New York State Teachers Retirement System Has $2.49 Million Holdings in Alexander & Baldwin, Inc. (NYSE:ALEX)

New York State Teachers Retirement System lessened its holdings in shares of Alexander & Baldwin, Inc. (NYSE:ALEX) by 3.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,611 shares of the financial services provider’s stock after selling 5,300 shares during the quarter. New York State Teachers Retirement System’s holdings in Alexander & Baldwin were worth $2,489,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in ALEX. Isthmus Partners LLC increased its stake in shares of Alexander & Baldwin by 232.0% in the first quarter. Isthmus Partners LLC now owns 205,212 shares of the financial services provider’s stock worth $3,380,000 after acquiring an additional 143,401 shares during the last quarter. Private Management Group Inc. purchased a new stake in shares of Alexander & Baldwin during the 1st quarter worth about $2,289,000. Clearbridge Investments LLC lifted its holdings in shares of Alexander & Baldwin by 24.4% during the 1st quarter. Clearbridge Investments LLC now owns 623,284 shares of the financial services provider’s stock valued at $10,265,000 after buying an additional 122,286 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in shares of Alexander & Baldwin in the 2nd quarter valued at approximately $1,386,000. Finally, Harbor Capital Advisors Inc. increased its holdings in Alexander & Baldwin by 271.9% in the second quarter. Harbor Capital Advisors Inc. now owns 110,300 shares of the financial services provider’s stock worth $1,871,000 after buying an additional 80,642 shares during the last quarter. Institutional investors and hedge funds own 91.29% of the company’s stock.

Alexander & Baldwin Stock Down 0.4 %

Shares of Alexander & Baldwin stock opened at $19.58 on Friday. Alexander & Baldwin, Inc. has a 12-month low of $15.53 and a 12-month high of $20.30. The stock has a market capitalization of $1.42 billion, a P/E ratio of 31.58 and a beta of 1.26. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.47. The stock has a 50 day moving average price of $19.09 and a two-hundred day moving average price of $18.03.

Analyst Ratings Changes

ALEX has been the subject of a number of analyst reports. Alliance Global Partners started coverage on shares of Alexander & Baldwin in a research note on Thursday, August 8th. They issued a “buy” rating and a $22.00 target price for the company. Piper Sandler reaffirmed an “overweight” rating and issued a $23.00 price objective (up previously from $22.00) on shares of Alexander & Baldwin in a research note on Friday, October 25th. Finally, StockNews.com cut shares of Alexander & Baldwin from a “buy” rating to a “hold” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.67.

About Alexander & Baldwin

Alexander & Baldwin, Inc (NYSE: ALEX) (A&B) is the only publicly-traded real estate investment trust to focus exclusively on Hawai’i commercial real estate and is the state’s largest owner of grocery-anchored, neighborhood shopping centers. A&B owns, operates and manages approximately 3.9 million square feet of commercial space in Hawai’i, including 22 retail centers, 13 industrial assets and four office properties, as well as 142.0 acres of ground lease assets.