Wall Street Zen Upgrades Maui Land & Pineapple (NYSE:MLP) to Hold

Key Points

• Maui Land & Pineapple has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, indicating a shift in analyst sentiment towards the stock.
• The company's most recent earnings report showed a loss of ($0.05) per share, with a revenue of $4.60 million and a negative return on equity of 44.04%.
• Insiders have been active in the stock, with Director Stephen M. Case acquiring over 3,000 shares, while institutional investors now hold approximately 24.55% of the company's stock.

Maui Land & Pineapple (NYSE:MLP - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Saturday.

Maui Land & Pineapple Stock Performance

Shares of NYSE MLP traded down $0.3350 during trading hours on Friday, hitting $16.0650. 38,263 shares of the company's stock were exchanged, compared to its average volume of 14,870. Maui Land & Pineapple has a 1-year low of $14.05 and a 1-year high of $26.46. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.77 and a quick ratio of 0.80. The stock has a market capitalization of $317.12 million, a price-to-earnings ratio of -22.63 and a beta of 0.81. The company's 50-day moving average price is $17.28 and its 200-day moving average price is $17.31.

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

Insider Buying and Selling at Maui Land & Pineapple

In other Maui Land & Pineapple news, Director Stephen M. Case acquired 3,339 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was acquired at an average price of $17.43 per share, with a total value of $58,198.77. Following the transaction, the director owned 11,921,445 shares of the company's stock, valued at approximately $207,790,786.35. This trade represents a 0.03% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders bought 9,409 shares of company stock worth $154,161. 65.88% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Maui Land & Pineapple

Several large investors have recently added to or reduced their stakes in MLP. Strs Ohio acquired a new position in Maui Land & Pineapple in the 1st quarter valued at approximately $26,000. Tower Research Capital LLC TRC raised its holdings in Maui Land & Pineapple by 339.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the financial services provider's stock valued at $51,000 after acquiring an additional 2,177 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Maui Land & Pineapple by 115.0% in the 4th quarter. Wells Fargo & Company MN now owns 5,208 shares of the financial services provider's stock valued at $114,000 after acquiring an additional 2,786 shares in the last quarter. Deutsche Bank AG raised its holdings 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 acquiring an additional 4,807 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Maui Land & Pineapple in the 1st quarter valued at approximately $181,000. Institutional investors and hedge funds own 24.55% of the company's stock.

Maui Land & Pineapple Company 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.