Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Alexander & Baldwin Holdings (ALEX) traded down 0.49% during mid-day trading on Monday, reaching $44.97. The company’s stock had a trading volume of 176,852 shares. The company has a 50-day moving average price of $43.50 and a 200-day moving average price of $42.99. Alexander & Baldwin Holdings has a 12-month low of $36.98 and a 12-month high of $46.87. The firm has a market cap of $2.21 billion, a PE ratio of 228.27 and a beta of 1.44.

WARNING: “Alexander & Baldwin Holdings, Inc. (ALEX) Cut to “Hold” at BidaskClub” was originally published by American Banking News and is the property of of American Banking News. If you are viewing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/09/24/alexander-baldwin-holdings-inc-alex-cut-to-hold-at-bidaskclub.html.

In other news, Director Stanley M. Kuriyama sold 4,250 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $43.70, for a total transaction of $185,725.00. Following the transaction, the director now directly owns 251,633 shares of the company’s stock, valued at approximately $10,996,362.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 12,750 shares of company stock worth $547,825 over the last three months. Insiders own 7.60% of the company’s stock.

Several large investors have recently bought and sold shares of ALEX. IFP Advisors Inc increased its stake in shares of Alexander & Baldwin Holdings by 1.0% in the 2nd quarter. IFP Advisors Inc now owns 2,606 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 26 shares in the last quarter. Neuburgh Advisers LLC increased its stake in shares of Alexander & Baldwin Holdings by 14.6% in the 1st quarter. Neuburgh Advisers LLC now owns 3,196 shares of the financial services provider’s stock worth $142,000 after purchasing an additional 408 shares in the last quarter. LS Investment Advisors LLC increased its stake in shares of Alexander & Baldwin Holdings by 17.6% in the 2nd quarter. LS Investment Advisors LLC now owns 3,673 shares of the financial services provider’s stock worth $152,000 after purchasing an additional 550 shares in the last quarter. Riverhead Capital Management LLC increased its stake in shares of Alexander & Baldwin Holdings by 66.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,830 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 1,530 shares in the last quarter. Finally, Flinton Capital Management LLC increased its stake in shares of Alexander & Baldwin Holdings by 62.8% in the 2nd quarter. Flinton Capital Management LLC now owns 4,284 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 1,652 shares in the last quarter. Hedge funds and other institutional investors own 74.17% of the company’s stock.

About Alexander & Baldwin Holdings

Alexander & Baldwin, Inc (A&B) is a real estate company. The Company operates through three segments: Commercial Real Estate, Land Operations, and Materials and Construction. In addition to its 15 retail centers in Hawaii, the Company owned seven industrial assets, seven office properties and a portfolio of urban ground leases comprising 106 acres in Hawaii, as of December 31, 2016.

Receive News & Ratings for Alexander & Baldwin Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexander & Baldwin Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.