Maui Land & Pineapple Company, Inc. (NYSE:MLP – Get Free Report)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $16.64 and traded as low as $16.56. Maui Land & Pineapple shares last traded at $16.5850, with a volume of 10,176 shares.
Wall Street Analyst Weigh In
Several brokerages have weighed in on MLP. Weiss Ratings downgraded shares of Maui Land & Pineapple from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, July 17th. Wall Street Zen cut shares of Maui Land & Pineapple from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Maui Land & Pineapple presently has an average rating of “Sell”.
Check Out Our Latest Stock Analysis on MLP
Maui Land & Pineapple Stock Performance
Maui Land & Pineapple (NYSE:MLP – Get Free Report) last issued its earnings results on Friday, May 15th. The financial services provider reported ($0.10) earnings per share (EPS) for the quarter. Maui Land & Pineapple had a negative net margin of 23.44% and a negative return on equity of 12.78%. The business had revenue of $3.40 million for the quarter.
Hedge Funds Weigh In On Maui Land & Pineapple
A number of hedge funds and other institutional investors have recently modified their holdings of MLP. Allspring Global Investments Holdings LLC bought a new stake in Maui Land & Pineapple in the 1st quarter valued at $159,000. TSP Capital Management Group LLC grew its position in shares of Maui Land & Pineapple by 0.3% during the first quarter. TSP Capital Management Group LLC now owns 1,102,001 shares of the financial services provider’s stock valued at $16,960,000 after purchasing an additional 3,560 shares in the last quarter. Barclays PLC grew its position in shares of Maui Land & Pineapple by 9.2% during the fourth quarter. Barclays PLC now owns 10,616 shares of the financial services provider’s stock valued at $180,000 after purchasing an additional 892 shares in the last quarter. Valueworks LLC increased its holdings in shares of Maui Land & Pineapple by 21.1% in the fourth quarter. Valueworks LLC now owns 1,201,935 shares of the financial services provider’s stock worth $20,361,000 after purchasing an additional 209,613 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Maui Land & Pineapple by 11.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,828 shares of the financial services provider’s stock worth $370,000 after purchasing an additional 2,189 shares during the last quarter. Institutional investors own 24.55% of the company’s stock.
Maui Land & Pineapple Company Profile
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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