Connor Clark & Lunn Investment Management Ltd. Purchases 9,673 Shares of Alexander & Baldwin Holdings, Inc. $ALEX

Connor Clark & Lunn Investment Management Ltd. lifted its position in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 10.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,150 shares of the financial services provider’s stock after acquiring an additional 9,673 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.14% of Alexander & Baldwin worth $1,786,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Alexander & Baldwin by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 11,650,160 shares of the financial services provider’s stock valued at $200,732,000 after purchasing an additional 172,992 shares in the last quarter. Millennium Management LLC raised its stake in Alexander & Baldwin by 81.8% in the first quarter. Millennium Management LLC now owns 737,931 shares of the financial services provider’s stock worth $12,715,000 after buying an additional 331,969 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Alexander & Baldwin by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 663,380 shares of the financial services provider’s stock worth $11,828,000 after buying an additional 22,735 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Alexander & Baldwin by 5.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 524,469 shares of the financial services provider’s stock valued at $9,037,000 after acquiring an additional 24,904 shares in the last quarter. Finally, Regency Capital Management Inc. DE boosted its position in Alexander & Baldwin by 21.7% during the 1st quarter. Regency Capital Management Inc. DE now owns 524,304 shares of the financial services provider’s stock valued at $9,034,000 after acquiring an additional 93,557 shares in the last quarter. 91.29% of the stock is currently owned by institutional investors.

Alexander & Baldwin Stock Down 0.6%

NYSE:ALEX opened at $15.93 on Monday. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.44. Alexander & Baldwin Holdings, Inc. has a twelve month low of $15.39 and a twelve month high of $19.95. The company has a market cap of $1.16 billion, a PE ratio of 14.88, a P/E/G ratio of 1.47 and a beta of 1.09. The company’s 50 day moving average is $17.20 and its two-hundred day moving average is $17.76.

Alexander & Baldwin (NYSE:ALEX) last posted its quarterly earnings data on Friday, October 31st. The financial services provider reported $0.20 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.08). Alexander & Baldwin had a return on equity of 7.81% and a net margin of 33.94%.The company had revenue of $50.25 million for the quarter, compared to analyst estimates of $50.69 million. Analysts anticipate that Alexander & Baldwin Holdings, Inc. will post 1.35 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. JMP Securities restated a “market perform” rating on shares of Alexander & Baldwin in a research note on Tuesday, September 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Alexander & Baldwin in a report on Thursday. Finally, Piper Sandler set a $21.00 price target on shares of Alexander & Baldwin in a report on Monday, November 3rd. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.00.

Alexander & Baldwin 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.