Maui Land & Pineapple (NYSE:MLP) Stock Crosses Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Technical signal: Shares of Maui Land & Pineapple fell below its 200‑day moving average (200‑day MA $16.75), trading as low as $15.43 and last at $15.535 (down ~2.2%) on volume of 36,051 shares.
• Analyst and valuation view: The stock carries an average rating of "Sell" despite a recent upgrade to "Hold" from one firm, and the company has a market cap of $306.66M with a negative P/E (−26.33).
• Institutional interest remains modest at about 24.55% ownership, with several funds (including Tower Research, Deutsche Bank, Wells Fargo and Barclays) recently increasing their stakes, indicating some buying by investors despite the downbeat analyst consensus.

Shares of Maui Land & Pineapple Company, Inc. (NYSE:MLP - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.75 and traded as low as $15.43. Maui Land & Pineapple shares last traded at $15.5350, with a volume of 36,051 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have commented on MLP shares. Wall Street Zen raised shares of Maui Land & Pineapple from a "sell" rating to a "hold" rating in a report on Saturday, January 17th. Weiss Ratings reissued a "sell (d-)" rating on shares of Maui Land & Pineapple in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Maui Land & Pineapple presently has an average rating of "Sell".

Maui Land & Pineapple Trading Down 2.2%

The company has a market capitalization of $306.66 million, a P/E ratio of -26.33 and a beta of 0.66. The business has a 50 day moving average price of $16.78 and a 200 day moving average price of $16.75.

Hedge Funds Weigh In On Maui Land & Pineapple

Several institutional investors and hedge funds have recently made changes to their positions in MLP. Strs Ohio bought a new stake in shares of Maui Land & Pineapple in the 1st quarter valued at $26,000. Tower Research Capital LLC TRC lifted its holdings in Maui Land & Pineapple by 339.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the financial services provider's stock worth $51,000 after acquiring an additional 2,177 shares in the last quarter. Deutsche Bank AG lifted its holdings in Maui Land & Pineapple by 23.4% during the fourth quarter. Deutsche Bank AG now owns 5,264 shares of the financial services provider's stock worth $89,000 after acquiring an additional 999 shares in the last quarter. Wells Fargo & Company MN grew its stake in Maui Land & Pineapple by 75.8% in the fourth quarter. Wells Fargo & Company MN now owns 7,477 shares of the financial services provider's stock valued at $127,000 after acquiring an additional 3,224 shares during the period. Finally, Barclays PLC grew its stake in Maui Land & Pineapple by 9.2% in the fourth quarter. Barclays PLC now owns 10,616 shares of the financial services provider's stock valued at $180,000 after acquiring an additional 892 shares during the period. Institutional investors and hedge funds own 24.55% of the company's stock.

About Maui Land & Pineapple

Maui Land & Pineapple Company, Inc NYSE: MLP is a real estate development and natural resource management enterprise headquartered in Kahului on the island of Maui, Hawaii. The company maintains a diversified portfolio of commercial, industrial, retail, hospitality and residential properties, primarily serving the local Maui market. Through its property management and leasing activities, MLP supports a range of tenants and projects designed to meet the evolving needs of residents, small businesses and visitors to the island.

Originally best known for its pineapple cultivation operations dating back to the early 20th century, MLP transitioned from its agricultural roots following the divestiture of its pineapple farming business in 2009.

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