Pioneer Investment Management Inc. lowered its stake in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 25.5% during the second quarter, Holdings Channel reports. The firm owned 24,200 shares of the financial services provider’s stock after selling 8,300 shares during the period. Pioneer Investment Management Inc.’s holdings in Alexander & Baldwin Holdings were worth $1,001,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. increased its stake in Alexander & Baldwin Holdings by 21,246.3% in the first quarter. BlackRock Inc. now owns 5,164,741 shares of the financial services provider’s stock worth $229,934,000 after buying an additional 5,140,546 shares during the period. Vanguard Group Inc. increased its stake in Alexander & Baldwin Holdings by 5.2% in the first quarter. Vanguard Group Inc. now owns 3,686,330 shares of the financial services provider’s stock worth $164,116,000 after buying an additional 183,477 shares during the period. IronBridge Capital Management LP increased its stake in Alexander & Baldwin Holdings by 534.9% in the first quarter. IronBridge Capital Management LP now owns 205,130 shares of the financial services provider’s stock worth $9,132,000 after buying an additional 172,820 shares during the period. Dimensional Fund Advisors LP increased its stake in Alexander & Baldwin Holdings by 5.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,565,417 shares of the financial services provider’s stock worth $114,211,000 after buying an additional 143,883 shares during the period. Finally, Peregrine Capital Management LLC increased its stake in Alexander & Baldwin Holdings by 47.6% in the second quarter. Peregrine Capital Management LLC now owns 243,030 shares of the financial services provider’s stock worth $10,057,000 after buying an additional 78,361 shares during the period. 75.58% of the stock is owned by institutional investors.

Shares of Alexander & Baldwin Holdings, Inc. (ALEX) opened at 43.61 on Wednesday. The company has a market cap of $2.14 billion, a P/E ratio of 221.37 and a beta of 1.43. The firm has a 50-day moving average of $42.19 and a 200-day moving average of $43.17. Alexander & Baldwin Holdings, Inc. has a 52-week low of $36.98 and a 52-week high of $46.87.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Monday, August 7th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.64%. Alexander & Baldwin Holdings’s dividend payout ratio is currently 133.33%.

ILLEGAL ACTIVITY NOTICE: This piece was published by Watch List News and is owned by of Watch List News. If you are viewing this piece on another site, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be read at https://www.watchlistnews.com/pioneer-investment-management-inc-has-1-million-position-in-alexander-baldwin-holdings-inc-alex/1493529.html.

Separately, BidaskClub raised shares of Alexander & Baldwin Holdings from a “sell” rating to a “hold” rating in a research report on Friday, August 11th.

In other Alexander & Baldwin Holdings news, Director Stanley M. Kuriyama sold 4,250 shares of the firm’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $41.75, for a total value of $177,437.50. Following the completion of the transaction, the director now owns 260,133 shares of the company’s stock, valued at $10,860,552.75. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 7.60% of the company’s stock.

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.

Want to see what other hedge funds are holding ALEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alexander & Baldwin Holdings, Inc. (NYSE:ALEX).

Institutional Ownership by Quarter for Alexander & Baldwin Holdings (NYSE:ALEX)

Receive News & Ratings for Alexander & Baldwin Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexander & Baldwin Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.