Key Points
- Meredith Ching sold 700 shares of Alexander & Baldwin at an average price of $15.48 on Nov. 10 for a total of $10,836, leaving her with 146,149 shares (a 0.48% reduction) valued at about $2.26M.
- Alexander & Baldwin shares opened at $15.54, trade in a 52-week range of $15.39–$19.97, and the company has a market cap of about $1.13B with a P/E of 14.52.
- Analyst consensus is an average rating of Hold with an average target price of $21.00, and institutional/hedge fund ownership is high at 91.29%.
Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Get Free Report) VP Meredith Ching sold 700 shares of Alexander & Baldwin stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $15.48, for a total transaction of $10,836.00. Following the completion of the transaction, the vice president owned 146,149 shares of the company's stock, valued at $2,262,386.52. This represents a 0.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Alexander & Baldwin Trading Up 0.1%
Shares of NYSE:ALEX opened at $15.54 on Tuesday. Alexander & Baldwin Holdings, Inc. has a 52 week low of $15.39 and a 52 week high of $19.97. The company's 50 day moving average is $17.46 and its two-hundred day moving average is $17.79. The company has a market cap of $1.13 billion, a PE ratio of 14.52, a P/E/G ratio of 1.47 and a beta of 1.09. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.44.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on ALEX. JMP Securities restated a "market perform" rating on shares of Alexander & Baldwin in a research note on Tuesday, September 2nd. Weiss Ratings lowered Alexander & Baldwin from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, October 8th. Finally, Piper Sandler set a $21.00 target price on Alexander & Baldwin in a research note 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.com, the stock currently has an average rating of "Hold" and an average target price of $21.00.
Check Out Our Latest Analysis on Alexander & Baldwin
Hedge Funds Weigh In On Alexander & Baldwin
Several large investors have recently bought and sold shares of ALEX. Principal Financial Group Inc. lifted its holdings in shares of Alexander & Baldwin by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 361,720 shares of the financial services provider's stock valued at $6,232,000 after purchasing an additional 9,482 shares during the last quarter. Cerity Partners LLC purchased a new position in Alexander & Baldwin during the 1st quarter worth approximately $280,000. New York State Common Retirement Fund increased its position in Alexander & Baldwin by 6.7% during the first quarter. New York State Common Retirement Fund now owns 22,185 shares of the financial services provider's stock worth $382,000 after buying an additional 1,400 shares during the period. MQS Management LLC purchased a new stake in Alexander & Baldwin in the first quarter valued at approximately $821,000. Finally, Jennison Associates LLC lifted its stake in Alexander & Baldwin by 42.0% in the first quarter. Jennison Associates LLC now owns 58,461 shares of the financial services provider's stock valued at $1,007,000 after buying an additional 17,284 shares during the last quarter. Institutional investors and hedge funds own 91.29% of the company's stock.
Alexander & Baldwin Company Profile
(
Get Free Report)
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.
Further Reading
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