Maui Land & Pineapple (NYSE:MLP) Upgraded to “Hold” by StockNews.com

StockNews.com upgraded shares of Maui Land & Pineapple (NYSE:MLP) from a sell rating to a hold rating in a report released on Wednesday morning.

Separately, TheStreet lowered Maui Land & Pineapple from a c rating to a d+ rating in a research report on Monday, August 28th.

Maui Land & Pineapple Stock Down 1.0 %

Shares of NYSE MLP opened at $14.53 on Wednesday. The company has a market cap of $285.08 million, a price-to-earnings ratio of -24.22 and a beta of 0.59. The firm’s fifty day moving average is $13.98 and its 200 day moving average is $13.87. Maui Land & Pineapple has a 52 week low of $8.31 and a 52 week high of $15.95.

Maui Land & Pineapple (NYSE:MLP) last released its quarterly earnings data on Friday, August 18th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $2.47 million during the quarter. Maui Land & Pineapple had a negative net margin of 129.01% and a negative return on equity of 35.21%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MLP. Dimensional Fund Advisors LP boosted its stake in shares of Maui Land & Pineapple by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 252,647 shares of the financial services provider’s stock valued at $2,807,000 after purchasing an additional 2,111 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Maui Land & Pineapple by 1.1% in the first quarter. Vanguard Group Inc. now owns 287,176 shares of the financial services provider’s stock worth $3,191,000 after buying an additional 3,215 shares during the period. State Street Corp boosted its position in Maui Land & Pineapple by 9.2% during the 1st quarter. State Street Corp now owns 26,192 shares of the financial services provider’s stock valued at $291,000 after acquiring an additional 2,200 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of Maui Land & Pineapple during the 3rd quarter worth approximately $123,000. Finally, Susquehanna International Group LLP bought a new position in shares of Maui Land & Pineapple in the 4th quarter worth approximately $110,000. 21.49% of the stock is owned by hedge funds and other institutional investors.

About Maui Land & Pineapple

Maui Land & Pineapple Company, Inc, together with its subsidiaries, develops, manages, and sells residential, resort, commercial, agricultural, and industrial real estate properties in the United States. It operates through Real Estate, Leasing, and Resort Amenities segments. The Real Estate segment is involved in the land planning and entitlement; and development and sale of its landholdings on Maui.