Isthmus Partners LLC Cuts Stock Position in Alexander & Baldwin, Inc. (NYSE:ALEX)

Isthmus Partners LLC decreased its position in shares of Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) by 20.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 163,509 shares of the financial services provider's stock after selling 41,902 shares during the period. Isthmus Partners LLC owned approximately 0.23% of Alexander & Baldwin worth $3,139,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Alexander & Baldwin by 103.3% in the third quarter. GAMMA Investing LLC now owns 1,494 shares of the financial services provider's stock worth $29,000 after purchasing an additional 759 shares during the last quarter. Rothschild Investment LLC purchased a new stake in Alexander & Baldwin during the 2nd quarter valued at about $35,000. Mirae Asset Global Investments Co. Ltd. grew its position in Alexander & Baldwin by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,818 shares of the financial services provider's stock worth $54,000 after acquiring an additional 727 shares during the last quarter. KBC Group NV increased its stake in Alexander & Baldwin by 53.6% in the 3rd quarter. KBC Group NV now owns 3,835 shares of the financial services provider's stock worth $74,000 after purchasing an additional 1,338 shares during the period. Finally, Quarry LP boosted its stake in shares of Alexander & Baldwin by 577.4% during the second quarter. Quarry LP now owns 5,047 shares of the financial services provider's stock valued at $86,000 after purchasing an additional 4,302 shares during the period. Institutional investors own 91.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ALEX. Alliance Global Partners started coverage on shares of Alexander & Baldwin in a report on Thursday, August 8th. They set a "buy" rating and a $22.00 price target for the company. Piper Sandler reaffirmed an "overweight" rating and set a $23.00 price objective (up from $22.00) on shares of Alexander & Baldwin in a research note on Friday, October 25th. Finally, StockNews.com raised Alexander & Baldwin from a "hold" rating to a "buy" rating in a research note on Monday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Alexander & Baldwin currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.67.

Alexander & Baldwin Trading Down 0.6 %

Shares of ALEX traded down $0.11 during trading hours on Friday, reaching $19.67. 274,756 shares of the company traded hands, compared to its average volume of 322,112. Alexander & Baldwin, Inc. has a 12 month low of $15.53 and a 12 month high of $20.30. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.47. The company's fifty day moving average price is $19.07 and its two-hundred day moving average price is $18.37. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 31.73 and a beta of 1.26.

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.