Stifel Financial Corp lessened its position in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 27.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,997 shares of the financial services provider’s stock after selling 14,892 shares during the quarter. Stifel Financial Corp owned about 0.08% of Alexander & Baldwin Holdings worth $1,657,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. IFP Advisors Inc lifted its stake in shares of Alexander & Baldwin Holdings by 1.0% during the 2nd quarter. IFP Advisors Inc now owns 2,606 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 26 shares during the last quarter. LS Investment Advisors LLC lifted its stake in shares of Alexander & Baldwin Holdings by 17.6% during the 2nd quarter. LS Investment Advisors LLC now owns 3,673 shares of the financial services provider’s stock worth $152,000 after acquiring an additional 550 shares during the last quarter. Riverhead Capital Management LLC lifted its stake in shares of Alexander & Baldwin Holdings by 66.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,830 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 1,530 shares during the last quarter. Two Sigma Securities LLC bought a new stake in shares of Alexander & Baldwin Holdings during the 1st quarter worth approximately $211,000. Finally, ING Groep NV bought a new stake in shares of Alexander & Baldwin Holdings during the 2nd quarter worth approximately $233,000. Institutional investors and hedge funds own 74.16% of the company’s stock.
In other Alexander & Baldwin Holdings news, Director Stanley M. Kuriyama sold 4,250 shares of the company’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $46.67, for a total transaction of $198,347.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have sold 12,750 shares of company stock worth $568,735 over the last 90 days. 7.60% of the stock is owned by insiders.
Shares of Alexander & Baldwin Holdings, Inc. (NYSE ALEX) traded up 0.22% during midday trading on Friday, reaching $45.14. The company’s stock had a trading volume of 6,726 shares. Alexander & Baldwin Holdings, Inc. has a one year low of $37.31 and a one year high of $46.96. The company has a market capitalization of $2.22 billion, a P/E ratio of 229.14 and a beta of 1.46. The stock’s 50-day moving average is $45.44 and its 200-day moving average is $43.33.
Separately, BidaskClub raised Alexander & Baldwin Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 11th.
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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.
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