Maui Land & Pineapple (NYSE:MLP) Downgraded by StockNews.com to “Sell”

StockNews.com cut shares of Maui Land & Pineapple (NYSE:MLP) from a hold rating to a sell rating in a research note published on Tuesday.

Maui Land & Pineapple Stock Performance

NYSE MLP opened at $22.09 on Tuesday. The firm’s fifty day moving average price is $21.75 and its two-hundred day moving average price is $20.91. The stock has a market cap of $434.95 million, a PE ratio of -147.27 and a beta of 0.47. Maui Land & Pineapple has a fifty-two week low of $11.58 and a fifty-two week high of $24.50.

Maui Land & Pineapple (NYSE:MLP) last posted its earnings results on Monday, May 13th. The financial services provider reported ($0.07) earnings per share for the quarter. Maui Land & Pineapple had a negative return on equity of 9.18% and a negative net margin of 27.85%. The company had revenue of $2.48 million for the quarter.

Institutional Trading of Maui Land & Pineapple

Several institutional investors have recently modified their holdings of MLP. Bfsg LLC acquired a new position in Maui Land & Pineapple in the fourth quarter valued at $52,000. BNP Paribas Financial Markets lifted its holdings in Maui Land & Pineapple by 154.4% in the first quarter. BNP Paribas Financial Markets now owns 6,245 shares of the financial services provider’s stock valued at $135,000 after buying an additional 3,790 shares during the period. Bank of New York Mellon Corp lifted its holdings in Maui Land & Pineapple by 3.4% in the second quarter. Bank of New York Mellon Corp now owns 20,032 shares of the financial services provider’s stock valued at $442,000 after buying an additional 660 shares during the period. CastleKnight Management LP lifted its holdings in Maui Land & Pineapple by 29.3% in the fourth quarter. CastleKnight Management LP now owns 35,302 shares of the financial services provider’s stock valued at $561,000 after buying an additional 8,002 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Maui Land & Pineapple by 1.0% in the second quarter. Renaissance Technologies LLC now owns 107,449 shares of the financial services provider’s stock valued at $2,369,000 after buying an additional 1,100 shares during the period. Institutional investors own 24.55% of the company’s stock.

Maui Land & Pineapple Company Profile

Maui Land & Pineapple Company, Inc, together with its subsidiaries, engages in the planning, managing, developing, and selling residential, resort, commercial, agricultural, and industrial real estate properties in the United States. It operates through Land Development & Sales, Leasing, and Resort Amenities segments.