Journey Advisory Group LLC Cuts Stake in Maui Land & Pineapple Company, Inc. $MLP

Key Points

• Journey Advisory Group LLC has reduced its stake in Maui Land & Pineapple Company by 12.3%, owning 221,866 shares valued at approximately $4 million as of the latest SEC filing.
• Analysts have mixed views on Maui Land & Pineapple, with Wall Street Zen upgrading the stock from "sell" to "hold," while Weiss Ratings reaffirmed a "sell" rating, leading to a consensus rating of "Sell."
• Maui Land & Pineapple reported a negative net margin of 81.82% in its recent earnings, with a quarterly revenue of $4.6 million and an earnings per share of <-$0.05.

Journey Advisory Group LLC lessened its holdings in Maui Land & Pineapple Company, Inc. (NYSE:MLP - Free Report) by 12.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 221,866 shares of the financial services provider's stock after selling 31,228 shares during the period. Journey Advisory Group LLC owned approximately 1.12% of Maui Land & Pineapple worth $4,036,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Strs Ohio acquired a new stake in shares of Maui Land & Pineapple in the first quarter valued at $26,000. Deutsche Bank AG raised its position in Maui Land & Pineapple by 233.2% in the 1st quarter. Deutsche Bank AG now owns 6,868 shares of the financial services provider's stock valued at $121,000 after purchasing an additional 4,807 shares in the last quarter. Nuveen LLC acquired a new position in shares of Maui Land & Pineapple during the first quarter worth about $181,000. NBC Securities Inc. increased its stake in shares of Maui Land & Pineapple by 8.0% during the second quarter. NBC Securities Inc. now owns 46,740 shares of the financial services provider's stock worth $850,000 after buying an additional 3,450 shares during the period. Finally, Valueworks LLC increased its stake in shares of Maui Land & Pineapple by 14.5% during the first quarter. Valueworks LLC now owns 919,343 shares of the financial services provider's stock worth $16,153,000 after buying an additional 116,076 shares during the period. Hedge funds and other institutional investors own 24.55% of the company's stock.

Wall Street Analysts Forecast Growth

MLP has been the subject of several analyst reports. Wall Street Zen upgraded shares of Maui Land & Pineapple from a "sell" rating to a "hold" rating in a report on Sunday, September 7th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Maui Land & Pineapple in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Sell".

Maui Land & Pineapple Stock Performance

Shares of MLP opened at $16.14 on Monday. The company has a market capitalization of $318.50 million, a price-to-earnings ratio of -22.73 and a beta of 0.77. Maui Land & Pineapple Company, Inc. has a 52-week low of $14.05 and a 52-week high of $25.78. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average price of $17.58 and a 200 day moving average price of $16.89.

Maui Land & Pineapple (NYSE:MLP - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The financial services provider reported ($0.05) earnings per share for the quarter. The company had revenue of $4.60 million for the quarter. Maui Land & Pineapple had a negative return on equity of 45.87% and a negative net margin of 81.82%.

Insider Activity

In other news, Director Stephen M. Case bought 2,500 shares of the business's stock in a transaction dated Monday, September 8th. The shares were acquired at an average price of $16.91 per share, for a total transaction of $42,275.00. Following the completion of the transaction, the director owned 11,937,978 shares of the company's stock, valued at approximately $201,871,207.98. This trade represents a 0.02% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders bought a total of 12,500 shares of company stock worth $209,313 over the last 90 days. Company insiders own 65.88% of the company's stock.

Maui Land & Pineapple Profile

Maui Land & Pineapple Co, Inc is a landholding and operating company, which engages in the development, sale, and management of real estate. It operates through the following segments: Real Estate, Leasing, and Resort Amenities. The Real Estate segment includes land planning and entitlement, development, and sales activities.

Want to see what other hedge funds are holding MLP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Maui Land & Pineapple Company, Inc. (NYSE:MLP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.