NASDAQ ALCO Price Goes Down by 1.65%: Should You Need to Be Concerned?

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Alico, Inc. (NASDAQ: ALCO) operates together with its other subsidiaries as a land Management Company in the United States. This company mainly works in two segments: Alico Citrus and Water Resources. Other than that, Alico works in planting, owning, cultivating, and managing citrus groves to produce fruits for sale. Later, the produced fruits get processed to hit the markets. The Water Resources department is involved in activism related to cattle grazing as well as native plant sales.

NASDAQ: ALCO stock pricing today: Latest updates

NASDAQ: ALCO stock at https://www.webull.com/quote/nasdaq-alco was trading at $30.15 in March 2020 when COVID-19 reached pandemic status. Since then its stock value has decreased by 1.65%. Now, ALCO is trading at $31.00 on 14 August 2020. With 232.25 million market capitalization, Alico has earned $20.60 million during the second quarter of 2020. AlCO now has a net margin of 25.80%with a negative return on equity of 0.86%. As the next earnings date is scheduled to release on December 3, 2020, keep an eye on it.

Is this the right time to invest in AlCO shares?

Now we will take a look at what hedge funds are thinking right now for investment in NASDAQ: ALCO. After checking hedge funds sentiment, we conducted hours of research. Indeed, Hedge funds spend millions of dollars on expert networks and unconventional data sources. Sometimes it fails but their consensus stock picks historically outperformed the market after adjusting the risk factors. It is found that ALCO was in multiple hedge fund portfolios by the end of March. Recently our calculations show the Alco is not among the 30most popular stocks among hedge funds.

Indeed, NASDAQ: ALCO can be a great investment idea shortly i.e. ALCO can be one of the 10 most profitable companies that can deliver double-digit returns. Interviewing with hedge fund managers we collect information about stock markets and it reflects its probability of the condition of the stock market.

At the end of the first quarter, a total of 8 of the hedge funds held long positions in the stock, a change of -11% from the previous quarter. With comparison, 6 hedge funds held shares in NASDAQ: ALCO a year ago, there exists an” upper tier” of notable hedge fund managers who were increasing their stakes. Birch Run Capital, managed by Daniel Beltzman and Gergory Smith holds the number one position in Alico and Third Avenue Management is the second-largest stake. As we can see these stocks had an average of 11.75 hedge funds with bullish positions and an average $39 million stocks were invested. You can check more stock news at the trading platform.

Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.

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