Maui Land & Pineapple (NYSE:MLP) Shares Up 3.8%

Shares of Maui Land & Pineapple Company, Inc. (NYSE:MLP) traded up 3.8% on Wednesday . The company traded as high as $25.81 and last traded at $25.65. 4,893 shares were traded during trading, a decline of 76% from the average session volume of 20,712 shares. The stock had previously closed at $24.71.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Maui Land & Pineapple from a “hold” rating to a “sell” rating in a report on Tuesday, August 13th.

Maui Land & Pineapple Price Performance

The firm has a market capitalization of $499.93 million, a price-to-earnings ratio of -163.67 and a beta of 0.47. The stock has a fifty day moving average of $22.67 and a two-hundred day moving average of $21.29.

Institutional Trading of Maui Land & Pineapple

Institutional investors have recently added to or reduced their stakes in the stock. Herr Investment Group LLC boosted its holdings in shares of Maui Land & Pineapple by 47.8% during the 1st quarter. Herr Investment Group LLC now owns 419,602 shares of the financial services provider’s stock worth $9,089,000 after buying an additional 135,791 shares in the last quarter. CastleKnight Management LP boosted its stake in Maui Land & Pineapple by 29.3% during the fourth quarter. CastleKnight Management LP now owns 35,302 shares of the financial services provider’s stock worth $561,000 after acquiring an additional 8,002 shares in the last quarter. BNP Paribas Financial Markets grew 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 worth $135,000 after purchasing an additional 3,790 shares during the period. Renaissance Technologies LLC increased its stake 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 purchasing an additional 1,100 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Maui Land & Pineapple by 3.4% during 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 purchasing an additional 660 shares during the period. 24.55% of the stock is currently owned by institutional investors.

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.