Alexander & Baldwin (NYSE:ALEX) Coverage Initiated by Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Alexander & Baldwin (NYSE:ALEX – Get Rating) in a report issued on Thursday. The brokerage set a “hold” rating on the financial services provider’s stock.

Alexander & Baldwin Trading Down 0.1 %

Shares of NYSE ALEX opened at $18.19 on Thursday. Alexander & Baldwin has a fifty-two week low of $15.80 and a fifty-two week high of $24.15. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.44 and a current ratio of 0.44. The company has a market cap of $1.32 billion, a price-to-earnings ratio of -25.62 and a beta of 1.30. The business’s 50 day moving average price is $19.21 and its 200-day moving average price is $18.83.

Institutional Trading of Alexander & Baldwin

Several institutional investors and hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in Alexander & Baldwin during the fourth quarter worth $285,000. Quadrant Capital Group LLC lifted its stake in shares of Alexander & Baldwin by 193.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,820 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 1,199 shares during the last quarter. Wipfli Financial Advisors LLC purchased a new stake in shares of Alexander & Baldwin during the 3rd quarter worth $35,000. CKW Financial Group boosted its position in Alexander & Baldwin by 67.0% during the fourth quarter. CKW Financial Group now owns 2,304 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 924 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Alexander & Baldwin by 116.8% in the third quarter. Tower Research Capital LLC TRC now owns 5,640 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 3,038 shares during the last quarter. 85.56% of the stock is currently owned by institutional investors.

About Alexander & Baldwin

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Alexander & Baldwin, Inc engages in real estate business. It operates through the following segments: Commercial Real Estate, Land Operations, and Materials and Construction. The Commercial Real Estate segment includes investments and acquisitions, construction and development, in-house leasing and property management, and asset management.