Alico (ALCO) Reaches New 12-Month Low at $26.01

Alico, Inc. (NASDAQ:ALCO) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $26.01 and last traded at $26.15, with a volume of 26505 shares. The stock had previously closed at $26.97.

The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.82 and a current ratio of 2.58. The stock has a market capitalization of $195.86 million, a PE ratio of 29.32 and a beta of 0.62.

Alico (NASDAQ:ALCO) last posted its quarterly earnings results on Monday, February 11th. The company reported ($0.14) earnings per share (EPS) for the quarter. The business had revenue of $14.78 million during the quarter. Alico had a return on equity of 3.95% and a net margin of 16.29%.

A number of institutional investors have recently bought and sold shares of ALCO. O Shaughnessy Asset Management LLC boosted its stake in Alico by 247.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,178 shares of the company’s stock worth $64,000 after purchasing an additional 1,552 shares during the period. Bessemer Group Inc. boosted its stake in Alico by 16.6% in the 4th quarter. Bessemer Group Inc. now owns 3,032 shares of the company’s stock worth $89,000 after purchasing an additional 432 shares during the period. Parametric Portfolio Associates LLC boosted its stake in Alico by 23.3% in the 1st quarter. Parametric Portfolio Associates LLC now owns 17,729 shares of the company’s stock worth $482,000 after purchasing an additional 3,351 shares during the period. Geode Capital Management LLC boosted its stake in Alico by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 34,364 shares of the company’s stock worth $1,013,000 after purchasing an additional 1,596 shares during the period. Finally, Towerview LLC boosted its stake in Alico by 5.3% in the 1st quarter. Towerview LLC now owns 92,000 shares of the company’s stock worth $2,503,000 after purchasing an additional 4,610 shares during the period. Hedge funds and other institutional investors own 71.06% of the company’s stock.

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About Alico (NASDAQ:ALCO)

Alico, Inc, together with its subsidiaries, operates as an agribusiness and land management company in the United States. The company operates in two segments, Alico Citrus, and Water 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, including activities related to the purchase and resale of fruit and value-added services, which comprise contracting for the harvesting, marketing, and hauling of citrus.

See Also: Cost of Capital

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