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

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 report issued on Saturday.

Maui Land & Pineapple Stock Performance

MLP traded down $0.71 on Friday, reaching $17.46. The company had a trading volume of 9,065 shares, compared to its average volume of 17,229. Maui Land & Pineapple has a 1 year low of $14.05 and a 1 year high of $26.46. The stock has a market capitalization of $344.56 million, a PE ratio of -23.27 and a beta of 0.78. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average price of $16.74 and a 200-day moving average price of $17.95.

Maui Land & Pineapple (NYSE:MLP - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The financial services provider reported ($0.44) earnings per share for the quarter. Maui Land & Pineapple had a negative net margin of 98.43% and a negative return on equity of 45.76%. The company had revenue of $5.80 million during the quarter.

Insiders Place Their Bets

In other Maui Land & Pineapple news, Director Stephen M. Case bought 3,339 shares of Maui Land & Pineapple stock in a transaction dated Friday, June 13th. The stock was acquired at an average cost of $17.43 per share, with a total value of $58,198.77. Following the completion of the acquisition, the director owned 11,921,445 shares of the company's stock, valued at approximately $207,790,786.35. This represents a 0.03% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired 9,409 shares of company stock valued at $154,161 over the last three months. 65.88% of the stock is owned by insiders.

Institutional Investors Weigh In On Maui Land & Pineapple

Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in shares of Maui Land & Pineapple in the fourth quarter valued at about $1,648,000. First Hawaiian Bank purchased a new stake in shares of Maui Land & Pineapple in the first quarter valued at about $52,710,000. JPMorgan Chase & Co. raised its holdings in shares of Maui Land & Pineapple by 374.6% in the fourth quarter. JPMorgan Chase & Co. now owns 26,344 shares of the financial services provider's stock valued at $579,000 after buying an additional 20,793 shares during the last quarter. Bank of America Corp DE raised its holdings in Maui Land & Pineapple by 27.3% during the fourth quarter. Bank of America Corp DE now owns 10,181 shares of the financial services provider's stock worth $224,000 after purchasing an additional 2,182 shares in the last quarter. Finally, NBC Securities Inc. raised its holdings in Maui Land & Pineapple by 127,223.5% during the first quarter. NBC Securities Inc. now owns 43,290 shares of the financial services provider's stock worth $760,000 after purchasing an additional 43,256 shares in the last quarter. 24.55% of the stock is owned by hedge funds and other institutional investors.

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.