Maui Land & Pineapple (NYSE:MLP) Downgraded by Wall Street Zen to "Strong Sell"

Key Points

• Wall Street Zen downgraded Maui Land & Pineapple to “Strong Sell” from “Sell”; Weiss Ratings also lowered its rating, and MarketBeat reports a consensus “Sell” rating.
• Shares opened at $14.73, within a 52-week range of $13.76 to $19.92, and were below both their 50-day and 200-day moving averages.
• The company reported a quarterly loss of $0.08 per share on $3.70 million in revenue, with a negative net margin of 28.65%.

Maui Land & Pineapple (NYSE:MLP - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "sell" rating to a "strong sell" rating in a note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings downgraded shares of Maui Land & Pineapple from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Monday, October 19th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has a consensus rating of "Sell".

Maui Land & Pineapple Price Performance

Shares of MLP opened at $14.73 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.28. Maui Land & Pineapple has a 1 year low of $13.76 and a 1 year high of $19.92. The stock has a market cap of $292.64 million, a P/E ratio of -64.06 and a beta of 0.68. The stock's 50-day moving average price is $15.29 and its two-hundred day moving average price is $16.25.

Maui Land & Pineapple (NYSE:MLP - Get Free Report) last posted its earnings results on Friday, August 14th. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter. The company had revenue of $3.70 million for the quarter. Maui Land & Pineapple had a negative return on equity of 14.25% and a negative net margin of 28.65%.

Institutional Investors Weigh In On Maui Land & Pineapple

Several large investors have recently modified their holdings of the business. Valueworks LLC acquired a new stake in shares of Maui Land & Pineapple during the second quarter worth about $22,007,000. TSP Capital Management Group LLC lifted its holdings in shares of Maui Land & Pineapple by 0.6% during the 3rd quarter. TSP Capital Management Group LLC now owns 1,105,301 shares of the financial services provider's stock valued at $17,630,000 after purchasing an additional 6,400 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Maui Land & Pineapple in the 2nd quarter valued at approximately $9,994,000. Russell Investments Group Ltd. grew its position in shares of Maui Land & Pineapple by 843.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 41,877 shares of the financial services provider's stock valued at $668,000 after purchasing an additional 37,438 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in shares of Maui Land & Pineapple in the 2nd quarter valued at approximately $345,000. 24.55% of the stock is currently owned by institutional investors.

Maui Land & Pineapple Company Profile

Maui Land & Pineapple Company, Inc. is a landholding and operating company focused on West Maui, Hawaii. Its activities include land planning and development, real estate leasing, and management of land and related resources. The company owns approximately 22,000 acres on Maui, including land in and around the Kapalua resort community. Through its operations, it is involved in residential and commercial property, resort-area planning, and water services. Maui Land & Pineapple has historical roots in the island's agricultural economy, including pineapple production.

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