

Alico (NASDAQ:ALCO) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Alico Stock Up 4.2 %

Shares of Alico stock opened at $27.12 on Tuesday. Alico has a twelve month low of $22.58 and a twelve month high of $31.00. The company has a quick ratio of 1.05, a current ratio of 2.52 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average is $28.10 and its 200 day moving average is $28.09. The company has a market cap of $206.68 million, a price-to-earnings ratio of 5.17 and a beta of 0.86.

Alico (NASDAQ:ALCO) last released its quarterly earnings results on Wednesday, February 7th. The company reported ($2.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($2.06). The firm had revenue of $13.99 million during the quarter, compared to analysts’ expectations of $11.50 million. Alico had a negative return on equity of 14.09% and a net margin of 110.84%. Research analysts anticipate that Alico will post -3.41 EPS for the current year.

Hedge Funds Weigh In On Alico

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its position in shares of Alico by 0.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 71,140 shares of the company’s stock valued at $1,776,000 after acquiring an additional 604 shares during the period. LDR Capital Management LLC boosted its position in shares of Alico by 21.7% in the third quarter. LDR Capital Management LLC now owns 15,662 shares of the company’s stock worth $391,000 after purchasing an additional 2,792 shares during the period. Towerview LLC increased its stake in shares of Alico by 11.0% in the third quarter. Towerview LLC now owns 199,322 shares of the company’s stock worth $4,975,000 after purchasing an additional 19,822 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its stake in shares of Alico by 4.3% during the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 215,500 shares of the company’s stock valued at $5,379,000 after buying an additional 8,971 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Alico in the 4th quarter worth $120,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

About Alico

Alico, Inc, together with its subsidiaries, operates as an agribusiness and land management company in the United States. The company operates in two segments, Alico Citrus, and Land Management and Other Operations. The Alico Citrus segment engages in planting, owning, cultivating, and/or managing citrus groves to produce fruit for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which include contracting for the harvesting, marketing, and hauling of citrus.