ValuEngine lowered shares of Maui Land & Pineapple (NYSE:MLP) from a buy rating to a hold rating in a research report report published on Monday morning, ValuEngine reports.

Shares of NYSE MLP traded down $0.35 during midday trading on Monday, reaching $12.55. The company’s stock had a trading volume of 199 shares, compared to its average volume of 13,753. The company has a 50 day moving average price of $10.98 and a 200 day moving average price of $10.67. Maui Land & Pineapple has a one year low of $9.70 and a one year high of $12.94. The company has a market cap of $238.45 million, a price-to-earnings ratio of 103.26 and a beta of 0.93.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC raised its holdings in shares of Maui Land & Pineapple by 101.3% in the 4th quarter. Barclays PLC now owns 6,752 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 3,397 shares in the last quarter. UBS Group AG raised its holdings in shares of Maui Land & Pineapple by 58.0% in the 4th quarter. UBS Group AG now owns 8,657 shares of the financial services provider’s stock worth $98,000 after purchasing an additional 3,178 shares in the last quarter. Everett Harris & Co. CA bought a new stake in shares of Maui Land & Pineapple in the 4th quarter worth approximately $113,000. Bfsg LLC bought a new stake in shares of Maui Land & Pineapple in the 3rd quarter worth approximately $175,000. Finally, State Street Corp raised its holdings in shares of Maui Land & Pineapple by 2.7% in the 4th quarter. State Street Corp now owns 90,700 shares of the financial services provider’s stock worth $1,020,000 after purchasing an additional 2,369 shares in the last quarter. Institutional investors and hedge funds own 15.90% of the company’s stock.

About Maui Land & Pineapple

Maui Land & Pineapple Company, Inc, together with its subsidiaries, develops, sells, and manages residential, resort, commercial, agricultural, and industrial real estate properties in the United States. The company operates through Real Estate, Leasing, Utilities, and Resort Amenities segments. The Real Estate segment is involved in the land planning and entitlement, development, and sales activities; and general brokerage real estate business.

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