Alico (NASDAQ:ALCO) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Alico (NASDAQ:ALCO – Get Free Report) in a research note issued on Thursday. The firm set a “sell” rating on the stock.

Separately, TheStreet upgraded Alico from a “d+” rating to a “c” rating in a report on Friday, August 11th.

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Check Out Our Latest Research Report on ALCO

Alico Trading Down 0.4 %

NASDAQ ALCO opened at $24.65 on Thursday. The company has a current ratio of 3.10, a quick ratio of 0.58 and a debt-to-equity ratio of 0.48. The business has a fifty day simple moving average of $24.56 and a 200 day simple moving average of $24.57. Alico has a 12 month low of $22.58 and a 12 month high of $33.20. The firm has a market capitalization of $187.59 million, a P/E ratio of -9.30 and a beta of 0.81.

Alico (NASDAQ:ALCO – Get Free Report) last announced its earnings results on Thursday, August 3rd. The company reported ($0.74) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.80). Alico had a negative net margin of 50.22% and a negative return on equity of 9.47%. The firm had revenue of $7.28 million during the quarter, compared to analysts’ expectations of $15.50 million. On average, analysts predict that Alico will post -3.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Alico

Large investors have recently modified their holdings of the stock. Franklin Resources Inc. raised its stake in shares of Alico by 218.7% in the first quarter. Franklin Resources Inc. now owns 144,843 shares of the company’s stock valued at $3,505,000 after buying an additional 99,393 shares during the period. Oak Family Advisors LLC increased its holdings in Alico by 78.5% in the 1st quarter. Oak Family Advisors LLC now owns 131,988 shares of the company’s stock worth $3,194,000 after acquiring an additional 58,061 shares during the last quarter. Vanguard Group Inc. raised its stake in Alico by 21.8% in the 1st quarter. Vanguard Group Inc. now owns 271,083 shares of the company’s stock valued at $10,182,000 after acquiring an additional 48,583 shares during the period. State Street Corp lifted its holdings in Alico by 263.8% during the second quarter. State Street Corp now owns 63,293 shares of the company’s stock valued at $2,266,000 after purchasing an additional 45,895 shares during the last quarter. Finally, BlackRock Inc. boosted its position in Alico by 9.8% during the second quarter. BlackRock Inc. now owns 477,315 shares of the company’s stock worth $12,152,000 after purchasing an additional 42,693 shares during the period. Hedge funds and other institutional investors own 49.01% of the company’s stock.

About Alico

(Get Free Report)

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 cultivates citrus trees to produce citrus for delivery to the processed and fresh citrus markets.

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