Alexander & Baldwin Holdings, Inc. $ALEX Stake Lowered by Rhumbline Advisers

Rhumbline Advisers cut its stake in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 3.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 225,204 shares of the financial services provider’s stock after selling 7,882 shares during the quarter. Rhumbline Advisers owned approximately 0.31% of Alexander & Baldwin worth $3,880,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ALEX. Bank of America Corp DE grew its holdings in Alexander & Baldwin by 321.2% in the 4th quarter. Bank of America Corp DE now owns 355,240 shares of the financial services provider’s stock worth $6,302,000 after buying an additional 270,907 shares in the last quarter. D. E. Shaw & Co. Inc. grew its holdings in Alexander & Baldwin by 692.7% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 161,784 shares of the financial services provider’s stock worth $2,870,000 after buying an additional 141,376 shares in the last quarter. Deutsche Bank AG grew its holdings in Alexander & Baldwin by 30.7% in the 4th quarter. Deutsche Bank AG now owns 101,465 shares of the financial services provider’s stock worth $1,800,000 after buying an additional 23,805 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Alexander & Baldwin by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,388 shares of the financial services provider’s stock worth $734,000 after buying an additional 1,440 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in Alexander & Baldwin by 86.0% in the 4th quarter. Millennium Management LLC now owns 405,962 shares of the financial services provider’s stock worth $7,202,000 after buying an additional 187,760 shares in the last quarter. 91.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reissued a “market perform” rating on shares of Alexander & Baldwin in a report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $24.00.

Alexander & Baldwin Stock Performance

ALEX opened at $18.44 on Monday. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 1.65 and a beta of 1.07. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.20 and a quick ratio of 0.20. Alexander & Baldwin Holdings, Inc. has a 1-year low of $15.70 and a 1-year high of $20.11. The business has a 50 day moving average price of $18.40 and a two-hundred day moving average price of $17.78.

Alexander & Baldwin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Friday, September 12th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Friday, September 12th. Alexander & Baldwin’s dividend payout ratio is 84.11%.

Alexander & Baldwin Company Profile

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.