Parametric Portfolio Associates LLC Sells 8,300 Shares of Alexander & Baldwin Inc (NYSE:ALEX)

Parametric Portfolio Associates LLC decreased its holdings in Alexander & Baldwin Inc (NYSE:ALEX) by 5.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 135,116 shares of the financial services provider’s stock after selling 8,300 shares during the period. Parametric Portfolio Associates LLC owned about 0.19% of Alexander & Baldwin worth $1,516,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Victory Capital Management Inc. increased its position in shares of Alexander & Baldwin by 14.9% during the first quarter. Victory Capital Management Inc. now owns 1,295,972 shares of the financial services provider’s stock worth $14,541,000 after purchasing an additional 168,270 shares in the last quarter. Citigroup Inc. increased its position in shares of Alexander & Baldwin by 93.5% during the first quarter. Citigroup Inc. now owns 57,837 shares of the financial services provider’s stock worth $649,000 after purchasing an additional 27,948 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Alexander & Baldwin by 16.1% during the first quarter. BNP Paribas Arbitrage SA now owns 27,477 shares of the financial services provider’s stock worth $308,000 after purchasing an additional 3,801 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Alexander & Baldwin by 89.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 269,712 shares of the financial services provider’s stock worth $5,653,000 after purchasing an additional 127,221 shares in the last quarter. Finally, Great West Life Assurance Co. Can acquired a new position in shares of Alexander & Baldwin during the fourth quarter worth $742,000. 82.90% of the stock is owned by institutional investors.

NYSE ALEX opened at $12.19 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.71 and a quick ratio of 1.71. The stock’s fifty day moving average price is $12.02 and its 200 day moving average price is $15.95. Alexander & Baldwin Inc has a 1 year low of $8.32 and a 1 year high of $25.38. The company has a market cap of $888.69 million, a price-to-earnings ratio of -22.57 and a beta of 1.42.

Alexander & Baldwin (NYSE:ALEX) last released its earnings results on Thursday, April 30th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. Alexander & Baldwin had a positive return on equity of 1.00% and a negative net margin of 10.14%. The firm had revenue of $80.80 million for the quarter. Research analysts expect that Alexander & Baldwin Inc will post 0.83 earnings per share for the current year.

Separately, Zacks Investment Research downgraded Alexander & Baldwin from a “strong-buy” rating to a “hold” rating in a research report on Tuesday.

Alexander & Baldwin Company Profile

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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Institutional Ownership by Quarter for Alexander & Baldwin (NYSE:ALEX)

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