Alico, Inc. (NASDAQ:ALCO) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $29.10 and traded as high as $31.15. Alico shares last traded at $31.15, with a volume of 11 shares traded.
The company has a 50-day moving average of $31.48 and a 200-day moving average of $29.12. The company has a current ratio of 1.89, a quick ratio of 0.57 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $233.79 million, a price-to-earnings ratio of 11.33 and a beta of 0.76.
Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Alico by 48.2% in the second quarter. Vanguard Group Inc. now owns 296,879 shares of the company’s stock valued at $9,008,000 after acquiring an additional 96,490 shares in the last quarter. BlackRock Inc. lifted its position in shares of Alico by 16.6% in the second quarter. BlackRock Inc. now owns 280,278 shares of the company’s stock valued at $8,503,000 after acquiring an additional 39,856 shares in the last quarter. Whitener Capital Management Inc. purchased a new position in shares of Alico in the second quarter valued at approximately $242,000. Towerview LLC lifted its position in shares of Alico by 5.3% in the first quarter. Towerview LLC now owns 92,000 shares of the company’s stock valued at $2,503,000 after acquiring an additional 4,610 shares in the last quarter. Finally, Morgan Stanley lifted its position in shares of Alico by 329.5% in the second quarter. Morgan Stanley now owns 4,793 shares of the company’s stock valued at $145,000 after acquiring an additional 3,677 shares in the last quarter. Institutional investors own 71.43% of the company’s stock.
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.
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