Maui Land & Pineapple (NYSE:MLP) Stock Price Down 0.2% - Time to Sell?

Maui Land & Pineapple Company, Inc. (NYSE:MLP - Get Free Report) shares were down 0.2% on Friday . The stock traded as low as $22.85 and last traded at $23.06. Approximately 6,647 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 19,046 shares. The stock had previously closed at $23.11.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Maui Land & Pineapple from a "hold" rating to a "sell" rating in a report on Tuesday, August 13th.

Maui Land & Pineapple Price Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 2.86 and a quick ratio of 2.86. The company has a 50-day moving average price of $23.14 and a 200 day moving average price of $22.60.

Hedge Funds Weigh In On Maui Land & Pineapple

A number of large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its stake in shares of Maui Land & Pineapple by 18.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,765 shares of the financial services provider's stock worth $85,000 after acquiring an additional 595 shares in the last quarter. Barclays PLC grew its holdings in Maui Land & Pineapple by 296.9% in the third quarter. Barclays PLC now owns 10,815 shares of the financial services provider's stock worth $243,000 after purchasing an additional 8,090 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Maui Land & Pineapple by 3.4% during the second quarter. Bank of New York Mellon Corp now owns 20,032 shares of the financial services provider's stock worth $442,000 after purchasing an additional 660 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Maui Land & Pineapple by 1.0% during the 2nd quarter. Renaissance Technologies LLC now owns 107,449 shares of the financial services provider's stock valued at $2,369,000 after purchasing an additional 1,100 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Maui Land & Pineapple by 4.5% in the 3rd quarter. State Street Corp now owns 107,366 shares of the financial services provider's stock worth $2,410,000 after purchasing an additional 4,654 shares in the last quarter. 24.55% of the stock is currently owned by institutional investors.

Maui Land & Pineapple Company Profile

Maui Land & Pineapple Company, Inc, together with its subsidiaries, engages in the planning, managing, developing, and selling residential, resort, commercial, agricultural, and industrial real estate properties in the United States. It operates through Land Development & Sales, Leasing, and Resort Amenities segments.