Algert Global LLC Has $7.82 Million Position in Alexander & Baldwin Holdings, Inc. $ALEX

Algert Global LLC lifted its holdings in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 81.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 429,776 shares of the financial services provider’s stock after acquiring an additional 192,293 shares during the period. Algert Global LLC owned approximately 0.59% of Alexander & Baldwin worth $7,818,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ALEX. Alliancebernstein L.P. grew its stake in Alexander & Baldwin by 6.2% during the third quarter. Alliancebernstein L.P. now owns 293,181 shares of the financial services provider’s stock worth $5,333,000 after purchasing an additional 17,139 shares during the period. Creative Planning bought a new position in shares of Alexander & Baldwin during the 3rd quarter worth approximately $262,000. Lazard Asset Management LLC acquired a new stake in shares of Alexander & Baldwin during the 3rd quarter worth approximately $1,398,000. Amundi grew its position in shares of Alexander & Baldwin by 2.5% during the 3rd quarter. Amundi now owns 48,653 shares of the financial services provider’s stock worth $847,000 after buying an additional 1,182 shares during the period. Finally, Horizon Investments LLC increased its stake in shares of Alexander & Baldwin by 30.0% in the 3rd quarter. Horizon Investments LLC now owns 34,148 shares of the financial services provider’s stock valued at $621,000 after acquiring an additional 7,876 shares in the last quarter. 91.29% of the stock is owned by institutional investors and hedge funds.

Alexander & Baldwin Stock Performance

ALEX opened at $20.84 on Tuesday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.50. The company’s fifty day moving average price is $20.78 and its two-hundred day moving average price is $18.85. Alexander & Baldwin Holdings, Inc. has a 1-year low of $15.07 and a 1-year high of $21.03. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 20.63 and a beta of 0.90.

Alexander & Baldwin (NYSE:ALEX) last issued its quarterly earnings data on Friday, February 27th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter. Alexander & Baldwin had a net margin of 31.29% and a return on equity of 6.43%. The firm had revenue of $50.99 million during the quarter. On average, analysts expect that Alexander & Baldwin Holdings, Inc. will post 1.35 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ALEX shares. iA Financial set a $20.85 target price on shares of Alexander & Baldwin in a research report on Wednesday, December 10th. Janney Montgomery Scott cut shares of Alexander & Baldwin from a “buy” rating to a “neutral” rating and set a $21.00 price target for the company. in a report on Wednesday, December 10th. Alliance Global Partners downgraded shares of Alexander & Baldwin from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Piper Sandler lowered shares of Alexander & Baldwin from an “overweight” rating to a “neutral” rating and set a $21.00 price objective on the stock. in a report on Tuesday, December 9th. Finally, Weiss Ratings raised shares of Alexander & Baldwin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, January 30th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $20.95.

Alexander & Baldwin Company Profile

Founded in 1870 by Samuel T. Alexander and Henry P. Baldwin as a sugarcane plantation on Maui, Alexander & Baldwin, Inc (NYSE: ALEX) today operates as a Hawai‘i-focused real estate investment trust headquartered in Honolulu. The company transitioned from its agricultural origins into a diversified real estate owner, operator and developer, completing its conversion to a REIT structure in late 2019 to align its corporate governance with its core property portfolio.

Alexander & Baldwin’s commercial real estate arm spans office, retail, industrial and hospitality properties across the four major Hawaiian Islands.