Alexander & Baldwin, Inc. (NYSE:ALEX) Shares Bought by Texas Permanent School Fund

Texas Permanent School Fund lifted its stake in shares of Alexander & Baldwin, Inc. (NYSE:ALEXGet Rating) by 2.2% during the second quarter, HoldingsChannel.com reports. The firm owned 52,532 shares of the financial services provider’s stock after purchasing an additional 1,112 shares during the period. Texas Permanent School Fund’s holdings in Alexander & Baldwin were worth $943,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of Alexander & Baldwin by 15.0% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 35,043 shares of the financial services provider’s stock worth $629,000 after purchasing an additional 4,575 shares during the period. SG Americas Securities LLC grew its stake in shares of Alexander & Baldwin by 10.8% during the 2nd quarter. SG Americas Securities LLC now owns 101,918 shares of the financial services provider’s stock worth $1,829,000 after purchasing an additional 9,903 shares during the period. First Eagle Investment Management LLC grew its stake in shares of Alexander & Baldwin by 111.5% during the 1st quarter. First Eagle Investment Management LLC now owns 89,271 shares of the financial services provider’s stock worth $2,070,000 after purchasing an additional 47,069 shares during the period. Qube Research & Technologies Ltd acquired a new position in shares of Alexander & Baldwin during the 1st quarter worth $672,000. Finally, Mutual of America Capital Management LLC grew its stake in shares of Alexander & Baldwin by 5.5% during the 1st quarter. Mutual of America Capital Management LLC now owns 10,452 shares of the financial services provider’s stock worth $242,000 after purchasing an additional 543 shares during the period. 86.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. StockNews.com started coverage on shares of Alexander & Baldwin in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Piper Sandler cut shares of Alexander & Baldwin from an “overweight” rating to a “neutral” rating and set a $20.00 price objective on the stock. in a research note on Monday, November 14th.

Alexander & Baldwin Price Performance

Shares of NYSE ALEX opened at $19.90 on Friday. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 55.28 and a beta of 1.32. Alexander & Baldwin, Inc. has a 52 week low of $15.80 and a 52 week high of $25.66. The company’s 50-day moving average price is $18.17 and its 200 day moving average price is $18.82. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.42.

Alexander & Baldwin Company Profile

(Get Rating)

Alexander & Baldwin, Inc ("A&B") is Hawai'i's premier commercial real estate company and the largest owner of grocery-anchored, neighborhood shopping centers in the state. A&B owns, operates and manages approximately 3.9 million square feet of commercial space in Hawai'i, including 22 retail centers, ten industrial assets and four office properties, as well as 154 acres of ground leases.

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

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