Alico (ALCO) Rating Increased to Hold at BidaskClub

Alico (NASDAQ:ALCO) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Thursday.

Separately, TheStreet raised shares of Alico from a “d+” rating to a “c-” rating in a research report on Monday, April 9th.

NASDAQ:ALCO opened at $32.10 on Thursday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.09 and a current ratio of 3.88. Alico has a one year low of $25.55 and a one year high of $34.80.

Alico (NASDAQ:ALCO) last posted its earnings results on Monday, May 7th. The company reported $0.22 EPS for the quarter. The company had revenue of $35.60 million during the quarter. Alico had a negative net margin of 9.44% and a negative return on equity of 2.23%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG boosted its holdings in Alico by 41.7% during the fourth quarter. Deutsche Bank AG now owns 14,577 shares of the company’s stock worth $428,000 after purchasing an additional 4,292 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Alico by 6.7% during the fourth quarter. Renaissance Technologies LLC now owns 69,091 shares of the company’s stock worth $2,038,000 after purchasing an additional 4,347 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Alico by 5.2% during the first quarter. Dimensional Fund Advisors LP now owns 329,262 shares of the company’s stock worth $8,956,000 after purchasing an additional 16,302 shares during the last quarter. Institutional investors and hedge funds own 74.23% of the company’s stock.

Alico Company Profile

Alico, Inc, together with its subsidiaries, operates as an agribusiness and land management company in the United States. The company operates through three segments: Alico Citrus, Conservation and Environmental Resources, and Other Operations. The Alico Citrus segment engages in planting, owning, cultivating, and/or managing citrus groves to produce fruits for sale to fresh and processed citrus markets; and contracting for the harvesting, marketing, and hauling of citrus.

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