29,203 Shares in Alexander & Baldwin, Inc. (NYSE:ALEX) Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC bought a new position in Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 29,203 shares of the financial services provider's stock, valued at approximately $561,000.

A number of other institutional investors have also modified their holdings of ALEX. GAMMA Investing LLC lifted its stake in Alexander & Baldwin by 103.3% during 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 bought a new position in shares of Alexander & Baldwin in the 2nd quarter worth about $35,000. Allspring Global Investments Holdings LLC bought a new position in shares of Alexander & Baldwin in the 1st quarter worth about $41,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Alexander & Baldwin by 34.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,818 shares of the financial services provider's stock valued at $54,000 after buying an additional 727 shares during the period. Finally, Quarry LP grew its position in shares of Alexander & Baldwin by 577.4% during the 2nd quarter. Quarry LP now owns 5,047 shares of the financial services provider's stock valued at $86,000 after buying an additional 4,302 shares during the last quarter. Institutional investors and hedge funds own 91.29% of the company's stock.

Analyst Upgrades and Downgrades

ALEX has been the subject of a number of research reports. Piper Sandler restated an "overweight" rating and issued a $23.00 target price (up from $22.00) on shares of Alexander & Baldwin in a research note on Friday, October 25th. StockNews.com raised Alexander & Baldwin from a "hold" rating to a "buy" rating in a research report on Friday. Finally, Alliance Global Partners began 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. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Alexander & Baldwin currently has an average rating of "Moderate Buy" and an average price target of $21.67.

Alexander & Baldwin Stock Performance

ALEX traded up $0.22 during trading hours on Friday, hitting $19.30. The company's stock had a trading volume of 245,151 shares, compared to its average volume of 276,290. The company has a 50-day simple moving average of $19.09 and a 200 day simple moving average of $18.18. 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 firm has a market capitalization of $1.40 billion, a PE ratio of 31.13 and a beta of 1.26. Alexander & Baldwin, Inc. has a fifty-two week low of $15.53 and a fifty-two week high of $20.30.

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.