According to Zacks, “Alico, Inc. is an agribusiness company operating in Central and Southwest Florida. The company is involved in various operations and activities including citrus fruit production, cattle ranching, sugarcane and sod production, and forestry. The company also leases land for farming, cattle grazing, recreation, and oil exploration. “
Separately, StockNews.com started coverage on shares of Alico in a research note on Thursday, March 31st. They issued a “hold” rating on the stock.
Alico (NASDAQ:ALCO – Get Rating) last released its quarterly earnings results on Monday, May 9th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. Alico had a net margin of 37.35% and a return on equity of 1.83%. During the same period in the prior year, the business earned $0.66 earnings per share. Sell-side analysts forecast that Alico will post -0.44 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA grew its stake in shares of Alico by 383.9% during the fourth quarter. BNP Paribas Arbitrage SA now owns 992 shares of the company’s stock worth $37,000 after buying an additional 787 shares during the last quarter. Nkcfo LLC acquired a new position in shares of Alico during the first quarter worth $120,000. Barclays PLC lifted its holdings in shares of Alico by 198.7% during the fourth quarter. Barclays PLC now owns 4,487 shares of the company’s stock worth $166,000 after purchasing an additional 2,985 shares during the period. Ritholtz Wealth Management acquired a new position in shares of Alico during the first quarter worth $202,000. Finally, Raymond James & Associates acquired a new position in shares of Alico during the fourth quarter worth $208,000. 47.65% of the stock is currently owned by hedge funds and other institutional investors.
Alico Company Profile (Get Rating)
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.
- Get a free copy of the StockNews.com research report on Alico (ALCO)
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