Alico (NASDAQ:ALCO) Stock Rating Lowered by Wall Street Zen

Alico (NASDAQ:ALCO - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "strong sell" rating in a note issued to investors on Thursday.

Alico Price Performance

ALCO stock traded up $0.31 during trading on Thursday, hitting $31.65. 10,378 shares of the company's stock traded hands, compared to its average volume of 39,286. Alico has a 52 week low of $24.20 and a 52 week high of $34.08. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.37 and a current ratio of 4.84. The business has a fifty day simple moving average of $29.49 and a 200 day simple moving average of $28.75. The stock has a market capitalization of $241.87 million, a price-to-earnings ratio of -5.35 and a beta of 0.98.

Alico (NASDAQ:ALCO - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported ($10.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($10.62). Alico had a negative net margin of 91.09% and a negative return on equity of 3.01%. The business had revenue of $17.98 million for the quarter, compared to analysts' expectations of $22.20 million. As a group, research analysts expect that Alico will post -0.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Alico

Institutional investors and hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN raised its holdings in Alico by 21.3% during the 4th quarter. Wells Fargo & Company MN now owns 5,177 shares of the company's stock valued at $134,000 after buying an additional 908 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Alico by 50.9% in the third quarter. JPMorgan Chase & Co. now owns 13,140 shares of the company's stock valued at $368,000 after acquiring an additional 4,432 shares during the period. Empowered Funds LLC raised its stake in shares of Alico by 5.1% in the fourth quarter. Empowered Funds LLC now owns 16,607 shares of the company's stock valued at $431,000 after acquiring an additional 810 shares during the period. Perritt Capital Management Inc lifted its holdings in shares of Alico by 66.7% in the 4th quarter. Perritt Capital Management Inc now owns 5,000 shares of the company's stock worth $130,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Abundance Wealth Counselors purchased a new position in shares of Alico during the 4th quarter worth about $286,000. Hedge funds and other institutional investors own 62.28% of the company's stock.

About Alico

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 Land Management and Other Operations. The Alico Citrus segment engages in planting, owning, cultivating, and/or managing citrus groves 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.