Insider Selling: Alexander & Baldwin Holdings, Inc. (ALEX) Director Sells 4,250 Shares of Stock
Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) Director Stanley M. Kuriyama sold 4,250 shares of the stock in a transaction on Wednesday, January 11th. The stock was sold at an average price of $43.80, for a total value of $186,150.00. Following the completion of the sale, the director now owns 220,986 shares in the company, valued at approximately $9,679,186.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) opened at 44.67 on Friday. The company has a 50 day moving average price of $44.35 and a 200-day moving average price of $40.56. Alexander & Baldwin Holdings, Inc. has a 12 month low of $28.82 and a 12 month high of $46.43. The stock’s market cap is $2.19 billion.
Alexander & Baldwin Holdings (NYSE:ALEX) last posted its earnings results on Thursday, October 27th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by $0.21. Alexander & Baldwin Holdings had a positive return on equity of 2.81% and a negative net margin of 4.73%. The company earned $138.70 million during the quarter, compared to the consensus estimate of $139.08 million. During the same period last year, the firm posted $0.11 EPS. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. On average, equities research analysts predict that Alexander & Baldwin Holdings, Inc. will post $0.97 earnings per share for the current year.
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A number of large investors have recently bought and sold shares of the company. LS Investment Advisors LLC increased its stake in Alexander & Baldwin Holdings by 73.3% in the second quarter. LS Investment Advisors LLC now owns 2,775 shares of the company’s stock worth $100,000 after buying an additional 1,174 shares during the period. Tower Research Capital LLC TRC bought a new stake in Alexander & Baldwin Holdings during the second quarter worth approximately $124,000. Cantab Capital Partners LLP increased its stake in Alexander & Baldwin Holdings by 1,618.2% in the second quarter. Cantab Capital Partners LLP now owns 5,842 shares of the company’s stock worth $211,000 after buying an additional 5,502 shares during the period. OLD National Bancorp IN increased its stake in Alexander & Baldwin Holdings by 4.0% in the second quarter. OLD National Bancorp IN now owns 6,048 shares of the company’s stock worth $219,000 after buying an additional 233 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in Alexander & Baldwin Holdings by 7.5% in the second quarter. Teacher Retirement System of Texas now owns 6,133 shares of the company’s stock worth $222,000 after buying an additional 428 shares during the period. 77.54% of the stock is owned by institutional investors and hedge funds.
About Alexander & Baldwin Holdings
Alexander & Baldwin, Inc (A&B) is engaged in real estate development, real estate leasing, materials and construction, and agribusiness. The Company operates in four segments: Real Estate Development and Sales, Real Estate Leasing, Materials and Construction, and Agribusiness. Real estate activities are conducted through A&B Properties, Inc and other subsidiaries of A&B.
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