Alico, Inc. CEO John Kiernan will meet investors at the BMO Global Farm to Market Conference in May 2025.
Quiver AI Summary
Alico, Inc. announced that its President and CEO, John Kiernan, will conduct one-on-one investor meetings at the BMO Global Farm to Market Conference in New York City on May 14-15, 2025. Alico operates two divisions: Alico Citrus, one of the largest citrus producers in the U.S., and Land Management and Other Operations, which focuses on land leasing and related activities. The Alico Citrus division will be winding down operations following the upcoming crop harvest due to environmental and financial challenges. Despite this, Alico remains committed to supporting Florida's agriculture and will shift its focus toward diversified land usage and real estate development in the future.
Potential Positives
- John Kiernan's one-on-one meetings with investors at a notable conference may enhance investor relations and attract potential new investment opportunities.
- Alico's commitment to Florida's agriculture industry and its focus on long-term diversified land usage and real estate development indicates a strategic pivot that may lead to future growth and stability.
- The company's large scale as one of the nation’s largest citrus producers highlights its significant presence in the agricultural sector, which can be a positive factor for stakeholders and potential investors.
Potential Negatives
- The announcement that Alico Citrus will wind down operations after the current crop is harvested indicates significant operational challenges and potential loss of revenue for the company.
- The decision to cease citrus operations due to environmental and financial challenges may harm the company's reputation and investor confidence in its ability to navigate industry difficulties.
- Alico's shift in focus to long-term diversified land usage and real estate development may suggest a lack of confidence in its core citrus business, which could be viewed negatively by stakeholders.
FAQ
What is the purpose of the BMO Global Farm to Market Conference?
The conference provides a platform for Alico's CEO to engage in one-on-one meetings with investors.
When and where is the BMO Global Farm to Market Conference taking place?
The conference will occur on May 14-15, 2025, in New York City, NY.
What are the main divisions of Alico, Inc.?
Alico operates Alico Citrus and Land Management and Other Operations, focusing on citrus production and land leasing.
Why is Alico Citrus winding down operations?
Alico Citrus is winding down due to environmental and financial challenges after the current crop is harvested.
What will Alico focus on after closing its citrus operations?
Alico will concentrate on long-term diversified land usage and real estate development strategies in Florida.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ALCO Hedge Fund Activity
We have seen 34 institutional investors add shares of $ALCO stock to their portfolio, and 37 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ACUITAS INVESTMENTS, LLC removed 128,077 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $3,321,036
- CWA ASSET MANAGEMENT GROUP, LLC added 108,325 shares (+inf%) to their portfolio in Q1 2025, for an estimated $3,232,418
- BOOTHBAY FUND MANAGEMENT, LLC removed 94,745 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $2,456,737
- PACIFIC RIDGE CAPITAL PARTNERS, LLC added 87,521 shares (+39.2%) to their portfolio in Q4 2024, for an estimated $2,269,419
- OAK FAMILY ADVISORS, LLC removed 72,243 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $2,155,731
- VANGUARD GROUP INC added 55,757 shares (+31.0%) to their portfolio in Q4 2024, for an estimated $1,445,779
- POLAR ASSET MANAGEMENT PARTNERS INC. removed 51,574 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $1,337,313
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
FORT MYERS, Fla., May 06, 2025 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announced that John Kiernan, the Company’s President and Chief Executive Officer, will host one-on-one meetings with investors at the BMO Global Farm to Market Conference, taking place May 14-15, 2025 in New York City, NY.
About Alico
Alico, Inc. currently operates two divisions: Alico Citrus, currently one of the nation’s largest citrus producers, and Land Management and Other Operations, which include land leasing and related support operations. While Alico Citrus will wind down operations after the current crop is harvested in the first half of calendar year 2025, due to environmental and financial challenges, Alico remains committed to Florida’s agriculture industry, and will focus on its long-term diversified land usage and real estate development strategy. Learn more about Alico (Nasdaq: “ALCO”) at www.alicoinc.com .
Investor Contact:
John Mills
ICR
(646) 277-1254
[email protected]
Brad Heine
Chief Financial Officer
(239) 226-2000
[email protected]
