Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Friday.

Alexander & Baldwin Holdings (NYSE ALEX) opened at 46.38 on Friday. The stock’s 50 day moving average is $44.48 and its 200 day moving average is $43.19. The company has a market cap of $2.28 billion, a P/E ratio of 235.43 and a beta of 1.46. Alexander & Baldwin Holdings has a 1-year low of $36.98 and a 1-year high of $46.96.

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In other Alexander & Baldwin Holdings news, Director Stanley M. Kuriyama sold 4,250 shares of the stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $43.45, for a total transaction of $184,662.50. Following the completion of the sale, the director now owns 255,883 shares of the company’s stock, valued at approximately $11,118,116.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 12,750 shares of company stock valued at $547,825 in the last three months. 7.60% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. IFP Advisors Inc boosted its position in Alexander & Baldwin Holdings by 1.0% during the 2nd quarter. IFP Advisors Inc now owns 2,606 shares of the financial services provider’s stock valued at $108,000 after buying an additional 26 shares during the period. LS Investment Advisors LLC boosted its position in Alexander & Baldwin Holdings by 17.6% during the 2nd quarter. LS Investment Advisors LLC now owns 3,673 shares of the financial services provider’s stock valued at $152,000 after buying an additional 550 shares during the period. Riverhead Capital Management LLC boosted its position in Alexander & Baldwin Holdings by 66.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,830 shares of the financial services provider’s stock valued at $159,000 after buying an additional 1,530 shares during the period. Flinton Capital Management LLC boosted its position in Alexander & Baldwin Holdings by 62.8% during the 2nd quarter. Flinton Capital Management LLC now owns 4,284 shares of the financial services provider’s stock valued at $177,000 after buying an additional 1,652 shares during the period. Finally, Two Sigma Securities LLC purchased a new stake in Alexander & Baldwin Holdings during the 1st quarter valued at $211,000. 74.16% of the stock is owned by institutional investors and hedge funds.

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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