Nuveen Asset Management LLC trimmed its holdings in Alexander & Baldwin Inc (NYSE:ALEX) by 22.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 635,184 shares of the financial services provider’s stock after selling 186,338 shares during the quarter. Nuveen Asset Management LLC owned about 0.88% of Alexander & Baldwin worth $11,674,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Essex Investment Management Co. LLC purchased a new stake in Alexander & Baldwin in the fourth quarter valued at $61,000. Bank of Montreal Can raised its holdings in shares of Alexander & Baldwin by 159.7% in the fourth quarter. Bank of Montreal Can now owns 4,033 shares of the financial services provider’s stock valued at $74,000 after buying an additional 2,480 shares during the last quarter. Dupont Capital Management Corp purchased a new stake in shares of Alexander & Baldwin in the fourth quarter valued at about $124,000. Laurion Capital Management LP purchased a new stake in shares of Alexander & Baldwin in the third quarter valued at about $223,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Alexander & Baldwin in the fourth quarter valued at about $186,000. Institutional investors and hedge funds own 79.40% of the company’s stock.
ALEX traded up $0.15 on Monday, hitting $24.09. 186,919 shares of the company were exchanged, compared to its average volume of 311,122. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.74 and a current ratio of 2.74. Alexander & Baldwin Inc has a fifty-two week low of $17.58 and a fifty-two week high of $25.69.
Separately, TheStreet upgraded shares of Alexander & Baldwin from a “d+” rating to a “c-” rating in a research note on Tuesday, January 29th.
In other Alexander & Baldwin news, Director Stanley M. Kuriyama sold 6,300 shares of the company’s stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $23.57, for a total value of $148,491.00. Following the sale, the director now owns 335,586 shares of the company’s stock, valued at $7,909,762.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 18,900 shares of company stock worth $441,315 in the last ninety days. Insiders own 6.40% of the company’s stock.
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Alexander & Baldwin Company Profile
Alexander & Baldwin, Inc is Hawai`i's premier commercial real estate company and the state's foremost owner of grocery-anchored retail centers. A&B is a fully integrated real estate investment trust and owns, operates and manages approximately 3.5 million square feet of primarily retail and industrial space in Hawai`i, and is a major landowner in the state.
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