Alexander & Baldwin (ALEX) Reaches New 52-Week Low at $20.82
Alexander & Baldwin Inc (NYSE:ALEX)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $20.82 and last traded at $20.92, with a volume of 6746 shares trading hands. The stock had previously closed at $21.48.
Separately, TheStreet downgraded shares of Alexander & Baldwin from a “c” rating to a “d+” rating in a research note on Monday, August 6th.
The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.77.
In related news, Director Stanley M. Kuriyama sold 6,300 shares of Alexander & Baldwin stock in a transaction on Wednesday, October 3rd. The shares were sold at an average price of $21.65, for a total transaction of $136,395.00. Following the completion of the transaction, the director now owns 362,339 shares of the company’s stock, valued at $7,844,639.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 25,201 shares of company stock valued at $587,120 in the last three months. 6.70% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Alexander & Baldwin by 3.9% during the first quarter. BlackRock Inc. now owns 7,843,565 shares of the financial services provider’s stock worth $181,420,000 after buying an additional 293,705 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Alexander & Baldwin by 27.6% during the first quarter. Dimensional Fund Advisors LP now owns 2,989,540 shares of the financial services provider’s stock worth $69,148,000 after buying an additional 647,546 shares during the last quarter. Northern Trust Corp raised its stake in Alexander & Baldwin by 1.6% during the second quarter. Northern Trust Corp now owns 1,020,897 shares of the financial services provider’s stock worth $23,992,000 after buying an additional 15,780 shares during the last quarter. Nuveen Asset Management LLC raised its stake in Alexander & Baldwin by 901.5% during the first quarter. Nuveen Asset Management LLC now owns 800,899 shares of the financial services provider’s stock worth $18,524,000 after buying an additional 720,930 shares during the last quarter. Finally, Oakview Capital Management L.P. bought a new position in Alexander & Baldwin during the first quarter worth $15,517,000. 74.90% of the stock is owned by institutional investors and hedge funds.
Alexander & Baldwin Company Profile (NYSE:ALEX)
Alexander & Baldwin, Inc is Hawai`i's premier commercial real estate company and the state's foremost owner of grocery-anchored retail centers. With a portfolio of approximately 87,000 acres in Hawai`i, A&B is the state's fourth largest private landowner. A&B is a fully integrated real estate investment trust and owns, operates and manages 3.3 million square feet of primarily retail and industrial space in Hawai`i.
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