Los Angeles Capital Management LLC Reduces Position in Alexander & Baldwin Holdings, Inc. $ALEX

Los Angeles Capital Management LLC decreased its holdings in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 16.1% in the second quarter, HoldingsChannel reports. The fund owned 28,655 shares of the financial services provider’s stock after selling 5,482 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Alexander & Baldwin were worth $511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Alexander & Baldwin by 1.5% during the first quarter. Vanguard Group Inc. now owns 11,650,160 shares of the financial services provider’s stock valued at $200,732,000 after purchasing an additional 172,992 shares in the last quarter. Millennium Management LLC increased its position in Alexander & Baldwin by 81.8% in the first quarter. Millennium Management LLC now owns 737,931 shares of the financial services provider’s stock worth $12,715,000 after buying an additional 331,969 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Alexander & Baldwin by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 663,380 shares of the financial services provider’s stock worth $11,828,000 after buying an additional 22,735 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Alexander & Baldwin by 5.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 524,469 shares of the financial services provider’s stock valued at $9,037,000 after buying an additional 24,904 shares in the last quarter. Finally, Regency Capital Management Inc. DE lifted its position in shares of Alexander & Baldwin by 21.7% during the 1st quarter. Regency Capital Management Inc. DE now owns 524,304 shares of the financial services provider’s stock valued at $9,034,000 after buying an additional 93,557 shares in the last quarter. 91.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ALEX. JMP Securities reissued a “market perform” rating on shares of Alexander & Baldwin in a report on Tuesday, September 2nd. Piper Sandler set a $21.00 price objective on shares of Alexander & Baldwin in a research note on Monday, November 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Alexander & Baldwin in a research report on Thursday. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Alexander & Baldwin presently has an average rating of “Hold” and an average target price of $21.00.

Alexander & Baldwin Stock Down 0.6%

NYSE ALEX opened at $15.93 on Friday. Alexander & Baldwin Holdings, Inc. has a 12 month low of $15.39 and a 12 month high of $19.95. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.44. The stock has a market cap of $1.16 billion, a PE ratio of 14.88, a P/E/G ratio of 1.47 and a beta of 1.09. The stock’s 50 day moving average is $17.20 and its 200 day moving average is $17.75.

Alexander & Baldwin (NYSE:ALEX) last released its quarterly earnings data on Friday, October 31st. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.08). Alexander & Baldwin had a net margin of 33.94% and a return on equity of 7.81%. The company had revenue of $50.25 million for the quarter, compared to the consensus estimate of $50.69 million. Research analysts predict that Alexander & Baldwin Holdings, Inc. will post 1.35 EPS for the current fiscal year.

About Alexander & Baldwin

Alexander & Baldwin, Inc engages in the real estate business. It operates through the Commercial Real Estate and Land Operations segments. The Commercial Real Estate segment includes investments and acquisitions, construction and development, and in-house leasing and property management. The Land Operations segment consists of legacy landholdings, assets, and liabilities subject to the company’s simplification and monetization effort.