Alexander & Baldwin (NYSE:ALEX) Now Covered by Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Alexander & Baldwin (NYSE:ALEX – Get Rating) in a report released on Thursday. The brokerage set a “sell” rating on the financial services provider’s stock.

Alexander & Baldwin Trading Up 1.4 %

Shares of NYSE ALEX opened at $18.57 on Thursday. The stock’s 50 day moving average price is $18.62 and its two-hundred day moving average price is $19.11. Alexander & Baldwin has a 52-week low of $15.80 and a 52-week high of $21.59. The stock has a market capitalization of $1.35 billion, a P/E ratio of -23.81 and a beta of 1.31. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.47.

Institutional Trading of Alexander & Baldwin

Institutional investors and hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its position in shares of Alexander & Baldwin by 500.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,752 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 1,460 shares during the period. Quadrant Capital Group LLC raised its position in shares of Alexander & Baldwin by 193.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,820 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 1,199 shares during the period. Wipfli Financial Advisors LLC acquired a new stake in shares of Alexander & Baldwin during the 3rd quarter worth approximately $35,000. CKW Financial Group raised its position in shares of Alexander & Baldwin by 67.0% during the 4th quarter. CKW Financial Group now owns 2,304 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 924 shares during the period. Finally, Exchange Traded Concepts LLC raised its position in shares of Alexander & Baldwin by 136.0% during the 1st quarter. Exchange Traded Concepts LLC now owns 4,125 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 2,377 shares during the period. Institutional investors and hedge funds own 85.56% of the company’s stock.

Alexander & Baldwin Company Profile

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Alexander & Baldwin, Inc engages in real estate business. It operates through the following segments: Commercial Real Estate, Land Operations, and Materials and Construction. The Commercial Real Estate segment includes investments and acquisitions, construction and development, in-house leasing and property management, and asset management.