Alico (NASDAQ:ALCO) Shares Pass Above 200 Day Moving Average of $31.25

Alico, Inc. (NASDAQ:ALCO)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $31.25 and traded as high as $33.00. Alico shares last traded at $32.75, with a volume of 14,711 shares.

Separately, BidaskClub upgraded shares of Alico from a “hold” rating to a “buy” rating in a research report on Monday, November 25th.

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’s 50-day moving average price is $32.88 and its two-hundred day moving average price is $31.25. The company has a market cap of $253.15 million, a P/E ratio of 12.27 and a beta of 0.80.

In other news, major shareholder Remy W. Trafelet sold 1,412 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $33.92, for a total transaction of $47,895.04. Also, major shareholder Remy W. Trafelet sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $33.27, for a total transaction of $33,270.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,000 shares of company stock valued at $573,620. Insiders own 3.00% of the company’s stock.

Several large investors have recently bought and sold shares of the company. State Street Corp boosted its position in shares of Alico by 1.0% during the 3rd quarter. State Street Corp now owns 63,199 shares of the company’s stock valued at $2,154,000 after purchasing an additional 653 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of Alico by 11.4% during the 3rd quarter. California Public Employees Retirement System now owns 7,653 shares of the company’s stock valued at $260,000 after purchasing an additional 786 shares in the last quarter. Rhumbline Advisers bought a new position in shares of Alico during the 3rd quarter valued at about $240,000. Morgan Stanley boosted its position in shares of Alico by 329.5% during the 2nd quarter. Morgan Stanley now owns 4,793 shares of the company’s stock valued at $145,000 after purchasing an additional 3,677 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Alico by 48.2% during the 2nd quarter. Vanguard Group Inc. now owns 296,879 shares of the company’s stock valued at $9,008,000 after purchasing an additional 96,490 shares in the last quarter. Institutional investors own 69.91% of the company’s stock.

Alico Company Profile (NASDAQ:ALCO)

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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