Alico, Inc. (NASDAQ:ALCO) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. lessened its holdings in shares of Alico, Inc. (NASDAQ:ALCO) by 16.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,760 shares of the company’s stock after selling 1,750 shares during the quarter. Moors & Cabot Inc. owned 0.11% of Alico worth $227,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ALCO. Empowered Funds LLC increased its position in Alico by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 15,797 shares of the company’s stock worth $442,000 after purchasing an additional 804 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Alico by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 19,185 shares of the company’s stock worth $537,000 after acquiring an additional 700 shares during the period. Harbor Advisors LLC purchased a new position in Alico in the 3rd quarter worth approximately $215,000. State Street Corp boosted its holdings in Alico by 2.1% in the 3rd quarter. State Street Corp now owns 109,974 shares of the company’s stock worth $3,081,000 after acquiring an additional 2,313 shares during the period. Finally, Barclays PLC boosted its holdings in Alico by 229.2% in the 3rd quarter. Barclays PLC now owns 9,336 shares of the company’s stock worth $261,000 after acquiring an additional 6,500 shares during the period. Institutional investors and hedge funds own 62.28% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Alico to a “sell” rating in a report on Friday, February 14th.

Alico Stock Up 3.5 %

NASDAQ ALCO opened at $29.00 on Monday. The stock has a market cap of $221.50 million, a PE ratio of -4.90 and a beta of 0.81. Alico, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $34.08. The business has a 50 day moving average price of $30.02 and a two-hundred day moving average price of $27.86. The company has a quick ratio of 2.37, a current ratio of 4.84 and a debt-to-equity ratio of 0.42.

Alico (NASDAQ:ALCO) last released its earnings results on Wednesday, February 12th. The company reported ($1.20) EPS for the quarter, missing the consensus estimate of ($0.93) by ($0.27). Alico had a negative net margin of 91.09% and a negative return on equity of 3.01%. As a group, sell-side analysts predict that Alico, Inc. will post -0.37 EPS for the current fiscal year.

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.