Alexander & Baldwin Inc (NYSE:ALEX)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $20.14 and last traded at $20.14, with a volume of 11560 shares. The stock had previously closed at $20.66.
Separately, TheStreet lowered Alexander & Baldwin from a “c” rating to a “d+” rating in a research note on Monday, August 6th.
The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.59.
Alexander & Baldwin (NYSE:ALEX) last posted its quarterly earnings data on Thursday, August 2nd. The financial services provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.09). The business had revenue of $112.10 million during the quarter, compared to the consensus estimate of $99.93 million. Alexander & Baldwin had a return on equity of 6.28% and a net margin of 58.20%. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 earnings per share.
In related news, Director Stanley M. Kuriyama sold 6,300 shares of the business’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $23.51, for a total transaction of $148,113.00. Following the transaction, the director now directly owns 374,939 shares in the company, valued at $8,814,815.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 18,901 shares of company stock worth $429,179 over the last 90 days. Corporate insiders own 6.70% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Mount Yale Investment Advisors LLC bought a new position in Alexander & Baldwin during the first quarter valued at about $159,000. Point72 Asia Hong Kong Ltd increased its stake in Alexander & Baldwin by 416.1% during the first quarter. Point72 Asia Hong Kong Ltd now owns 7,948 shares of the financial services provider’s stock valued at $184,000 after acquiring an additional 6,408 shares during the period. GAM Holding AG bought a new position in Alexander & Baldwin during the second quarter valued at about $200,000. First Republic Investment Management Inc. bought a new position in Alexander & Baldwin during the second quarter valued at about $216,000. Finally, Amalgamated Bank bought a new position in Alexander & Baldwin during the first quarter valued at about $226,000. Hedge funds and other institutional investors own 74.90% of the company’s stock.
About Alexander & Baldwin (NYSE:ALEX)
Alexander & Baldwin, Inc is Hawai`i's premier commercial real estate company and the state's foremost owner of grocery-anchored retail centers. With a portfolio of approximately 87,000 acres in Hawai`i, A&B is the state's fourth largest private landowner. A&B is a fully integrated real estate investment trust and owns, operates and manages 3.3 million square feet of primarily retail and industrial space in Hawai`i.
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