Maui Land & Pineapple (NYSE:MLP) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Maui Land & Pineapple (NYSE:MLPFree Report) from a sell rating to a hold rating in a report issued on Monday.

Maui Land & Pineapple Trading Down 0.5 %

Shares of MLP stock opened at $21.55 on Monday. The company has a market capitalization of $422.81 million, a P/E ratio of -143.66 and a beta of 0.47. The business’s 50 day moving average is $20.07 and its two-hundred day moving average is $16.89. Maui Land & Pineapple has a 12-month low of $10.78 and a 12-month high of $22.84.

Hedge Funds Weigh In On Maui Land & Pineapple

Several hedge funds and other institutional investors have recently made changes to their positions in MLP. Dimensional Fund Advisors LP lifted its position in shares of Maui Land & Pineapple by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 252,647 shares of the financial services provider’s stock valued at $2,807,000 after acquiring an additional 2,111 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Maui Land & Pineapple by 1.1% in the first quarter. Vanguard Group Inc. now owns 287,176 shares of the financial services provider’s stock valued at $3,191,000 after acquiring an additional 3,215 shares in the last quarter. State Street Corp lifted its position in shares of Maui Land & Pineapple by 9.2% in the first quarter. State Street Corp now owns 26,192 shares of the financial services provider’s stock valued at $291,000 after acquiring an additional 2,200 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of Maui Land & Pineapple in the third quarter valued at approximately $123,000. Finally, Susquehanna International Group LLP purchased a new position in shares of Maui Land & Pineapple in the fourth quarter valued at approximately $110,000. Hedge funds and other institutional investors own 24.55% of the company’s stock.

Maui Land & Pineapple Company Profile

(Get Free Report)

Maui Land & Pineapple Company, Inc, together with its subsidiaries, develops, manages, and sells residential, resort, commercial, agricultural, and industrial real estate properties in the United States. It operates through Real Estate, Leasing, and Resort Amenities segments. The Real Estate segment is involved in the land planning and entitlement; and development and sale of its landholdings on Maui.

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