Alico (NASDAQ:ALCO) was downgraded by TheStreet from a “c” rating to a “d+” rating in a research note issued to investors on Tuesday.

Shares of Alico (NASDAQ:ALCO) opened at $31.40 on Tuesday. Alico has a 12-month low of $25.50 and a 12-month high of $34.80. The company has a market cap of $265.47, a price-to-earnings ratio of 201.25 and a beta of 1.33. The company has a debt-to-equity ratio of 1.09, a current ratio of 4.16 and a quick ratio of 2.12.

A number of hedge funds have recently added to or reduced their stakes in ALCO. Wendell David Associates Inc. purchased a new stake in Alico in the 3rd quarter valued at $610,000. Dimensional Fund Advisors LP raised its position in Alico by 6.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 288,827 shares of the company’s stock valued at $9,040,000 after purchasing an additional 17,540 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Alico by 71.0% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 21,479 shares of the company’s stock valued at $734,000 after purchasing an additional 8,917 shares during the last quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. purchased a new stake in Alico in the 2nd quarter valued at $204,000. Finally, Northern Trust Corp raised its position in Alico by 11.6% in the 2nd quarter. Northern Trust Corp now owns 47,156 shares of the company’s stock valued at $1,476,000 after purchasing an additional 4,893 shares during the last quarter. Hedge funds and other institutional investors own 74.48% of the company’s stock.

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Alico Company Profile

Alico, Inc is an agribusiness and natural resources management company. The Company’s segments include Orange Co, Conservation and Environmental Resources and, Other Operations. Its principal lines of business are citrus groves, cattle ranching and conservation. The Orange Co segment includes activities related to planting, owning, cultivating and/or managing citrus groves in order to produce fruit for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which include contracting for the harvesting, marketing and hauling of citrus.

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