Dimensional Fund Advisors LP recently announced the acquisition of new stake in Alico Inc. (NASDAQ:ALCO). The institutional investor has increased its shareholding in the Consumer Defensive company by 8.98% to 0.44 million shares with purchase of 36082.0 shares. This fresh investment now brings its stake to 5.77% valued currently at $10.46 million. In addition, BlackRock Fund Advisors raised its holdings by 25620.0 to 0.37 million shares. And The Vanguard Group, Inc. has lifted its position by 2.70% or 5549.0 shares – to 0.21 million shares.
With over 87178.0 Alico Inc. (ALCO) shares trading Tuesday and a closing price of $26.98 on the day, the dollar volume was approximately $2.35 million. The shares have shown a negative half year performance of -21.93% and its price on 01/24/23 lost nearly -1.64%. Currently, there are 7.59M common shares owned by the public and among those 4.57M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for ALCO have a consensus price objective of $32.00. The analysts have set the share’s price value over the next 12 months at a high of $32.00 and a low of $32.00. The average price target is 15.69% above its recent price level and an upside to the estimated low will see the stock gain 15.69% over that period. But an upside of 15.69% will see the stock hit the forecast high price target while median target price for the stock is $32.00.
Insiders at the company have transacted a total of 33 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 31 of these insider trades were purchases, accounting for 39,680 shares. Insider sales of the common stock occurred on 2 occasions, with total insider shares sold totaling 4,100 shares.
The top 3 mutual fund holders in Alico Inc. are Vanguard Total Stock Market Index, iShares Russell 2000 ETF, and DFA US Targeted Value Portfolio. Vanguard Total Stock Market Index owns 0.17 million shares of the company’s stock, all valued at over $4.06 million. iShares Russell 2000 ETF sold 1403.0 shares to see its total holdings shrink to 0.13 million shares valued at over $3.22 million and representing 1.77% of the shares outstanding. DFA US Targeted Value Portfolio sold 3782.0 shares to bring its total holdings to over 74195.0 shares at a value of $1.77 million. DFA US Targeted Value Portfolio now owns shares totaling to 0.98% of the shares outstanding.
Shares of Alico Inc. (NASDAQ: ALCO) opened at $27.39, down -$0.04 from a prior closing price of $27.43. However, the script later moved the day high at 28.07, down -1.64%. The company’s stock has a 5-day price change of 5.51% and -4.16% over the past three months. ALCO shares are trading 13.03% year to date (YTD), with the 12-month market performance down to -24.91% lower. It has a 12-month low price of $23.00 and touched a high of $43.65 over the same period. ALCO has an average intraday trading volume of 62.42K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 9.03%, -1.79%, and -19.40% respectively.
Institutional ownership of Alico Inc. (NASDAQ: ALCO) shares accounts for 48.40% of the company’s 7.59M shares outstanding. Mutual fund holders own 19.49%, while other institutional holders and individual stakeholders account for 25.70% and 182.47% respectively.
It has a market capitalization of $199.65M and a beta (3y monthly) value of 0.80. The stock’s trailing 12-month PE ratio is 16.24, while the earnings-per-share (ttm) stands at $1.66. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.86% over the week and 2.68% over the month.
Analysts forecast that Alico Inc. (ALCO) will achieve an EPS of -$0.25 for the current quarter, $0 for the next quarter and $0.67 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.25 while analysts give the company a high EPS estimate of -$0.25. Comparatively, EPS for the current quarter was -$0.33 a year ago. Earnings per share for the fiscal year are expected to decrease by -64.50%, and 212.80% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Alico Inc. (ALCO) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the ALCO, a number of firms have released research notes about the stock. ROTH Capital stated their Buy rating for the stock in a research note on December 21, 2020, with the firm’s price target at $40.