Alico (NASDAQ:ALCO) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Alico, Inc. (NASDAQ:ALCO) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $36.35 and traded as high as $40.00. Alico shares last traded at $38.80, with a volume of 39,569 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms recently commented on ALCO. Roth Mkm reiterated a “buy” rating and set a $42.00 price target on shares of Alico in a report on Wednesday, November 26th. Weiss Ratings restated a “sell (d)” rating on shares of Alico in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $42.00.

Alico Price Performance

The company’s 50-day moving average price is $39.73 and its two-hundred day moving average price is $36.35. The company has a debt-to-equity ratio of 0.82, a current ratio of 14.39 and a quick ratio of 13.02. The company has a market capitalization of $297.21 million, a P/E ratio of -2.09 and a beta of 1.02.

Alico (NASDAQ:ALCO) last announced its earnings results on Wednesday, February 4th. The company reported ($0.96) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.92). Alico had a negative return on equity of 101.66% and a negative net margin of 487.45%.The company had revenue of $1.89 million for the quarter, compared to the consensus estimate of $3.22 million. As a group, sell-side analysts expect that Alico, Inc. will post -0.37 EPS for the current year.

Alico Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were given a dividend of $0.05 per share. The ex-dividend date was Friday, January 2nd. This represents a $0.20 annualized dividend and a yield of 0.5%. Alico’s dividend payout ratio (DPR) is -1.08%.

Hedge Funds Weigh In On Alico

Several institutional investors and hedge funds have recently made changes to their positions in ALCO. Accordant Advisory Group Inc lifted its holdings in Alico by 14.4% during the 2nd quarter. Accordant Advisory Group Inc now owns 50,202 shares of the company’s stock worth $1,641,000 after purchasing an additional 6,321 shares during the last quarter. Rhumbline Advisers grew its holdings in Alico by 45.2% in the 2nd quarter. Rhumbline Advisers now owns 15,598 shares of the company’s stock valued at $510,000 after buying an additional 4,859 shares in the last quarter. American Century Companies Inc. acquired a new position in Alico in the 2nd quarter valued at $332,000. XTX Topco Ltd bought a new position in Alico during the 2nd quarter worth $268,000. Finally, Raymond James Financial Inc. bought a new position in Alico during the 2nd quarter worth $28,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

Alico Company Profile

Alico, Inc is an agribusiness and land management company headquartered in Fort Myers, Florida. The company owns and manages over 110,000 acres of land in southwestern Florida, with operations focused on citrus groves, sugarcane production, forestry and other row crops. Alico leverages its extensive land holdings to support integrated agricultural and environmental stewardship practices.

In its citrus division, Alico cultivates and markets fresh oranges for both the retail and processing markets, while its sugarcane segment supplies raw cane to domestic sugar mills.