Asset Management One Co. Ltd. Increases Stock Position in Alexander & Baldwin Holdings, Inc. $ALEX

Asset Management One Co. Ltd. grew its stake in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 3.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 204,518 shares of the financial services provider’s stock after acquiring an additional 6,205 shares during the period. Asset Management One Co. Ltd. owned about 0.28% of Alexander & Baldwin worth $3,647,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Alexander & Baldwin by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 11,650,160 shares of the financial services provider’s stock worth $200,732,000 after purchasing an additional 172,992 shares during the last quarter. Millennium Management LLC grew its stake in shares of Alexander & Baldwin by 81.8% during the 1st quarter. Millennium Management LLC now owns 737,931 shares of the financial services provider’s stock valued at $12,715,000 after buying an additional 331,969 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Alexander & Baldwin by 5.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 524,469 shares of the financial services provider’s stock worth $9,037,000 after purchasing an additional 24,904 shares during the period. Regency Capital Management Inc. DE boosted its position in Alexander & Baldwin by 21.7% during the 1st quarter. Regency Capital Management Inc. DE now owns 524,304 shares of the financial services provider’s stock worth $9,034,000 after purchasing an additional 93,557 shares during the period. Finally, Allianz Asset Management GmbH boosted its position in Alexander & Baldwin by 29.5% during the 1st quarter. Allianz Asset Management GmbH now owns 506,034 shares of the financial services provider’s stock worth $8,719,000 after purchasing an additional 115,161 shares during the period. 91.29% of the stock is currently owned by institutional investors and hedge funds.

Alexander & Baldwin Price Performance

NYSE ALEX opened at $16.69 on Wednesday. Alexander & Baldwin Holdings, Inc. has a 52 week low of $15.70 and a 52 week high of $19.97. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.44. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 1.52 and a beta of 1.04. The company has a 50-day moving average price of $18.03 and a two-hundred day moving average price of $17.83.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ALEX shares. JMP Securities reaffirmed a “market perform” rating on shares of Alexander & Baldwin in a research report on Tuesday, September 2nd. Weiss Ratings lowered shares of Alexander & Baldwin from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Alexander & Baldwin presently has an average rating of “Hold” and an average price target of $24.00.

Alexander & Baldwin Profile

Alexander & Baldwin, Inc engages in the real estate business. It operates through the Commercial Real Estate and Land Operations segments. The Commercial Real Estate segment includes investments and acquisitions, construction and development, and in-house leasing and property management. The Land Operations segment consists of legacy landholdings, assets, and liabilities subject to the company’s simplification and monetization effort.