Elkfork Partners LLC bought a new stake in shares of Alexander & Baldwin Inc (NYSE:ALEX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,862 shares of the financial services provider’s stock, valued at approximately $135,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its position in shares of Alexander & Baldwin by 2.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 132,722 shares of the financial services provider’s stock valued at $6,149,000 after purchasing an additional 3,165 shares during the last quarter. Comerica Bank boosted its holdings in Alexander & Baldwin by 1.7% during the 4th quarter. Comerica Bank now owns 216,668 shares of the financial services provider’s stock valued at $6,316,000 after acquiring an additional 3,558 shares during the period. Legal & General Group Plc boosted its holdings in Alexander & Baldwin by 10.0% during the 3rd quarter. Legal & General Group Plc now owns 39,357 shares of the financial services provider’s stock valued at $1,824,000 after acquiring an additional 3,582 shares during the period. Geode Capital Management LLC boosted its holdings in Alexander & Baldwin by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 379,110 shares of the financial services provider’s stock valued at $16,551,000 after acquiring an additional 3,770 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Alexander & Baldwin by 1.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 221,530 shares of the financial services provider’s stock valued at $6,146,000 after acquiring an additional 4,028 shares during the period. 54.70% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Stanley M. Kuriyama sold 6,300 shares of the business’s stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $24.30, for a total transaction of $153,090.00. Following the completion of the transaction, the director now owns 400,439 shares in the company, valued at approximately $9,730,667.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 18,900 shares of company stock valued at $468,216. 6.70% of the stock is owned by company insiders.
Alexander & Baldwin (NYSE:ALEX) last posted its quarterly earnings data on Wednesday, February 28th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter. Alexander & Baldwin had a return on equity of 2.92% and a net margin of 53.70%. The company had revenue of $122.70 million during the quarter.
Separately, JMP Securities upgraded Alexander & Baldwin from a “market perform” rating to an “outperform” rating in a report on Tuesday, February 20th.
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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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