Rock Point Advisors LLC Sells 4,920 Shares of Alexander & Baldwin, Inc. (NYSE:ALEX)

Rock Point Advisors LLC cut its holdings in shares of Alexander & Baldwin, Inc. (NYSE:ALEX) by 2.3% during the third quarter, Holdings Channel.com reports. The firm owned 211,290 shares of the financial services provider’s stock after selling 4,920 shares during the period. Rock Point Advisors LLC’s holdings in Alexander & Baldwin were worth $4,057,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ALEX. Vanguard Group Inc. increased its holdings in shares of Alexander & Baldwin by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 11,725,230 shares of the financial services provider’s stock valued at $193,115,000 after acquiring an additional 71,797 shares during the period. Reinhart Partners LLC. grew its stake in Alexander & Baldwin by 2.9% in the third quarter. Reinhart Partners LLC. now owns 2,553,912 shares of the financial services provider’s stock valued at $49,035,000 after purchasing an additional 72,240 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Alexander & Baldwin by 10.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,970,393 shares of the financial services provider’s stock worth $37,832,000 after purchasing an additional 190,357 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Alexander & Baldwin by 3.1% during the third quarter. Victory Capital Management Inc. now owns 965,435 shares of the financial services provider’s stock valued at $18,536,000 after buying an additional 29,006 shares during the last quarter. Finally, Mesirow Institutional Investment Management Inc. boosted its holdings in shares of Alexander & Baldwin by 1.7% in the 2nd quarter. Mesirow Institutional Investment Management Inc. now owns 516,368 shares of the financial services provider’s stock valued at $8,758,000 after buying an additional 8,554 shares in the last quarter. Institutional investors own 91.29% of the company’s stock.

Alexander & Baldwin Stock Performance

Shares of NYSE:ALEX traded up $0.18 on Tuesday, hitting $19.62. 32,613 shares of the company were exchanged, compared to its average volume of 320,570. 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 stock’s 50 day moving average price is $19.07 and its 200 day moving average price is $18.31. Alexander & Baldwin, Inc. has a 1-year low of $15.53 and a 1-year high of $20.30. The firm has a market capitalization of $1.43 billion, a P/E ratio of 31.36 and a beta of 1.26.

Analyst Upgrades and Downgrades

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

Alexander & Baldwin Company 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.