Alico
ALCO

$28.53

2.29%

Market Cap: 218M

About: Alico Inc is a Florida-based agribusiness and land management company that primarily focuses on citrus production and grove conservation. The company operates through two primary business units: Alico Citrus and Land Management and Other Operations. The Alico Citrus segment engages in cultivation of citrus trees and delivers citrus to the processed and fresh citrus markets. It mainly serves the processed market and sells primarily Hamlin oranges and the Valencia variety to the orange juice processors. The Land Management and Other Operations segment engages in land leasing for recreational, conservation, and mining activities. Alico Citrus delivers most of the revenue as the firm's primary operating business unit.

Employees: 194

Consumer Staples Agriculture Production Crops

0

Funds holding %

of 6,702 funds

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Analysts bullish %

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News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

33% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 6

5% more capital invested

Capital invested by funds: $114M [Q4 2023] → $120M (+$6.22M) [Q1 2024]

3% more funds holding

Funds holding: 77 [Q4 2023] → 79 (+2) [Q1 2024]

2.44% more ownership

Funds ownership: 51.24% [Q4 2023] → 53.68% (+2.44%) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 3 [Q4 2023] → 3 (+0) [Q1 2024]

19% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 26

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Research analyst outlook

We haven’t received any recent analyst ratings for ALCO.

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Financial journalist opinion

Alico, Inc. to Announce Third Quarter 2024 Financial Results on Monday, August 5, 2024

Company to Host Conference Call on Tuesday, August 6, 2024, at 8:30 AM Eastern Time Company to Host Conference Call on Tuesday, August 6, 2024, at 8:30 AM Eastern Time

Alico, Inc. to Announce Third Quarter 2024 Financial Results on Monday, August 5, 2024

Alico, Inc. Announces New Supply Contract with Tropicana

FORT MYERS, Fla., June 10, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announced that it entered into a new agreement with its largest customer to supply citrus fruit. This agreement is effective June 5, 2024 through July 31, 2027, subject to its terms and conditions.

Alico, Inc. Announces New Supply Contract with Tropicana

The Bottom Fishing Club: Buy Alico's Florida Orange Groves At 50% Discount

Alico is a Florida orange grove owner with 54,000+ acres, making it one of the largest U.S. citrus growers. Management estimates its grove and land holdings are worth as much as $635 million based on comparable property sales vs. $114 million listed on its balance sheet at cost. Using company numbers, I estimate a minimum after-tax liquidation value of $51 is available for investors at $26 per share today.

The Bottom Fishing Club: Buy Alico's Florida Orange Groves At 50% Discount

Mitch Hutchcraft Joins Alico, Inc. as Executive Vice President of Real Estate

FORT MYERS, Fla., May 28, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico”) has announced that Mitch Hutchcraft is joining the company in a newly created position as Executive Vice President of Real Estate, effective as of today.

Mitch Hutchcraft Joins Alico, Inc. as Executive Vice President of Real Estate

Alico: Thesis Playing Out; Maintain Buy

Alico's citrus groves were negatively impacted by Hurricane Ian in 2023, but improvements are expected in the current harvest. ALCO recently sold off the Alico Ranch, allowing the company to delever. The Company's current portfolio of citrus groves underpin $44/share in real estate value.

Alico: Thesis Playing Out; Maintain Buy

Zacks Investment Research

4 Agriculture Operations Stocks to Watch Amid Elevated Costs

The Agriculture - Operations industry participants are witnessing higher costs due to fluctuating commodity prices, rising input costs and trade uncertainties. Innovations and improved consumer demand are likely to aid companies like CTVA, ADM, ALCO and AGRO.

4 Agriculture Operations Stocks to Watch Amid Elevated Costs

Zacks Investment Research

Alico (ALCO) Surpasses Q2 Earnings Estimates

Alico (ALCO) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of a loss of $0.14 per share. This compares to loss of $1.62 per share a year ago.

Alico (ALCO) Surpasses Q2 Earnings Estimates

Alico, Inc. Announces Financial Results for the Second Quarter and Six Months Ended March 31, 2024

FORT MYERS, Fla., May 06, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico”, the “Company”, “we”, or “our”) (Nasdaq: ALCO) today announces financial results for the second quarter of fiscal year 2024 and the six months ended March 31, 2024, the highlights of which are as follows:

Alico, Inc. Announces Financial Results for the Second Quarter and Six Months Ended March 31, 2024

Alico, Inc. to Announce Second Quarter 2024 Financial Results on Monday, May 6, 2024

Company to Host Conference Call on Tuesday, May 7, 2024, at 8:30 AM Eastern Time Company to Host Conference Call on Tuesday, May 7, 2024, at 8:30 AM Eastern Time

Alico, Inc. to Announce Second Quarter 2024 Financial Results on Monday, May 6, 2024

Alico, Inc. to Present at the 36th Annual Roth Conference

FORT MYERS, Fla., March 14, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (NASDAQ: ALCO) announced today that John Kiernan, the Company's Chief Executive Officer and President, will present and host one-on-one meetings at the 36th Annual Roth Conference taking place in Dana Point, CA March 18th and 19th of 2024.

Alico, Inc. to Present at the 36th Annual Roth Conference

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