Journey Advisory Group LLC Cuts Stake in Maui Land & Pineapple Company, Inc. $MLP

Journey Advisory Group LLC lessened its holdings in Maui Land & Pineapple Company, Inc. (NYSE:MLP) by 12.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 221,866 shares of the financial services provider’s stock after selling 31,228 shares during the period. Journey Advisory Group LLC owned approximately 1.12% of Maui Land & Pineapple worth $4,036,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Strs Ohio acquired a new stake in shares of Maui Land & Pineapple in the first quarter valued at $26,000. Deutsche Bank AG raised its position in Maui Land & Pineapple by 233.2% in the 1st quarter. Deutsche Bank AG now owns 6,868 shares of the financial services provider’s stock valued at $121,000 after purchasing an additional 4,807 shares in the last quarter. Nuveen LLC acquired a new position in shares of Maui Land & Pineapple during the first quarter worth about $181,000. NBC Securities Inc. increased its stake in shares of Maui Land & Pineapple by 8.0% during the second quarter. NBC Securities Inc. now owns 46,740 shares of the financial services provider’s stock worth $850,000 after buying an additional 3,450 shares during the period. Finally, Valueworks LLC increased its stake in shares of Maui Land & Pineapple by 14.5% during the first quarter. Valueworks LLC now owns 919,343 shares of the financial services provider’s stock worth $16,153,000 after buying an additional 116,076 shares during the period. Hedge funds and other institutional investors own 24.55% of the company’s stock.

Wall Street Analysts Forecast Growth

MLP has been the subject of several analyst reports. Wall Street Zen upgraded shares of Maui Land & Pineapple from a “sell” rating to a “hold” rating in a report on Sunday, September 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Maui Land & Pineapple in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Maui Land & Pineapple Stock Performance

Shares of MLP opened at $16.14 on Monday. The company has a market capitalization of $318.50 million, a price-to-earnings ratio of -22.73 and a beta of 0.77. Maui Land & Pineapple Company, Inc. has a 52-week low of $14.05 and a 52-week high of $25.78. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average price of $17.58 and a 200 day moving average price of $16.89.

Maui Land & Pineapple (NYSE:MLP) last issued its quarterly earnings data on Thursday, August 14th. The financial services provider reported ($0.05) earnings per share for the quarter. The company had revenue of $4.60 million for the quarter. Maui Land & Pineapple had a negative return on equity of 45.87% and a negative net margin of 81.82%.

Insider Activity

In other news, Director Stephen M. Case bought 2,500 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were acquired at an average price of $16.91 per share, for a total transaction of $42,275.00. Following the completion of the transaction, the director owned 11,937,978 shares of the company’s stock, valued at approximately $201,871,207.98. This trade represents a 0.02% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders bought a total of 12,500 shares of company stock worth $209,313 over the last 90 days. Company insiders own 65.88% of the company’s stock.

Maui Land & Pineapple Profile

Maui Land & Pineapple Co, Inc is a landholding and operating company, which engages in the development, sale, and management of real estate. It operates through the following segments: Real Estate, Leasing, and Resort Amenities. The Real Estate segment includes land planning and entitlement, development, and sales activities.