Schwab Charles Investment Management Inc. lifted its holdings in shares of Alexander & Baldwin Inc (NYSE:ALEX) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 221,530 shares of the financial services provider’s stock after buying an additional 4,028 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.45% of Alexander & Baldwin worth $6,146,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. boosted its position in shares of Alexander & Baldwin by 0.6% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,109,867 shares of the financial services provider’s stock valued at $51,420,000 after buying an additional 7,014 shares during the last quarter. Cramer Rosenthal Mcglynn LLC purchased a new stake in shares of Alexander & Baldwin during the third quarter valued at $21,704,000. Wells Fargo & Company MN boosted its position in shares of Alexander & Baldwin by 7.8% during the third quarter. Wells Fargo & Company MN now owns 205,260 shares of the financial services provider’s stock valued at $9,510,000 after buying an additional 14,940 shares during the last quarter. Bamco Inc. NY purchased a new stake in shares of Alexander & Baldwin during the third quarter valued at $6,718,000. Finally, Retirement Systems of Alabama boosted its position in shares of Alexander & Baldwin by 141.2% during the third quarter. Retirement Systems of Alabama now owns 143,626 shares of the financial services provider’s stock valued at $6,654,000 after buying an additional 84,068 shares during the last quarter. 54.75% of the stock is currently owned by institutional investors.
In other Alexander & Baldwin news, Director Stanley M. Kuriyama sold 6,300 shares of the stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $27.45, for a total value of $172,935.00. Following the transaction, the director now owns 306,258 shares of the company’s stock, valued at $8,406,782.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher J. Benjamin sold 5,000 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $28.85, for a total value of $144,250.00. Following the completion of the transaction, the chief executive officer now directly owns 555 shares in the company, valued at approximately $16,011.75. The disclosure for this sale can be found here. In the last three months, insiders sold 21,300 shares of company stock worth $605,685. 7.60% of the stock is owned by corporate insiders.
Alexander & Baldwin (NYSE:ALEX) last posted its earnings results on Wednesday, February 28th. The financial services provider reported $0.19 earnings per share for the quarter. Alexander & Baldwin had a return on equity of 2.92% and a net margin of 53.70%. The company had revenue of $122.70 million for the quarter.
Several equities research analysts recently commented on the company. JMP Securities raised Alexander & Baldwin from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 20th. TheStreet cut Alexander & Baldwin from a “b-” rating to a “c” rating in a research report on Tuesday, November 28th. Finally, BidaskClub raised Alexander & Baldwin from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 14th.
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About Alexander & Baldwin
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.
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