AlicoALCO
ALCO
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 the 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: 199
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
143% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 14
100% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 8
11% more funds holding
Funds holding: 76 [Q2] → 84 (+8) [Q3]
10% more capital invested
Capital invested by funds: $107M [Q2] → $118M (+$11.1M) [Q3]
1.16% more ownership
Funds ownership: 54.2% [Q2] → 55.36% (+1.16%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for ALCO.
Financial journalist opinion
Based on 3 articles about ALCO published over the past 30 days
Neutral
Seeking Alpha
2 weeks ago
Alico, Inc. (ALCO) Q4 2024 Earnings Call Transcript
Alico, Inc. (NASDAQ:ALCO ) Q4 2024 Earnings Call Transcript December 2, 2024 8:30 AM ET Company Participants John Kiernan - President and CEO Brad Heine - CFO Operator Welcome to Alico's Fourth Quarter and Fiscal Year Ended 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Neutral
GlobeNewsWire
2 weeks ago
Alico, Inc. Announces Financial Results for the Fourth Quarter and Fiscal Year Ended September 30, 2024
FORT MYERS, Fla., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company,” “we,” “us” or “our”) (Nasdaq: ALCO) today announces financial results for the fourth quarter and fiscal year ended September 30, 2024, the highlights of which are as follows:
Neutral
GlobeNewsWire
3 weeks ago
Alico, Inc. to Announce Fourth Quarter and Full Year 2024 Financial Results on Monday, December 2, 2024
FORT MYERS, Fla., Nov. 29, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announced that the Company will release financial results for the fourth quarter and full year ended September 30, 2024, on Monday, December 2, 2024 before market open.
Neutral
Seeking Alpha
1 month ago
Alico: Hurricane Milton's Potential Impact And Earnings Preview
Alico owns ~48,000 acres of citrus groves in Florida. Hurricane Milton likely damaged Alico's citrus groves for the upcoming 2025 season. However, the company's current valuation is low compared to the redevelopment potential of the citrus groves into residential real estate.
Neutral
GlobeNewsWire
2 months ago
Initial Assessments Indicate that Alico, Inc. Sustained Minimal Tree Damage from Hurricane Milton Last Week
FORT MYERS, Fla., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Initial assessments indicate that Alico, Inc. sustained minimal tree damage from Hurricane Milton last week.
Positive
Seeking Alpha
2 months ago
Alico: A Post-Hurricane Buying Opportunity May Be Presenting Itself
Alico has an abundance of asset value hidden away in the land that it owns. If Alico completes an entitlement of its 4,500 acres at its Corkscrew grove site then the company could see its net asset value increase from $32.01 to $51.13 per share. The upcoming uncertainty surrounding the impacts of Hurricane Milton on Florida may present investors with buying opportunities in the days and weeks ahead.
Neutral
GlobeNewsWire
3 months ago
Alico, Inc. Announces Amendment to its Revolving Line of Credit with MetLife
FORT MYERS, Fla., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico”) (Nasdaq: ALCO) announced that, effective September 17 2024, it has amended its Credit Agreement (the “Amendment”) with Metropolitan Life Insurance Company, and New England Life Insurance Company (collectively “MetLife”), which, among other things (i) increases the borrowing capacity under the revolving line of credit (the “RLOC”) from $25 million to $95 million and (ii) now extends the maturity date of the RLOC to May 1, 2034. The RLOC is secured by real property, consisting of approximately 36,800 gross acres of citrus land. In addition, in connection with the Amendment, the Company paid off its current borrowings under the $70 million working capital line of credit, subject to cancellation of its outstanding letters of credit, with Rabo Agrifinance, Inc. and replaced the Rabo Agrifinance working capital line of credit, which was due to mature on November 1, 2025.
Positive
Zacks Investment Research
3 months ago
Top 4 Agriculture Operations Stocks to Watch as Industry Trends Improve
The Agriculture - Operations industry is poised to grow on innovation and healthy product demand amid rising costs and trade uncertainties. Companies like CTVA, DOLE, AGRO, and ALCO are expected to benefit from innovations and increased consumer demand.
Positive
Seeking Alpha
3 months ago
Alico: Florida Land Value Realization
Florida land is becoming increasingly scarce and valuable, with Alico offering a cheap entry at $5,500 per acre. Alico's land value is estimated at $9,000 per acre, suggesting a 60% upside, but realizing this value could take years and face operational costs. Alico's citrus operations face challenges like Hurricane Ian damage and Citrus Greening, but improvements are expected with new deals, grants, and better treatments.
Neutral
Seeking Alpha
4 months ago
Alico, Inc. (ALCO) Q3 2024 Earnings Call Transcript
Alico, Inc. (NASDAQ:ALCO ) Q3 2024 Results Conference Call August 6, 2024 8:30 AM ET Company Participants John Kiernan - President & Chief Executive Officer Brad Heine - Chief Financial Officer Operator Welcome to Alico's Third Quarter 2024 Conference Call. [Operator Instructions] As a reminder today's conference is being recorded.
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