Alico (NASDAQ:ALCO) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, December 20th.
Separately, TheStreet downgraded Alico from a “c” rating to a “d+” rating in a report on Tuesday, December 12th.
Alico (ALCO) traded up $0.10 on Wednesday, reaching $27.85. The company’s stock had a trading volume of 3,700 shares, compared to its average volume of 6,954. Alico has a fifty-two week low of $25.50 and a fifty-two week high of $34.80. The company has a debt-to-equity ratio of 1.09, a current ratio of 4.16 and a quick ratio of 1.89. The company has a market cap of $229.61, a price-to-earnings ratio of -24.01 and a beta of 1.34.
Several institutional investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. grew its stake in shares of Alico by 0.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 12,562 shares of the company’s stock worth $394,000 after buying an additional 57 shares during the last quarter. SG Americas Securities LLC boosted its stake in Alico by 8.6% during the 2nd quarter. SG Americas Securities LLC now owns 10,710 shares of the company’s stock valued at $335,000 after purchasing an additional 845 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Alico by 7.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 30,413 shares of the company’s stock valued at $1,039,000 after purchasing an additional 2,018 shares during the last quarter. State Street Corp boosted its stake in Alico by 4.0% during the 2nd quarter. State Street Corp now owns 53,051 shares of the company’s stock valued at $1,661,000 after purchasing an additional 2,051 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Alico by 11.6% during the 2nd quarter. Northern Trust Corp now owns 47,156 shares of the company’s stock valued at $1,476,000 after purchasing an additional 4,893 shares during the last quarter. Institutional investors own 74.57% of the company’s stock.
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Alico, Inc is an agribusiness and natural resources management company. The Company’s segments include Orange Co, Conservation and Environmental Resources and, Other Operations. Its principal lines of business are citrus groves, cattle ranching and conservation. The Orange Co segment includes activities related to planting, owning, cultivating and/or managing citrus groves in order 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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