Thrivent Financial For Lutherans lifted its position in shares of Alexander & Baldwin Inc (NYSE:ALEX) by 82.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,947 shares of the financial services provider’s stock after buying an additional 8,107 shares during the quarter. Thrivent Financial For Lutherans’ holdings in Alexander & Baldwin were worth $498,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ALEX. Schroder Investment Management Group purchased a new position in shares of Alexander & Baldwin during the 4th quarter valued at $158,000. Jane Street Group LLC purchased a new stake in Alexander & Baldwin in the 3rd quarter worth $271,000. Bank of Montreal Can lifted its stake in Alexander & Baldwin by 419.7% in the 4th quarter. Bank of Montreal Can now owns 10,717 shares of the financial services provider’s stock worth $298,000 after purchasing an additional 8,655 shares in the last quarter. New Mexico Educational Retirement Board purchased a new stake in Alexander & Baldwin in the 4th quarter worth $316,000. Finally, First Trust Advisors LP purchased a new stake in Alexander & Baldwin in the 3rd quarter worth $337,000. Institutional investors own 54.70% of the company’s stock.
Several analysts have commented on ALEX shares. TheStreet cut shares of Alexander & Baldwin from a “b-” rating to a “c” rating in a research note on Tuesday, November 28th. JMP Securities upgraded shares of Alexander & Baldwin from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 20th.
Shares of Alexander & Baldwin Inc (NYSE ALEX) opened at $22.81 on Monday. Alexander & Baldwin Inc has a fifty-two week low of $21.78 and a fifty-two week high of $46.96. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.97. The firm has a market cap of $1,642.32, a PE ratio of 6.03 and a beta of 1.38.
Alexander & Baldwin (NYSE:ALEX) last posted its earnings results on Wednesday, February 28th. The financial services provider reported $0.19 earnings per share for the quarter. Alexander & Baldwin had a net margin of 53.70% and a return on equity of 2.92%. The firm had revenue of $122.70 million for the quarter.
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Alexander & Baldwin Company Profile
Alexander & Baldwin, Inc (A&B) is a real estate company. The Company operates through three segments: Commercial Real Estate, Land Operations, and Materials and Construction. In addition to its 15 retail centers in Hawaii, the Company owned seven industrial assets, seven office properties and a portfolio of urban ground leases comprising 106 acres in Hawaii, as of December 31, 2016.
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