Alico (NASDAQ:ALCO) Share Price Crosses Above 200 Day Moving Average of $31.25

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Alico, Inc. (NASDAQ:ALCO) passed 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 changing hands.

Separately, BidaskClub raised 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 has a market cap of $253.15 million, a PE ratio of 12.27 and a beta of 0.80. The firm has a 50 day moving average of $32.88 and a two-hundred day moving average of $31.25.

In other Alico news, major shareholder Remy W. Trafelet sold 1,412 shares of the stock in a transaction on Monday, November 25th. The stock was 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 stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $33.27, for a total value of $33,270.00. The disclosure for this sale can be found here. Insiders sold a total of 17,000 shares of company stock worth $573,620 in the last 90 days. 3.00% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp boosted its stake in 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 during the last quarter. California Public Employees Retirement System lifted its holdings 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 buying an additional 786 shares during the period. Rhumbline Advisers bought a new position in shares of Alico during the 3rd quarter valued at $240,000. Morgan Stanley lifted its holdings 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 buying an additional 3,677 shares during the period. Finally, Vanguard Group Inc. lifted its holdings 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 buying an additional 96,490 shares during the period. Institutional investors and hedge funds own 69.91% of the company’s stock.

About Alico (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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