Alico (NASDAQ:ALCO) Shares Pass Above 200 Day Moving Average – Should You Sell?
by Tristan Rich · The Markets DailyAlico, Inc. (NASDAQ:ALCO – Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $37.34 and traded as high as $45.01. Alico shares last traded at $44.34, with a volume of 46,958 shares traded.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on ALCO shares. Roth Mkm set a $45.00 price target on shares of Alico and gave the stock a “buy” rating in a research report on Friday, March 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of Alico in a research report on Wednesday, January 21st. Finally, Wall Street Zen cut Alico from a “hold” rating to a “sell” rating in a report on Sunday, March 22nd. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $45.00.
Read Our Latest Report on Alico
Alico Price Performance
The stock has a market capitalization of $338.65 million, a P/E ratio of -2.39 and a beta of 1.00. The company has a current ratio of 14.39, a quick ratio of 13.02 and a debt-to-equity ratio of 0.82. The company has a fifty day simple moving average of $40.73 and a two-hundred day simple moving average of $37.41.
Alico (NASDAQ:ALCO – Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The company reported ($0.96) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.92). The firm had revenue of $1.89 million for the quarter, compared to the consensus estimate of $3.22 million. Alico had a negative return on equity of 101.66% and a negative net margin of 487.45%. Sell-side analysts expect that Alico, Inc. will post -0.37 EPS for the current fiscal year.
Alico Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Stockholders of record on Friday, April 3rd will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, April 2nd. Alico’s payout ratio is presently -1.08%.
Hedge Funds Weigh In On Alico
Several institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC grew its position in shares of Alico by 24.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock worth $52,000 after buying an additional 294 shares during the period. Osaic Holdings Inc. grew its position in shares of Alico by 24.2% during the 2nd quarter. Osaic Holdings Inc. now owns 1,611 shares of the company’s stock worth $53,000 after buying an additional 314 shares during the period. Prescott Group Capital Management L.L.C. grew its position in shares of Alico by 1.9% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 20,372 shares of the company’s stock worth $741,000 after buying an additional 372 shares during the period. Trexquant Investment LP grew its position in shares of Alico by 6.5% during the 4th quarter. Trexquant Investment LP now owns 6,917 shares of the company’s stock worth $252,000 after buying an additional 424 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of Alico by 86.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,030 shares of the company’s stock worth $36,000 after buying an additional 478 shares during the period. 62.28% of the stock is currently owned by institutional investors and hedge funds.
About Alico
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.