Bank of Hawaii lowered its stake in shares of Alexander & Baldwin (NYSE:ALEX) by 6.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 187,742 shares of the company’s stock after selling 13,049 shares during the period. Bank of Hawaii’s holdings in Alexander & Baldwin were worth $6,785,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of ALEX. LS Investment Advisors LLC raised its position in shares of Alexander & Baldwin by 73.3% in the second quarter. LS Investment Advisors LLC now owns 2,775 shares of the company’s stock worth $100,000 after buying an additional 1,174 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of Alexander & Baldwin during the second quarter worth approximately $112,000. First Midwest Bank Trust Division raised its position in shares of Alexander & Baldwin by 46.7% in the second quarter. First Midwest Bank Trust Division now owns 9,413 shares of the company’s stock worth $340,000 after buying an additional 2,996 shares in the last quarter. Capstone Asset Management Co. raised its position in shares of Alexander & Baldwin by 29.7% in the second quarter. Capstone Asset Management Co. now owns 9,733 shares of the company’s stock worth $352,000 after buying an additional 2,230 shares in the last quarter. Finally, HBK Investments L P purchased a new position in shares of Alexander & Baldwin during the first quarter worth approximately $499,000. Institutional investors and hedge funds own 76.98% of the company’s stock.
Shares of Alexander & Baldwin (NYSE:ALEX) traded up 0.57% during trading on Wednesday, reaching $37.29. 19,847 shares of the company’s stock were exchanged. The company has a 50 day moving average of $38.45 and a 200 day moving average of $38.00. Alexander & Baldwin has a 52-week low of $28.82 and a 52-week high of $42.80. The firm’s market capitalization is $1.83 billion.
Alexander & Baldwin (NYSE:ALEX) last released its quarterly earnings data on Wednesday, July 27th. The company reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.19. The company earned $102.70 million during the quarter, compared to analyst estimates of $159.09 million. Alexander & Baldwin had a negative net margin of 2.87% and a positive return on equity of 3.17%. The firm’s quarterly revenue was down 33.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.20 EPS. Equities analysts anticipate that Alexander & Baldwin will post $0.97 earnings per share for the current fiscal year.
Separately, JMP Securities lowered shares of Alexander & Baldwin from an “outperform” rating to a “market perform” rating and set a $44.00 price objective on the stock. in a report on Friday, August 26th. They noted that the move was a valuation call.
In other Alexander & Baldwin news, insider Stanley M. Kuriyama sold 4,250 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $38.35, for a total value of $162,987.50. Following the transaction, the insider now owns 237,986 shares in the company, valued at approximately $9,126,763.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 7.70% of the stock is currently owned by company insiders.
About Alexander & Baldwin
Alexander & Baldwin, Inc (A&B) is engaged in real estate development, real estate leasing, materials and construction, and agribusiness. The Company operates in four segments: Real Estate Development and Sales, Real Estate Leasing, Materials and Construction, and Agribusiness. Real estate activities are conducted through A&B Properties, Inc and other subsidiaries of A&B.
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