Journey Advisory Group LLC Sells 69,777 Shares of Maui Land & Pineapple Company, Inc. $MLP

Journey Advisory Group LLC lowered its stake in shares of Maui Land & Pineapple Company, Inc. (NYSE:MLP) by 50.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 67,918 shares of the financial services provider’s stock after selling 69,777 shares during the quarter. Journey Advisory Group LLC’s holdings in Maui Land & Pineapple were worth $1,151,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of MLP. Valueworks LLC grew its holdings in Maui Land & Pineapple by 2.1% during the third quarter. Valueworks LLC now owns 992,322 shares of the financial services provider’s stock worth $18,497,000 after buying an additional 20,255 shares in the last quarter. Steinberganna Wealth Management bought a new stake in Maui Land & Pineapple during the third quarter worth $304,000. Raymond James Financial Inc. grew its holdings in Maui Land & Pineapple by 4.0% during the third quarter. Raymond James Financial Inc. now owns 77,540 shares of the financial services provider’s stock worth $1,445,000 after buying an additional 2,985 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Maui Land & Pineapple by 339.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the financial services provider’s stock worth $51,000 after buying an additional 2,177 shares in the last quarter. Finally, Strs Ohio bought a new stake in Maui Land & Pineapple during the first quarter worth $26,000. Institutional investors own 24.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Wall Street Zen upgraded Maui Land & Pineapple from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Maui Land & Pineapple in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Maui Land & Pineapple currently has a consensus rating of “Sell”.

Maui Land & Pineapple Stock Down 1.7%

Shares of NYSE:MLP opened at $16.10 on Tuesday. The company has a market capitalization of $319.91 million, a PE ratio of -29.81 and a beta of 0.69. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 1.24. The business has a fifty day moving average price of $16.25 and a two-hundred day moving average price of $16.34. Maui Land & Pineapple Company, Inc. has a 1 year low of $13.84 and a 1 year high of $20.34.

Maui Land & Pineapple (NYSE:MLP) last announced its quarterly earnings data on Tuesday, March 31st. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter. The business had revenue of $4.53 million during the quarter. Maui Land & Pineapple had a negative net margin of 54.37% and a negative return on equity of 35.32%.

Maui Land & Pineapple Profile

Maui Land & Pineapple Company, Inc (NYSE: MLP) is a real estate development and natural resource management enterprise headquartered in Kahului on the island of Maui, Hawaii. The company maintains a diversified portfolio of commercial, industrial, retail, hospitality and residential properties, primarily serving the local Maui market. Through its property management and leasing activities, MLP supports a range of tenants and projects designed to meet the evolving needs of residents, small businesses and visitors to the island.

Originally best known for its pineapple cultivation operations dating back to the early 20th century, MLP transitioned from its agricultural roots following the divestiture of its pineapple farming business in 2009.