Jennison Associates LLC grew its holdings in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) by 42.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 58,461 shares of the financial services provider's stock after purchasing an additional 17,284 shares during the period. Jennison Associates LLC owned approximately 0.08% of Alexander & Baldwin worth $1,007,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of America Corp DE raised its stake in shares of Alexander & Baldwin by 321.2% in the fourth quarter. Bank of America Corp DE now owns 355,240 shares of the financial services provider's stock worth $6,302,000 after purchasing an additional 270,907 shares during the last quarter. Northern Trust Corp grew its holdings in Alexander & Baldwin by 23.5% during the fourth quarter. Northern Trust Corp now owns 1,020,845 shares of the financial services provider's stock valued at $18,110,000 after purchasing an additional 194,534 shares during the period. GAMMA Investing LLC grew its holdings in Alexander & Baldwin by 2,211.5% during the first quarter. GAMMA Investing LLC now owns 33,909 shares of the financial services provider's stock valued at $584,000 after purchasing an additional 32,442 shares during the period. Diversified Trust Co purchased a new stake in shares of Alexander & Baldwin during the first quarter worth $606,000. Finally, Intech Investment Management LLC raised its position in shares of Alexander & Baldwin by 167.5% in the fourth quarter. Intech Investment Management LLC now owns 33,986 shares of the financial services provider's stock worth $603,000 after buying an additional 21,283 shares in the last quarter. Institutional investors own 91.29% of the company's stock.
Alexander & Baldwin Price Performance
NYSE ALEX traded up $0.08 during trading hours on Thursday, reaching $18.03. 141,312 shares of the stock traded hands, compared to its average volume of 432,499. The stock has a 50 day simple moving average of $17.85 and a two-hundred day simple moving average of $17.54. Alexander & Baldwin Holdings, Inc. has a 1 year low of $15.70 and a 1 year high of $20.30. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 21.23 and a beta of 1.01.
About Alexander & Baldwin
(
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.
Featured Articles
Before you consider Alexander & Baldwin, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alexander & Baldwin wasn't on the list.
While Alexander & Baldwin currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
