Maui Land & Pineapple (NYSE:MLP) Stock Rating Lowered by Wall Street Zen

Maui Land & Pineapple (NYSE:MLP) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Maui Land & Pineapple in a report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Maui Land & Pineapple has a consensus rating of “Sell”.

Maui Land & Pineapple Stock Performance

Shares of MLP stock opened at $17.28 on Friday. The company’s fifty day simple moving average is $15.82 and its 200-day simple moving average is $16.24. The company has a quick ratio of 1.24, a current ratio of 1.38 and a debt-to-equity ratio of 0.21. The firm has a market cap of $343.26 million, a PE ratio of -86.42 and a beta of 0.66. Maui Land & Pineapple has a 12 month low of $13.84 and a 12 month high of $20.34.

Maui Land & Pineapple (NYSE:MLP) last released its quarterly earnings data on Friday, May 15th. The financial services provider reported ($0.10) EPS for the quarter. The company had revenue of $3.41 million during the quarter. Maui Land & Pineapple had a negative net margin of 23.44% and a negative return on equity of 12.78%.

Institutional Investors Weigh In On Maui Land & Pineapple

Large investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. raised its stake in Maui Land & Pineapple by 4.0% in the 3rd quarter. Raymond James Financial Inc. now owns 77,540 shares of the financial services provider’s stock valued at $1,445,000 after acquiring an additional 2,985 shares during the period. Valueworks LLC raised its stake in Maui Land & Pineapple by 21.1% in the 4th quarter. Valueworks LLC now owns 1,201,935 shares of the financial services provider’s stock valued at $20,361,000 after acquiring an additional 209,613 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Maui Land & Pineapple by 11.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,828 shares of the financial services provider’s stock valued at $370,000 after acquiring an additional 2,189 shares during the period. Barclays PLC raised its stake 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 acquiring an additional 892 shares during the period. Finally, Wells Fargo & Company MN raised its stake in Maui Land & Pineapple by 75.8% in the 4th quarter. Wells Fargo & Company MN now owns 7,477 shares of the financial services provider’s stock valued at $127,000 after acquiring an additional 3,224 shares during the period. Institutional investors own 24.55% of the company’s stock.

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.