Alexander & Baldwin (ALEX) Insider Stanley M. Kuriyama Sells 4,250 Shares
Alexander & Baldwin (NYSE:ALEX) insider Stanley M. Kuriyama sold 4,250 shares of the business’s stock in a transaction that occurred on Tuesday, October 11th. The stock was sold at an average price of $37.77, for a total transaction of $160,522.50. Following the sale, the insider now owns 233,736 shares of the company’s stock, valued at $8,828,208.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Alexander & Baldwin (NYSE:ALEX) opened at 37.55 on Wednesday. The firm’s market capitalization is $1.84 billion. The stock’s 50 day moving average is $38.99 and its 200-day moving average is $37.95. Alexander & Baldwin has a 52-week low of $28.82 and a 52-week high of $42.80.
Alexander & Baldwin (NYSE:ALEX) last posted its quarterly earnings data on Wednesday, July 27th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by $0.19. Alexander & Baldwin had a negative net margin of 2.87% and a positive return on equity of 3.17%. The firm had revenue of $102.70 million for the quarter, compared to analysts’ expectations of $159.09 million. During the same period in the prior year, the company posted $0.20 earnings per share. Alexander & Baldwin’s quarterly revenue was down 33.2% compared to the same quarter last year. Equities analysts expect that Alexander & Baldwin will post $0.97 earnings per share for the current year.
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A number of hedge funds have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund raised its stake in Alexander & Baldwin by 6.1% in the third quarter. Oregon Public Employees Retirement Fund now owns 15,956 shares of the company’s stock worth $613,000 after buying an additional 917 shares in the last quarter. Macquarie Group Ltd. raised its stake in Alexander & Baldwin by 2.7% in the second quarter. Macquarie Group Ltd. now owns 926,141 shares of the company’s stock worth $33,471,000 after buying an additional 24,156 shares in the last quarter. Mason Street Advisors LLC purchased a new stake in Alexander & Baldwin during the second quarter worth approximately $759,000. Schwab Charles Investment Management Inc. raised its stake in Alexander & Baldwin by 4.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 161,788 shares of the company’s stock worth $5,848,000 after buying an additional 6,216 shares in the last quarter. Finally, Amalgamated Bank raised its stake in Alexander & Baldwin by 4.3% in the second quarter. Amalgamated Bank now owns 5,692 shares of the company’s stock worth $233,000 after buying an additional 236 shares in the last quarter. 77.00% of the stock is owned by institutional investors.
Separately, JMP Securities downgraded shares of Alexander & Baldwin from an “outperform” rating to a “market perform” rating and set a $44.00 price objective for the company. in a research note on Friday, August 26th. They noted that the move was a valuation call.
Alexander & Baldwin Company Profile
Alexander & Baldwin, Inc (A&B) is engaged in real estate development, real estate leasing, materials and construction, and agribusiness. The Company operates in four segments: Real Estate Development and Sales, Real Estate Leasing, Materials and Construction, and Agribusiness. Real estate activities are conducted through A&B Properties, Inc and other subsidiaries of A&B.
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