Meredith Ching Sells 700 Shares of Alexander & Baldwin (NYSE:ALEX) Stock

Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) VP Meredith Ching sold 700 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $15.48, for a total value of $10,836.00. Following the transaction, the vice president directly owned 146,149 shares of the company’s stock, valued at approximately $2,262,386.52. This represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Alexander & Baldwin Stock Performance

Shares of ALEX stock traded up $0.02 during trading hours on Monday, hitting $15.54. The stock had a trading volume of 500,034 shares, compared to its average volume of 434,689. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.20 and a quick ratio of 0.20. The firm has a market capitalization of $1.13 billion, a PE ratio of 14.52, a PEG ratio of 1.47 and a beta of 1.09. Alexander & Baldwin Holdings, Inc. has a twelve month low of $15.39 and a twelve month high of $19.97. The stock’s 50 day moving average is $17.46 and its 200 day moving average is $17.79.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ALEX. Piper Sandler set a $21.00 price objective on shares of Alexander & Baldwin in a research note on Monday, November 3rd. Weiss Ratings lowered shares of Alexander & Baldwin from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Finally, JMP Securities restated a “market perform” rating on shares of Alexander & Baldwin in a research note on Tuesday, September 2nd. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $21.00.

Hedge Funds Weigh In On Alexander & Baldwin

Several large investors have recently made changes to their positions in the business. Evelyn Partners Asset Management Ltd acquired a new stake in shares of Alexander & Baldwin in the 2nd quarter valued at $25,000. Jones Financial Companies Lllp acquired a new position in Alexander & Baldwin during the 1st quarter worth approximately $41,000. Parallel Advisors LLC increased its position in shares of Alexander & Baldwin by 76.7% in the second quarter. Parallel Advisors LLC now owns 2,462 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 1,069 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of Alexander & Baldwin during the 2nd quarter worth approximately $46,000. Finally, GAMMA Investing LLC grew its holdings in Alexander & Baldwin by 52.5% in the 3rd quarter. GAMMA Investing LLC now owns 2,736 shares of the financial services provider’s stock valued at $50,000 after buying an additional 942 shares in the last quarter. Institutional investors and hedge funds own 91.29% of the company’s stock.

Alexander & Baldwin Company Profile

Alexander & Baldwin, Inc engages in the real estate business. It operates through the Commercial Real Estate and Land Operations segments. The Commercial Real Estate segment includes investments and acquisitions, construction and development, and in-house leasing and property management. The Land Operations segment consists of legacy landholdings, assets, and liabilities subject to the company’s simplification and monetization effort.