GSA Capital Partners LLP Decreases Stock Position in Alexander & Baldwin, Inc. (NYSE:ALEX)

GSA Capital Partners LLP lowered its position in shares of Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) by 85.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,869 shares of the financial services provider's stock after selling 62,439 shares during the quarter. GSA Capital Partners LLP's holdings in Alexander & Baldwin were worth $209,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of ALEX. Harbor Capital Advisors Inc. increased its stake in shares of Alexander & Baldwin by 101.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 221,692 shares of the financial services provider's stock worth $4,256,000 after purchasing an additional 111,392 shares during the last quarter. Hantz Financial Services Inc. purchased a new position in Alexander & Baldwin in the 2nd quarter worth $1,386,000. Reinhart Partners LLC. raised its position in Alexander & Baldwin by 2.9% in the 3rd quarter. Reinhart Partners LLC. now owns 2,553,912 shares of the financial services provider's stock worth $49,035,000 after purchasing an additional 72,240 shares during the period. Vanguard Group Inc. raised its position in 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 worth $193,115,000 after purchasing an additional 71,797 shares during the period. Finally, Wakefield Asset Management LLLP purchased a new position in shares of Alexander & Baldwin in the second quarter valued at about $948,000. Institutional investors own 91.29% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ALEX shares. Alliance Global Partners started 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 on the stock. StockNews.com upgraded shares of Alexander & Baldwin from a "hold" rating to a "buy" rating in a research report on Friday, November 15th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $23.00 target price (up from $22.00) on shares of Alexander & Baldwin in a research note on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $21.67.

Alexander & Baldwin Price Performance

Shares of NYSE ALEX traded up $0.22 during mid-day trading on Monday, reaching $19.58. The company's stock had a trading volume of 95,298 shares, compared to its average volume of 320,123. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.35. Alexander & Baldwin, Inc. has a 1-year low of $15.53 and a 1-year high of $20.30. The stock has a 50-day moving average of $19.08 and a two-hundred day moving average of $18.29. The stock has a market capitalization of $1.42 billion, a P/E ratio of 31.23 and a beta of 1.26.

Alexander & Baldwin 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.