Maui Land & Pineapple (NYSE:MLP) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Maui Land & Pineapple Company, Inc. (NYSE:MLP) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.75 and traded as low as $15.43. Maui Land & Pineapple shares last traded at $15.5350, with a volume of 36,051 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MLP shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Maui Land & Pineapple in a research report on Thursday, January 22nd. Wall Street Zen upgraded shares of Maui Land & Pineapple from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Maui Land & Pineapple Trading Down 2.2%

The stock’s 50 day moving average is $16.78 and its two-hundred day moving average is $16.75. The stock has a market capitalization of $306.66 million, a price-to-earnings ratio of -26.33 and a beta of 0.66.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC raised its position in Maui Land & Pineapple by 9.2% in the 4th quarter. Barclays PLC now owns 10,616 shares of the financial services provider’s stock valued at $180,000 after buying an additional 892 shares during the last quarter. Valueworks LLC boosted its position in Maui Land & Pineapple by 21.1% during the 4th quarter. Valueworks LLC now owns 1,201,935 shares of the financial services provider’s stock worth $20,361,000 after acquiring an additional 209,613 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Maui Land & Pineapple by 11.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,828 shares of the financial services provider’s stock worth $370,000 after acquiring an additional 2,189 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Maui Land & Pineapple by 75.8% during the 4th quarter. Wells Fargo & Company MN now owns 7,477 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 3,224 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in shares of Maui Land & Pineapple by 23.4% during the 4th quarter. Deutsche Bank AG now owns 5,264 shares of the financial services provider’s stock worth $89,000 after acquiring an additional 999 shares in the last quarter. 24.55% of the stock is owned by institutional investors and hedge funds.

About Maui Land & Pineapple

Maui Land & Pineapple Company, Inc (NYSE: MLP) is a real estate development and natural resource management enterprise headquartered in Kahului on the island of Maui, Hawaii. The company maintains a diversified portfolio of commercial, industrial, retail, hospitality and residential properties, primarily serving the local Maui market. Through its property management and leasing activities, MLP supports a range of tenants and projects designed to meet the evolving needs of residents, small businesses and visitors to the island.

Originally best known for its pineapple cultivation operations dating back to the early 20th century, MLP transitioned from its agricultural roots following the divestiture of its pineapple farming business in 2009.