Maui Land & Pineapple (NYSE:MLP) Hits New 1-Year High at $25.80

Maui Land & Pineapple Company, Inc. (NYSE:MLP)’s stock price hit a new 52-week high on Friday . The stock traded as high as $25.80 and last traded at $25.55, with a volume of 19409 shares traded. The stock had previously closed at $23.88.

Wall Street Analyst Weigh In

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

Maui Land & Pineapple Price Performance

The firm’s fifty day simple moving average is $22.46 and its 200 day simple moving average is $21.21.

Institutional Trading of Maui Land & Pineapple

A number of hedge funds have recently modified their holdings of MLP. BNP Paribas Financial Markets boosted its position in Maui Land & Pineapple by 154.4% in the 1st 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 in the last quarter. Bank of New York Mellon Corp grew its position in 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 buying an additional 660 shares during the period. CastleKnight Management LP grew its position 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 valued at $561,000 after buying an additional 8,002 shares during the period. Renaissance Technologies LLC increased 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 in the last quarter. Finally, Herr Investment Group LLC raised its position in shares of Maui Land & Pineapple by 47.8% in the first quarter. Herr Investment Group LLC now owns 419,602 shares of the financial services provider’s stock worth $9,089,000 after acquiring an additional 135,791 shares during the period. Hedge funds and other institutional investors own 24.55% of the company’s stock.

About Maui Land & Pineapple

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.