Alexander & Baldwin Holdings, Inc. (ALEX) Stock Rating Lowered by BidaskClub

Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Friday, October 6th.

Shares of Alexander & Baldwin Holdings (NYSE ALEX) opened at 45.39 on Friday. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 230.41 and a beta of 1.46. The firm has a 50 day moving average price of $45.12 and a 200 day moving average price of $43.27. Alexander & Baldwin Holdings has a 52 week low of $36.98 and a 52 week high of $46.96.

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In related news, Director Stanley M. Kuriyama sold 4,250 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $43.45, for a total value of $184,662.50. Following the transaction, the director now directly owns 255,883 shares of the company’s stock, valued at approximately $11,118,116.35. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 12,750 shares of company stock worth $568,735. 7.60% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Great West Life Assurance Co. Can raised its holdings in Alexander & Baldwin Holdings by 3.6% during the first quarter. Great West Life Assurance Co. Can now owns 25,994 shares of the financial services provider’s stock valued at $1,156,000 after acquiring an additional 911 shares during the period. Bank of New York Mellon Corp raised its holdings in Alexander & Baldwin Holdings by 4.6% during the first quarter. Bank of New York Mellon Corp now owns 578,437 shares of the financial services provider’s stock valued at $25,752,000 after acquiring an additional 25,695 shares during the period. UBS Asset Management Americas Inc. raised its holdings in Alexander & Baldwin Holdings by 14.5% during the first quarter. UBS Asset Management Americas Inc. now owns 15,793 shares of the financial services provider’s stock valued at $703,000 after acquiring an additional 2,000 shares during the period. Karp Capital Management Corp bought a new stake in Alexander & Baldwin Holdings during the first quarter valued at about $743,000. Finally, Mason Street Advisors LLC raised its holdings in Alexander & Baldwin Holdings by 1.3% during the first quarter. Mason Street Advisors LLC now owns 21,796 shares of the financial services provider’s stock valued at $970,000 after acquiring an additional 290 shares during the period. 74.16% of the stock is currently owned by institutional investors.

Alexander & Baldwin Holdings Company 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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