Vanguard Group Inc lifted its stake in shares of Alico, Inc. (NASDAQ:ALCO) by 16.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 164,550 shares of the company’s stock after buying an additional 23,285 shares during the quarter. Vanguard Group Inc owned 2.21% of Alico worth $5,562,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. grew its stake in Alico by 14.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 27,195 shares of the company’s stock valued at $863,000 after purchasing an additional 3,532 shares in the last quarter. Bridgeway Capital Management Inc. grew its stake in Alico by 4.9% during the 3rd quarter. Bridgeway Capital Management Inc. now owns 42,821 shares of the company’s stock valued at $1,447,000 after purchasing an additional 2,000 shares in the last quarter. Renaissance Technologies LLC grew its stake in Alico by 6.0% during the 2nd quarter. Renaissance Technologies LLC now owns 67,291 shares of the company’s stock valued at $2,133,000 after purchasing an additional 3,800 shares in the last quarter. Towerview LLC grew its stake in Alico by 25.2% during the 3rd quarter. Towerview LLC now owns 82,541 shares of the company’s stock valued at $2,790,000 after purchasing an additional 16,628 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Alico by 16.5% during the 3rd quarter. Vanguard Group Inc. now owns 164,550 shares of the company’s stock valued at $5,562,000 after purchasing an additional 23,285 shares in the last quarter. Institutional investors and hedge funds own 82.46% of the company’s stock.
Shares of ALCO traded up $0.34 during mid-day trading on Tuesday, hitting $30.04. The stock had a trading volume of 257 shares, compared to its average volume of 7,100. The company has a current ratio of 3.36, a quick ratio of 1.45 and a debt-to-equity ratio of 0.96. Alico, Inc. has a fifty-two week low of $25.75 and a fifty-two week high of $34.65.
Alico (NASDAQ:ALCO) last issued its earnings results on Thursday, December 6th. The company reported ($0.44) EPS for the quarter. The firm had revenue of $1.63 million during the quarter. Alico had a negative return on equity of 1.83% and a net margin of 16.06%.
ALCO has been the subject of a number of recent analyst reports. BidaskClub upgraded Alico from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. ValuEngine upgraded Alico from a “hold” rating to a “buy” rating in a research note on Friday, October 19th.
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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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