Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Tuesday.

Alexander & Baldwin Holdings (ALEX) opened at $45.26 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.76 and a quick ratio of 0.76. Alexander & Baldwin Holdings has a 1 year low of $39.32 and a 1 year high of $46.96. The company has a market cap of $2,202.47, a P/E ratio of 48.16 and a beta of 1.46.

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In related news, Director Stanley M. Kuriyama sold 4,250 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $43.70, for a total value of $185,725.00. Following the sale, the director now directly owns 251,633 shares of the company’s stock, valued at $10,996,362.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 12,750 shares of company stock valued at $568,735 over the last 90 days. 7.60% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the business. IFP Advisors Inc raised its stake in shares of Alexander & Baldwin Holdings by 1.0% during the second quarter. IFP Advisors Inc now owns 2,606 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 26 shares in the last quarter. Meeder Asset Management Inc. raised its stake in shares of Alexander & Baldwin Holdings by 0.6% during the second quarter. Meeder Asset Management Inc. now owns 17,265 shares of the financial services provider’s stock worth $715,000 after acquiring an additional 97 shares in the last quarter. Amalgamated Bank raised its stake in shares of Alexander & Baldwin Holdings by 2.5% during the second quarter. Amalgamated Bank now owns 6,627 shares of the financial services provider’s stock worth $274,000 after acquiring an additional 162 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Alexander & Baldwin Holdings by 0.7% during the second quarter. PNC Financial Services Group Inc. now owns 37,342 shares of the financial services provider’s stock worth $1,546,000 after acquiring an additional 250 shares in the last quarter. Finally, State Treasurer State of Michigan raised its stake in shares of Alexander & Baldwin Holdings by 1.6% during the second quarter. State Treasurer State of Michigan now owns 19,020 shares of the financial services provider’s stock worth $787,000 after acquiring an additional 300 shares in the last quarter. 73.89% of the stock is currently owned by hedge funds and other institutional investors.

Alexander & Baldwin Holdings 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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