Alico (NASDAQ:ALCO) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Alico, Inc. (NASDAQ:ALCO) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $34.36 and traded as high as $39.60. Alico shares last traded at $39.43, with a volume of 10,884 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Roth Capital reiterated a “buy” rating and set a $42.00 target price on shares of Alico in a report on Wednesday, November 26th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alico in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $42.00.

Alico Stock Performance

The company has a quick ratio of 8.83, a current ratio of 9.56 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $302.03 million, a P/E ratio of -2.05 and a beta of 1.02. The stock has a fifty day moving average of $35.99 and a 200-day moving average of $34.36.

Alico (NASDAQ:ALCO) last released its earnings results on Monday, November 24th. The company reported ($1.10) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.71). Alico had a negative net margin of 334.35% and a negative return on equity of 78.98%. The firm had revenue of $0.80 million during the quarter, compared to the consensus estimate of $0.30 million. On average, research analysts anticipate that Alico, Inc. will post -0.37 EPS for the current year.

Alico Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were issued 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 is presently -1.04%.

Institutional Investors Weigh In On Alico

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Oak Family Advisors LLC acquired a new position in shares of Alico during the 2nd quarter worth about $1,531,000. Peapod Lane Capital LLC boosted its position in Alico by 0.3% during the second quarter. Peapod Lane Capital LLC now owns 131,265 shares of the company’s stock valued at $4,290,000 after purchasing an additional 434 shares during the last quarter. Transcend Capital Advisors LLC grew its stake in Alico by 5.6% in the second quarter. Transcend Capital Advisors LLC now owns 12,033 shares of the company’s stock valued at $393,000 after purchasing an additional 639 shares in the last quarter. Towerview LLC grew its stake in Alico by 8.7% in the second quarter. Towerview LLC now owns 125,000 shares of the company’s stock valued at $4,085,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Accordant Advisory Group Inc increased its position in shares of 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. 62.28% of the stock is currently owned by institutional investors and hedge funds.

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.