Alexander & Baldwin Holdings, Inc. $ALEX Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its position in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 198.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 101,922 shares of the financial services provider’s stock after buying an additional 67,729 shares during the period. Y Intercept Hong Kong Ltd owned 0.14% of Alexander & Baldwin worth $1,817,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New York State Teachers Retirement System raised its position in shares of Alexander & Baldwin by 1.3% in the first quarter. New York State Teachers Retirement System now owns 126,891 shares of the financial services provider’s stock worth $2,186,000 after acquiring an additional 1,680 shares during the period. Principal Financial Group Inc. increased its stake in shares of Alexander & Baldwin by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 361,720 shares of the financial services provider’s stock valued at $6,232,000 after purchasing an additional 9,482 shares in the last quarter. Rock Point Advisors LLC raised its holdings in Alexander & Baldwin by 1.0% in the 1st quarter. Rock Point Advisors LLC now owns 214,800 shares of the financial services provider’s stock worth $3,701,000 after purchasing an additional 2,190 shares during the period. Cerity Partners LLC acquired a new position in Alexander & Baldwin in the 1st quarter worth about $280,000. Finally, New York State Common Retirement Fund boosted its position in Alexander & Baldwin by 6.7% during the first quarter. New York State Common Retirement Fund now owns 22,185 shares of the financial services provider’s stock worth $382,000 after purchasing an additional 1,400 shares in the last quarter. Hedge funds and other institutional investors own 91.29% of the company’s stock.

Alexander & Baldwin Price Performance

Shares of Alexander & Baldwin stock opened at $15.94 on Friday. The stock has a market capitalization of $1.16 billion, a P/E ratio of 14.90, a PEG ratio of 1.47 and a beta of 1.04. The business has a 50 day simple moving average of $17.89 and a two-hundred day simple moving average of $17.83. Alexander & Baldwin Holdings, Inc. has a 12 month low of $15.70 and a 12 month high of $19.97. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.20 and a quick ratio of 0.20.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Weiss Ratings downgraded Alexander & Baldwin from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. JMP Securities reissued a “market perform” rating on shares of Alexander & Baldwin in a report on Tuesday, September 2nd. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.00.

About Alexander & Baldwin

Alexander & Baldwin, Inc engages in the real estate business. It operates through the Commercial Real Estate and Land Operations segments. The Commercial Real Estate segment includes investments and acquisitions, construction and development, and in-house leasing and property management. The Land Operations segment consists of legacy landholdings, assets, and liabilities subject to the company’s simplification and monetization effort.