Isthmus Partners LLC Trims Stock Position in Alexander & Baldwin, Inc. (NYSE:ALEX)

Isthmus Partners LLC lessened its holdings in Alexander & Baldwin, Inc. (NYSE:ALEX) by 20.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 163,509 shares of the financial services provider’s stock after selling 41,902 shares during the period. Isthmus Partners LLC owned 0.23% of Alexander & Baldwin worth $3,139,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of Alexander & Baldwin by 103.3% in the third quarter. GAMMA Investing LLC now owns 1,494 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 759 shares in the last quarter. Rothschild Investment LLC purchased a new stake in shares of Alexander & Baldwin in the second quarter valued at about $35,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Alexander & Baldwin by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,818 shares of the financial services provider’s stock valued at $54,000 after buying an additional 727 shares during the period. KBC Group NV lifted its stake in shares of Alexander & Baldwin by 53.6% during the third quarter. KBC Group NV now owns 3,835 shares of the financial services provider’s stock valued at $74,000 after buying an additional 1,338 shares during the period. Finally, Quarry LP lifted its stake in shares of Alexander & Baldwin by 577.4% during the second quarter. Quarry LP now owns 5,047 shares of the financial services provider’s stock valued at $86,000 after buying an additional 4,302 shares during the period. Hedge funds and other institutional investors own 91.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ALEX. StockNews.com raised shares of Alexander & Baldwin from a “hold” rating to a “buy” rating in a research note on Monday. Alliance Global Partners initiated coverage on shares of Alexander & Baldwin in a research report on Thursday, August 8th. They set a “buy” rating and a $22.00 price target for the company. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $23.00 price target (up previously from $22.00) on shares of Alexander & Baldwin in a research report on Friday, October 25th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Alexander & Baldwin currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.67.

Alexander & Baldwin Price Performance

Shares of ALEX stock opened at $19.78 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47. Alexander & Baldwin, Inc. has a twelve month low of $15.53 and a twelve month high of $20.30. The firm has a fifty day simple moving average of $19.07 and a 200-day simple moving average of $18.35. The company has a market capitalization of $1.44 billion, a PE ratio of 31.90 and a beta of 1.26.

Alexander & Baldwin Company Profile

Alexander & Baldwin, Inc (NYSE: ALEX) (A&B) is the only publicly-traded real estate investment trust to focus exclusively on Hawai’i commercial real estate and is the state’s largest owner of grocery-anchored, neighborhood shopping centers. A&B owns, operates and manages approximately 3.9 million square feet of commercial space in Hawai’i, including 22 retail centers, 13 industrial assets and four office properties, as well as 142.0 acres of ground lease assets.