California State Teachers Retirement System trimmed its position in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 9.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 74,823 shares of the financial services provider’s stock after selling 7,949 shares during the quarter. California State Teachers Retirement System owned about 0.15% of Alexander & Baldwin worth $3,467,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Cramer Rosenthal Mcglynn LLC bought a new stake in Alexander & Baldwin in the 3rd quarter valued at $21,704,000. Dimensional Fund Advisors LP increased its holdings in Alexander & Baldwin by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,719,145 shares of the financial services provider’s stock valued at $112,519,000 after buying an additional 153,728 shares during the period. Retirement Systems of Alabama increased its holdings in Alexander & Baldwin by 141.2% in the 3rd 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 period. State Street Corp increased its holdings in Alexander & Baldwin by 4.9% in the 2nd quarter. State Street Corp now owns 1,511,869 shares of the financial services provider’s stock valued at $62,565,000 after buying an additional 69,981 shares during the period. Finally, Schneider Capital Management Corp increased its holdings in Alexander & Baldwin by 43.7% in the 2nd quarter. Schneider Capital Management Corp now owns 224,168 shares of the financial services provider’s stock valued at $9,276,000 after buying an additional 68,146 shares during the period. 78.29% of the stock is currently owned by institutional investors and hedge funds.
Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) traded down $0.43 on Wednesday, hitting $26.52. 474,171 shares of the stock traded hands, compared to its average volume of 334,189. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. Alexander & Baldwin Holdings, Inc. has a fifty-two week low of $26.32 and a fifty-two week high of $46.96. The company has a market cap of $1,300.00, a price-to-earnings ratio of 22.84 and a beta of 1.45.
Alexander & Baldwin (NYSE:ALEX) last posted its earnings results on Tuesday, November 7th. The financial services provider reported $0.21 earnings per share for the quarter. Alexander & Baldwin had a net margin of 4.15% and a return on equity of 3.89%. The business had revenue of $111.50 million for the quarter.
The company also recently announced a special dividend, which was paid on Tuesday, January 23rd. Stockholders of record on Wednesday, November 29th were issued a $15.92 dividend. This is a positive change from Alexander & Baldwin’s previous special dividend of $0.04. The ex-dividend date was Tuesday, November 28th. Alexander & Baldwin’s dividend payout ratio is presently 18.10%.
In related news, Director Stanley M. Kuriyama sold 6,300 shares of the company’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $27.45, for a total transaction of $172,935.00. Following the transaction, the director now owns 306,258 shares in the company, valued at approximately $8,406,782.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Stanley M. Kuriyama sold 4,250 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $43.56, for a total transaction of $185,130.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,550 shares of company stock worth $790,815. 7.60% of the stock is owned by insiders.
Several equities research analysts have issued reports on the stock. BidaskClub raised shares of Alexander & Baldwin from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 14th. TheStreet lowered shares of Alexander & Baldwin from a “b-” rating to a “c” rating in a report on Tuesday, November 28th.
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Alexander & Baldwin Profile
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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