Alico (NASDAQ:ALCO) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of Alico (NASDAQ:ALCO) from a hold rating to a sell rating in a research note released on Sunday morning.

Other analysts have also recently issued reports about the stock. Weiss Ratings restated a “sell (d)” rating on shares of Alico in a research note on Wednesday, January 21st. Roth Mkm reiterated a “buy” rating and issued a $42.00 target price on shares of Alico in a research note on Wednesday, November 26th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $42.00.

Alico Stock Performance

Shares of NASDAQ ALCO opened at $39.36 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 13.02 and a current ratio of 14.39. The firm has a market cap of $301.50 million, a price-to-earnings ratio of -2.12 and a beta of 1.02. The business’s 50-day simple moving average is $40.20 and its 200-day simple moving average is $36.70. Alico has a 52 week low of $27.61 and a 52 week high of $43.20.

Alico (NASDAQ:ALCO) last posted its earnings results 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 company had revenue of $1.89 million during the quarter, compared to analyst estimates of $3.22 million. Alico had a negative return on equity of 101.66% and a negative net margin of 487.45%. As a group, equities research analysts expect that Alico will post -0.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC boosted its position in shares of Alico by 24.3% in the third quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock valued at $52,000 after acquiring an additional 294 shares during the period. Osaic Holdings Inc. increased its position in Alico by 24.2% during the second quarter. Osaic Holdings Inc. now owns 1,611 shares of the company’s stock worth $53,000 after acquiring an additional 314 shares during the period. Prescott Group Capital Management L.L.C. increased its position in Alico by 1.9% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 20,372 shares of the company’s stock worth $741,000 after acquiring an additional 372 shares during the period. Trexquant Investment LP raised its stake in Alico by 6.5% during the 4th quarter. Trexquant Investment LP now owns 6,917 shares of the company’s stock valued at $252,000 after purchasing an additional 424 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Alico by 86.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,030 shares of the company’s stock valued at $36,000 after purchasing an additional 478 shares during the last quarter. 62.28% of the stock is owned by institutional investors.

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.