Maui Land & Pineapple (NYSE:MLP - Get Free Report) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating in a note issued to investors on Monday.
Maui Land & Pineapple Stock Performance
Shares of MLP traded down $0.11 on Monday, reaching $21.55. The stock had a trading volume of 24,302 shares, compared to its average volume of 27,437. The firm has a market capitalization of $422.81 million, a price-to-earnings ratio of -143.66 and a beta of 0.47. The company has a 50-day simple moving average of $20.07 and a 200-day simple moving average of $16.89. Maui Land & Pineapple has a 12-month low of $10.78 and a 12-month high of $22.84.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in MLP. California State Teachers Retirement System purchased a new position in Maui Land & Pineapple during the second quarter valued at $36,000. BNP Paribas Financial Markets raised its stake in Maui Land & Pineapple by 122.0% during the fourth quarter. BNP Paribas Financial Markets now owns 2,455 shares of the financial services provider's stock valued at $39,000 after buying an additional 1,349 shares during the last quarter. Morgan Stanley raised its stake in Maui Land & Pineapple by 367.9% during the fourth quarter. Morgan Stanley now owns 4,562 shares of the financial services provider's stock valued at $43,000 after buying an additional 3,587 shares during the last quarter. Wells Fargo & Company MN raised its stake in Maui Land & Pineapple by 28.5% during the second quarter. Wells Fargo & Company MN now owns 3,126 shares of the financial services provider's stock valued at $45,000 after buying an additional 693 shares during the last quarter. Finally, BNP Paribas Arbitrage SNC raised its stake in Maui Land & Pineapple by 3,705.6% during the second quarter. BNP Paribas Arbitrage SNC now owns 3,425 shares of the financial services provider's stock valued at $49,000 after buying an additional 3,335 shares during the last quarter. Hedge funds and other institutional investors own 24.55% of the company's stock.
Maui Land & Pineapple Company Profile
(
Get Free Report)
Maui Land & Pineapple Company, Inc, together with its subsidiaries, develops, manages, and sells residential, resort, commercial, agricultural, and industrial real estate properties in the United States. It operates through Real Estate, Leasing, and Resort Amenities segments. The Real Estate segment is involved in the land planning and entitlement; and development and sale of its landholdings on Maui.
Recommended Stories
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.
Before you consider Maui Land & Pineapple, 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 Maui Land & Pineapple wasn't on the list.
While Maui Land & Pineapple currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
