Amalgamated Bank Sells 630 Shares of Alexander & Baldwin, Inc. (NYSE:ALEX)

Amalgamated Bank decreased its position in shares of Alexander & Baldwin, Inc. (NYSE:ALEX) by 2.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 21,480 shares of the financial services provider’s stock after selling 630 shares during the period. Amalgamated Bank’s holdings in Alexander & Baldwin were worth $412,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Alexander & Baldwin during the first quarter valued at about $41,000. BNP Paribas Financial Markets raised its holdings in Alexander & Baldwin by 18.7% in the 1st quarter. BNP Paribas Financial Markets now owns 46,859 shares of the financial services provider’s stock valued at $772,000 after buying an additional 7,383 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Alexander & Baldwin by 42.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 14,552 shares of the financial services provider’s stock worth $240,000 after buying an additional 4,366 shares during the period. ProShare Advisors LLC grew its holdings in Alexander & Baldwin by 7.3% during the 1st quarter. ProShare Advisors LLC now owns 14,626 shares of the financial services provider’s stock worth $241,000 after acquiring an additional 1,001 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System grew its holdings in Alexander & Baldwin by 56.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 32,437 shares of the financial services provider’s stock worth $534,000 after acquiring an additional 11,730 shares during the last quarter. Institutional investors own 91.29% of the company’s stock.

Alexander & Baldwin Stock Performance

Shares of Alexander & Baldwin stock opened at $19.30 on Friday. The business has a 50-day moving average price of $19.09 and a two-hundred day moving average price of $18.18. Alexander & Baldwin, Inc. has a 1-year low of $15.53 and a 1-year high of $20.30. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47. The company has a market cap of $1.40 billion, a P/E ratio of 31.13 and a beta of 1.26.

Analyst Ratings Changes

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

Alexander & Baldwin Profile

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.