Alexander & Baldwin, Inc. (NYSE:ALEX) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP decreased its holdings in shares of Alexander & Baldwin, Inc. (NYSE:ALEX) by 85.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,869 shares of the financial services provider’s stock after selling 62,439 shares during the period. GSA Capital Partners LLP’s holdings in Alexander & Baldwin were worth $209,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ALEX. GAMMA Investing LLC grew its stake in shares of Alexander & Baldwin by 103.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,494 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 759 shares during the last quarter. Rothschild Investment LLC purchased a new position in Alexander & Baldwin in the 2nd quarter valued at $35,000. Mirae Asset Global Investments Co. Ltd. increased its stake in 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. Quarry LP raised its position in Alexander & Baldwin by 577.4% during the 2nd quarter. Quarry LP now owns 5,047 shares of the financial services provider’s stock worth $86,000 after buying an additional 4,302 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its stake in shares of Alexander & Baldwin by 274.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 6,737 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 4,937 shares during the period. Institutional investors and hedge funds own 91.29% of the company’s stock.

Alexander & Baldwin Stock Up 0.2 %

Alexander & Baldwin stock opened at $19.36 on Monday. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 31.23 and a beta of 1.26. 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 fifty-two week low of $15.53 and a fifty-two week high of $20.30. The stock’s fifty day moving average is $19.08 and its two-hundred day moving average is $18.28.

Wall Street Analysts Forecast Growth

ALEX has been the subject of a number of recent analyst reports. Piper Sandler restated an “overweight” rating and issued a $23.00 price objective (up previously from $22.00) on shares of Alexander & Baldwin in a research report on Friday, October 25th. StockNews.com raised Alexander & Baldwin from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Finally, Alliance Global Partners started coverage on shares of Alexander & Baldwin in a research report on Thursday, August 8th. They set a “buy” rating and a $22.00 target price on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.67.

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.