Arizona State Retirement System decreased its holdings in Alexander & Baldwin, Inc. (NYSE:ALEX – Free Report) by 3.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,390 shares of the financial services provider’s stock after selling 630 shares during the period. Arizona State Retirement System’s holdings in Alexander & Baldwin were worth $379,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its holdings in shares of Alexander & Baldwin by 500.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,752 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 1,460 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Alexander & Baldwin by 29.2% in the 2nd quarter. Exchange Traded Concepts LLC now owns 5,331 shares of the financial services provider’s stock valued at $99,000 after acquiring an additional 1,206 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Alexander & Baldwin in the 2nd quarter valued at about $100,000. State of Wyoming lifted its holdings in shares of Alexander & Baldwin by 132.9% in the 4th quarter. State of Wyoming now owns 6,156 shares of the financial services provider’s stock valued at $115,000 after acquiring an additional 3,513 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in Alexander & Baldwin in the 1st quarter worth about $231,000. Institutional investors own 84.93% of the company’s stock.
Alexander & Baldwin Stock Performance
Alexander & Baldwin stock opened at $16.87 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.23 and a quick ratio of 0.23. Alexander & Baldwin, Inc. has a 1-year low of $15.56 and a 1-year high of $20.75. The firm has a market capitalization of $1.23 billion, a P/E ratio of -31.24 and a beta of 1.30. The company’s 50-day moving average is $16.71 and its 200 day moving average is $17.96.
Analyst Upgrades and Downgrades
About Alexander & Baldwin
Alexander & Baldwin, Inc (NYSE: ALEX) (A&B) is the only publicly-traded real estate investment trust to focus exclusively on Hawai'i commercial real estate and is the state's largest owner of grocery-anchored, neighborhood shopping centers. A&B owns, operates and manages approximately 3.9 million square feet of commercial space in Hawai'i, including 22 retail centers, 13 industrial assets and four office properties, as well as 142.0 acres of ground leases.
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