Alico (NASDAQ:ALCO) Share Price Passes Above 200-Day Moving Average - What's Next?

Key Points

• Alico's share price moved above its 200-day moving average of $37.97, trading as high as $42.44 and last at $41.72 on volume of about 45,157 shares.
• Analyst sentiment is mixed—one Buy and one Sell—resulting in a MarketBeat consensus rating of Hold with a consensus target price of $45.00.
• Fundamentals look weak: the company reported a Q miss (EPS -$0.96 vs. -$0.04 expected) with a negative ROE and net margin. It still pays a small quarterly dividend ($0.05) and has roughly 62% institutional ownership.

Alico, Inc. (NASDAQ:ALCO - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $37.97 and traded as high as $42.44. Alico shares last traded at $41.72, with a volume of 45,157 shares changing hands.

Analyst Ratings Changes

Several research analysts have commented on the stock. Roth Mkm set a $45.00 price objective on shares of Alico and gave the stock a "buy" rating in a report on Friday, March 27th. Weiss Ratings reiterated a "sell (d)" rating on shares of Alico in a research report on Monday. Finally, Wall Street Zen downgraded shares of Alico from a "hold" rating to a "sell" rating in a research note on Sunday, March 22nd. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $45.00.

Alico Trading Down 0.8%

The stock has a market cap of $319.58 million, a P/E ratio of -2.25 and a beta of 1.00. The company has a current ratio of 14.39, a quick ratio of 13.02 and a debt-to-equity ratio of 0.82. The stock's fifty day moving average price is $41.00 and its 200 day moving average price is $37.97.

Alico (NASDAQ:ALCO - Get Free Report) last released its earnings results on Wednesday, February 4th. The company reported ($0.96) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.92). Alico had a negative return on equity of 101.66% and a negative net margin of 487.45%.The business had revenue of $1.89 million during the quarter, compared to analysts' expectations of $3.22 million. Equities research analysts expect that Alico, Inc. will post -2.8 earnings per share for the current year.

Alico Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Friday, April 3rd were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Thursday, April 2nd. Alico's dividend payout ratio (DPR) is presently -1.08%.

Institutional Trading of Alico

Several hedge funds and other institutional investors have recently made changes to their positions in ALCO. Gate City Capital Management LLC raised its stake in Alico by 3.1% during the fourth quarter. Gate City Capital Management LLC now owns 1,297,679 shares of the company's stock valued at $47,210,000 after buying an additional 39,500 shares during the last quarter. Vanguard Group Inc. grew its position in Alico by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 259,666 shares of the company's stock valued at $9,000,000 after purchasing an additional 4,064 shares during the last quarter. Geode Capital Management LLC increased its stake in Alico by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 138,611 shares of the company's stock valued at $5,045,000 after purchasing an additional 4,714 shares in the last quarter. Peapod Lane Capital LLC increased its stake in Alico by 0.7% during the 4th quarter. Peapod Lane Capital LLC now owns 133,701 shares of the company's stock valued at $4,864,000 after purchasing an additional 983 shares in the last quarter. Finally, Accordant Advisory Group Inc raised its holdings in Alico by 39.4% in the fourth quarter. Accordant Advisory Group Inc now owns 94,411 shares of the company's stock worth $3,435,000 after buying an additional 26,688 shares during the last quarter. Hedge funds and other institutional investors own 62.28% of the company's stock.

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.

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