Jane Street Group LLC acquired a new position in shares of Alexander & Baldwin Inc (NYSE:ALEX) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 11,025 shares of the financial services provider’s stock, valued at approximately $255,000.
Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in Alexander & Baldwin by 137.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,303,879 shares of the financial services provider’s stock worth $30,120,000 after acquiring an additional 755,171 shares during the period. Arizona State Retirement System lifted its position in Alexander & Baldwin by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 49,213 shares of the financial services provider’s stock worth $1,137,000 after acquiring an additional 553 shares during the period. Panagora Asset Management Inc. lifted its position in Alexander & Baldwin by 49,463.6% during the 2nd quarter. Panagora Asset Management Inc. now owns 396,509 shares of the financial services provider’s stock worth $9,159,000 after acquiring an additional 395,709 shares during the period. Rockefeller Capital Management L.P. acquired a new stake in Alexander & Baldwin during the 1st quarter worth approximately $145,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Alexander & Baldwin during the 2nd quarter worth approximately $35,000. 76.66% of the stock is owned by institutional investors.
ALEX opened at $24.11 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.89 and a quick ratio of 0.89. The business has a 50 day simple moving average of $23.92 and a 200-day simple moving average of $23.67. Alexander & Baldwin Inc has a 12 month low of $17.58 and a 12 month high of $25.69.
Alexander & Baldwin (NYSE:ALEX) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.15). The business had revenue of $109.10 million during the quarter, compared to analyst estimates of $104.63 million. Alexander & Baldwin had a negative net margin of 17.28% and a negative return on equity of 9.07%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.03 earnings per share.
In other news, Director Stanley M. Kuriyama sold 6,300 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $22.74, for a total value of $143,262.00. Following the completion of the sale, the director now directly owns 319,235 shares of the company’s stock, valued at approximately $7,259,403.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director W Allen Doane, Jr. sold 8,529 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $22.61, for a total value of $192,840.69. The disclosure for this sale can be found here. Insiders sold a total of 27,429 shares of company stock valued at $633,778 over the last three months. Insiders own 6.40% of the company’s stock.
About Alexander & Baldwin
Alexander & Baldwin, Inc is Hawai`i's premier commercial real estate company and the state's foremost owner of grocery-anchored retail centers. A&B is a fully integrated real estate investment trust and owns, operates and manages approximately 3.5 million square feet of primarily retail and industrial space in Hawai`i, and is a major landowner in the state.
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