Alexander & Baldwin Inc (ALEX) Holdings Lifted by Oakview Capital Management L.P.
Oakview Capital Management L.P. boosted its holdings in Alexander & Baldwin Inc (NYSE:ALEX) by 7.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 650,147 shares of the financial services provider’s stock after buying an additional 42,870 shares during the period. Alexander & Baldwin makes up about 5.3% of Oakview Capital Management L.P.’s investment portfolio, making the stock its 13th largest position. Oakview Capital Management L.P. owned about 0.90% of Alexander & Baldwin worth $14,752,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. GAM Holding AG bought a new stake in shares of Alexander & Baldwin during the second quarter valued at approximately $200,000. First Republic Investment Management Inc. acquired a new stake in Alexander & Baldwin in the 2nd quarter valued at $216,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Alexander & Baldwin in the 2nd quarter valued at $261,000. Quantitative Systematic Strategies LLC acquired a new stake in Alexander & Baldwin in the 2nd quarter valued at $284,000. Finally, Raymond James & Associates acquired a new stake in Alexander & Baldwin in the 2nd quarter valued at $315,000. 74.72% of the stock is currently owned by institutional investors.
In other Alexander & Baldwin news, Director Stanley M. Kuriyama sold 6,300 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $21.46, for a total transaction of $135,198.00. Following the completion of the transaction, the director now owns 356,039 shares of the company’s stock, valued at $7,640,596.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 25,201 shares of company stock valued at $564,377 in the last ninety days. Insiders own 6.70% of the company’s stock.
Shares of ALEX stock opened at $21.36 on Tuesday. Alexander & Baldwin Inc has a one year low of $19.14 and a one year high of $45.47. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.58.
Alexander & Baldwin (NYSE:ALEX) last announced its earnings results on Thursday, November 1st. The financial services provider reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.09. Alexander & Baldwin had a net margin of 59.08% and a return on equity of 6.55%. The business had revenue of $119.40 million during the quarter, compared to the consensus estimate of $107.27 million. During the same quarter last year, the firm earned $0.15 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis.
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Alexander & Baldwin Profile
Alexander & Baldwin, Inc is Hawai`i's premier commercial real estate company and the state's foremost owner of grocery-anchored retail centers. With a portfolio of approximately 87,000 acres in Hawai`i, A&B is the state's fourth largest private landowner. A&B is a fully integrated real estate investment trust and owns, operates and manages 3.3 million square feet of primarily retail and industrial space in Hawai`i.
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