Ceredex Value Advisors LLC lowered its holdings in Alexander & Baldwin Inc (NYSE:ALEX) by 5.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 915,111 shares of the financial services provider’s stock after selling 49,118 shares during the period. Ceredex Value Advisors LLC owned approximately 1.27% of Alexander & Baldwin worth $20,764,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of Alexander & Baldwin by 20.5% in the third quarter. JPMorgan Chase & Co. now owns 555,582 shares of the financial services provider’s stock valued at $12,606,000 after purchasing an additional 94,614 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Alexander & Baldwin by 32.7% in the third quarter. SG Americas Securities LLC now owns 47,315 shares of the financial services provider’s stock valued at $1,074,000 after purchasing an additional 11,655 shares in the last quarter. Reinhart Partners Inc. increased its holdings in shares of Alexander & Baldwin by 10.1% in the third quarter. Reinhart Partners Inc. now owns 230,157 shares of the financial services provider’s stock valued at $5,222,000 after purchasing an additional 21,188 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Alexander & Baldwin by 37.0% in the third quarter. First Trust Advisors LP now owns 126,024 shares of the financial services provider’s stock valued at $2,859,000 after purchasing an additional 34,018 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Alexander & Baldwin by 81.1% in the third quarter. Nisa Investment Advisors LLC now owns 35,719 shares of the financial services provider’s stock valued at $810,000 after purchasing an additional 16,000 shares in the last quarter. Institutional investors own 74.72% of the company’s stock.

Shares of Alexander & Baldwin stock opened at $21.39 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.85 and a quick ratio of 0.85. Alexander & Baldwin Inc has a fifty-two week low of $19.14 and a fifty-two week high of $45.47.

Alexander & Baldwin (NYSE:ALEX) last issued its quarterly earnings results on Thursday, November 1st. The financial services provider reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.09. The business had revenue of $119.40 million during the quarter, compared to analyst estimates of $107.27 million. Alexander & Baldwin had a net margin of 59.08% and a return on equity of 6.55%. Alexander & Baldwin’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.15 earnings per share.

In other Alexander & Baldwin news, Director Stanley M. Kuriyama sold 6,300 shares of Alexander & Baldwin stock in a transaction on Wednesday, October 3rd. The shares were sold at an average price of $21.65, for a total transaction of $136,395.00. Following the completion of the sale, the director now owns 362,339 shares of the company’s stock, valued at approximately $7,844,639.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders sold 18,901 shares of company stock valued at $416,264. 6.70% of the stock is currently owned by company insiders.

Separately, TheStreet lowered shares of Alexander & Baldwin from a “c” rating to a “d+” rating in a report on Monday, August 6th.

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

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