Towerview LLC raised its stake in Alico, Inc. (NASDAQ:ALCO) by 5.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,000 shares of the company’s stock after purchasing an additional 4,610 shares during the quarter. Alico makes up about 1.4% of Towerview LLC’s portfolio, making the stock its 9th biggest holding. Towerview LLC owned 1.23% of Alico worth $2,503,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of ALCO. O Shaughnessy Asset Management LLC lifted its holdings in Alico by 247.9% during 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 last quarter. Bessemer Group Inc. lifted its holdings in Alico by 16.6% during 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 last quarter. Geode Capital Management LLC lifted its holdings in Alico by 4.9% during 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 last quarter. Renaissance Technologies LLC lifted its holdings in Alico by 46.1% during the 3rd quarter. Renaissance Technologies LLC now owns 98,291 shares of the company’s stock worth $3,322,000 after purchasing an additional 31,000 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Alico by 16.5% during the 3rd quarter. Vanguard Group Inc. now owns 164,550 shares of the company’s stock worth $5,562,000 after purchasing an additional 23,285 shares during the last quarter. Hedge funds and other institutional investors own 71.43% of the company’s stock.
Shares of NASDAQ ALCO opened at $25.78 on Tuesday. The firm has a market capitalization of $192.58 million, a price-to-earnings ratio of 28.02 and a beta of 0.62. The company has a quick ratio of 0.82, a current ratio of 2.58 and a debt-to-equity ratio of 1.12. Alico, Inc. has a fifty-two week low of $25.25 and a fifty-two week high of $34.65.ILLEGAL ACTIVITY WARNING: This story was published by Mayfield Recorder and is the property of of Mayfield Recorder. If you are accessing this story on another site, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this story can be viewed at https://mayfieldrecorder.com/2019/05/28/towerview-llc-boosts-stake-in-alico-inc-alco.html.
Alico Company Profile
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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