Strs Ohio boosted its stake in Alexander & Baldwin Inc (NYSE:ALEX) by 4.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 112,469 shares of the financial services provider’s stock after purchasing an additional 4,450 shares during the period. Strs Ohio’s holdings in Alexander & Baldwin were worth $1,370,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in ALEX. BlackRock Inc. boosted its holdings in Alexander & Baldwin by 27.6% in the 1st quarter. BlackRock Inc. now owns 10,454,789 shares of the financial services provider’s stock valued at $117,303,000 after purchasing an additional 2,258,707 shares in the last quarter. Norges Bank purchased a new stake in shares of Alexander & Baldwin during the 4th quarter worth approximately $21,270,000. Reinhart Partners Inc. boosted its stake in shares of Alexander & Baldwin by 80.2% during the 1st quarter. Reinhart Partners Inc. now owns 1,209,936 shares of the financial services provider’s stock worth $13,576,000 after acquiring an additional 538,663 shares in the last quarter. Mesirow Financial Investment Management Equity Management purchased a new stake in shares of Alexander & Baldwin during the 1st quarter worth approximately $5,690,000. Finally, Aew Capital Management L P purchased a new stake in shares of Alexander & Baldwin during the 1st quarter worth approximately $53,177,000. 83.33% of the stock is currently owned by institutional investors.
Shares of Alexander & Baldwin stock opened at $11.82 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.71 and a current ratio of 1.71. Alexander & Baldwin Inc has a 1 year low of $8.32 and a 1 year high of $25.38. The business has a 50 day moving average price of $12.31 and a 200 day moving average price of $14.60.
Alexander & Baldwin (NYSE:ALEX) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 during the quarter. On average, analysts anticipate that Alexander & Baldwin Inc will post 0.78 EPS for the current year.
Separately, Zacks Investment Research lowered Alexander & Baldwin from a “hold” rating to a “sell” rating in a research note on Wednesday, July 22nd.
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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