Fox Run Management L.L.C. Sells 19,830 Shares of Alexander & Baldwin Holdings, Inc. $ALEX

Key Points

• Fox Run Management L.L.C. has sold 19,830 shares of Alexander & Baldwin, reducing its holdings by 46.9%, leaving it with 22,474 shares valued at approximately $387,000.
• Other institutional investors also increased their stakes, with Resona Asset Management and HighTower Advisors growing holdings by 9.7% and 39.1%, respectively, reflecting significant interest in Alexander & Baldwin.
• The company declared a quarterly dividend of $0.225 per share, resulting in an annualized dividend of $0.90 and a dividend yield of 4.9%.

Fox Run Management L.L.C. reduced its position in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) by 46.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,474 shares of the financial services provider's stock after selling 19,830 shares during the period. Fox Run Management L.L.C.'s holdings in Alexander & Baldwin were worth $387,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Resona Asset Management Co. Ltd. grew its holdings in shares of Alexander & Baldwin by 9.7% during the first quarter. Resona Asset Management Co. Ltd. now owns 31,538 shares of the financial services provider's stock worth $542,000 after purchasing an additional 2,777 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of Alexander & Baldwin by 39.1% during the first quarter. HighTower Advisors LLC now owns 82,939 shares of the financial services provider's stock worth $1,429,000 after purchasing an additional 23,322 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Alexander & Baldwin by 27.2% during the first quarter. Public Sector Pension Investment Board now owns 230,294 shares of the financial services provider's stock worth $3,968,000 after purchasing an additional 49,299 shares during the last quarter. Nuveen LLC bought a new stake in shares of Alexander & Baldwin during the first quarter worth about $8,116,000. Finally, Aigen Investment Management LP grew its holdings in shares of Alexander & Baldwin by 123.1% during the first quarter. Aigen Investment Management LP now owns 28,514 shares of the financial services provider's stock worth $491,000 after purchasing an additional 15,731 shares during the last quarter. 91.29% of the stock is currently owned by institutional investors.

Alexander & Baldwin Stock Performance

NYSE:ALEX opened at $18.25 on Tuesday. The stock has a market cap of $1.33 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 1.64 and a beta of 1.04. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.44. The stock's 50-day moving average is $18.03 and its 200-day moving average is $17.64. Alexander & Baldwin Holdings, Inc. has a 1-year low of $15.70 and a 1-year high of $20.11.

Alexander & Baldwin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Friday, September 12th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Friday, September 12th. Alexander & Baldwin's payout ratio is 84.11%.

Alexander & Baldwin Company Profile

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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