Alico (NASDAQ:ALCO) Stock Rating Lowered by StockNews.com

Alico (NASDAQ:ALCOGet Free Report) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report released on Wednesday.

Alico Stock Up 1.1 %

Shares of NASDAQ:ALCO opened at $27.30 on Wednesday. The stock has a market capitalization of $208.03 million, a P/E ratio of 5.20 and a beta of 0.86. Alico has a 12-month low of $22.58 and a 12-month high of $31.00. The company has a current ratio of 2.55, a quick ratio of 1.08 and a debt-to-equity ratio of 0.30. The stock’s 50-day moving average price is $28.07 and its 200-day moving average price is $28.22.

Hedge Funds Weigh In On Alico

Several hedge funds and other institutional investors have recently modified their holdings of ALCO. Bank of New York Mellon Corp grew its holdings in Alico by 0.9% in the third quarter. Bank of New York Mellon Corp now owns 71,140 shares of the company’s stock worth $1,776,000 after purchasing an additional 604 shares during the period. Towerview LLC raised its position in shares of Alico by 11.0% in the 3rd quarter. Towerview LLC now owns 199,322 shares of the company’s stock worth $4,975,000 after purchasing an additional 19,822 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in Alico by 4.3% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 215,500 shares of the company’s stock worth $5,379,000 after purchasing an additional 8,971 shares in the last quarter. SG Americas Securities LLC bought a new stake in Alico during the 4th quarter valued at about $120,000. Finally, LDR Capital Management LLC raised its holdings in Alico by 12.2% in the fourth quarter. LDR Capital Management LLC now owns 17,576 shares of the company’s stock worth $511,000 after buying an additional 1,914 shares during the last quarter. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Alico Company Profile

(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 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.

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