Alexander & Baldwin (NYSE:ALEX - Get Free Report)'s stock had its "market perform" rating reaffirmed by equities researchers at JMP Securities in a report issued on Tuesday,Benzinga reports.
Alexander & Baldwin Stock Performance
Shares of NYSE:ALEX traded up $0.18 during trading on Tuesday, hitting $19.14. 242,541 shares of the company traded hands, compared to its average volume of 273,949. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.44. The business's fifty day moving average is $18.30 and its 200-day moving average is $17.74. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 1.70 and a beta of 1.07. Alexander & Baldwin has a one year low of $15.70 and a one year high of $20.11.
Institutional Trading of Alexander & Baldwin
Several large investors have recently added to or reduced their stakes in the business. Evelyn Partners Asset Management Ltd bought a new stake in shares of Alexander & Baldwin in the 2nd quarter worth approximately $25,000. Jones Financial Companies Lllp acquired a new stake in shares of Alexander & Baldwin during the 1st quarter valued at $41,000. Parallel Advisors LLC lifted its position in shares of Alexander & Baldwin by 76.7% during the 2nd quarter. Parallel Advisors LLC now owns 2,462 shares of the financial services provider's stock valued at $44,000 after acquiring an additional 1,069 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of Alexander & Baldwin during the 2nd quarter worth $46,000. Finally, CWM LLC boosted its stake in shares of Alexander & Baldwin by 188.2% during the 2nd quarter. CWM LLC now owns 3,213 shares of the financial services provider's stock worth $57,000 after acquiring an additional 2,098 shares in the last quarter. 91.29% of the stock is currently owned by institutional investors and hedge funds.
About Alexander & Baldwin
(
Get Free Report)
Alexander & Baldwin, Inc engages in the real estate business. It operates through the Commercial Real Estate and Land Operations segments. The Commercial Real Estate segment includes investments and acquisitions, construction and development, and in-house leasing and property management. The Land Operations segment consists of legacy landholdings, assets, and liabilities subject to the company's simplification and monetization effort.
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