Reinhart Partners Inc. Cuts Stock Holdings in Alexander & Baldwin Inc (NYSE:ALEX)

Reinhart Partners Inc. lowered its stake in shares of Alexander & Baldwin Inc (NYSE:ALEX) by 0.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 366,339 shares of the financial services provider’s stock after selling 1,108 shares during the quarter. Reinhart Partners Inc. owned 0.51% of Alexander & Baldwin worth $8,979,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Nuveen Asset Management LLC lifted its stake in Alexander & Baldwin by 387.7% during the second quarter. Nuveen Asset Management LLC now owns 1,396,485 shares of the financial services provider’s stock valued at $32,257,000 after purchasing an additional 1,110,169 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Alexander & Baldwin by 137.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,303,879 shares of the financial services provider’s stock valued at $30,120,000 after acquiring an additional 755,171 shares during the last quarter. Man Group plc boosted its position in shares of Alexander & Baldwin by 221.3% during the 2nd quarter. Man Group plc now owns 676,409 shares of the financial services provider’s stock valued at $15,625,000 after acquiring an additional 465,900 shares during the last quarter. Panagora Asset Management Inc. boosted its position in shares of Alexander & Baldwin by 49,463.6% during the 2nd quarter. Panagora Asset Management Inc. now owns 396,509 shares of the financial services provider’s stock valued at $9,159,000 after acquiring an additional 395,709 shares during the last quarter. Finally, Arden Trust Co bought a new stake in shares of Alexander & Baldwin during the 2nd quarter valued at about $3,748,000. 76.72% of the stock is currently owned by institutional investors and hedge funds.

Shares of ALEX traded down $0.08 during trading hours on Friday, reaching $22.69. 168,384 shares of the company’s stock traded hands, compared to its average volume of 294,369. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.89 and a current ratio of 0.85. The firm’s 50 day simple moving average is $24.31 and its 200-day simple moving average is $23.63. Alexander & Baldwin Inc has a 12 month low of $17.58 and a 12 month high of $25.69.

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Alexander & Baldwin (NYSE:ALEX) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported ($0.69) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.80). Alexander & Baldwin had a negative net margin of 28.41% and a negative return on equity of 10.75%. The business had revenue of $89.10 million for the quarter, compared to the consensus estimate of $103.93 million. During the same quarter last year, the business posted $0.20 EPS. The business’s revenue was down 25.4% compared to the same quarter last year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Tuesday, November 12th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Friday, November 8th.

In other news, Director Stanley M. Kuriyama sold 6,300 shares of Alexander & Baldwin stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $22.71, for a total value of $143,073.00. Following the transaction, the director now directly owns 312,935 shares in the company, valued at approximately $7,106,753.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 18,900 shares of company stock valued at $451,206. 6.40% of the stock is owned by corporate insiders.

Alexander & Baldwin Profile

Alexander & Baldwin, Inc is Hawai`i's premier commercial real estate company and the state's foremost owner of grocery-anchored retail centers. A&B is a fully integrated real estate investment trust and owns, operates and manages approximately 3.5 million square feet of primarily retail and industrial space in Hawai`i, and is a major landowner in the state.

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Institutional Ownership by Quarter for Alexander & Baldwin (NYSE:ALEX)

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