Mutual of America Capital Management LLC Has $210,000 Stock Position in Alexander & Baldwin, Inc. (NYSE:ALEX)

Mutual of America Capital Management LLC lessened its position in shares of Alexander & Baldwin, Inc. (NYSE:ALEX) by 8.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,923 shares of the financial services provider’s stock after selling 1,009 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Alexander & Baldwin were worth $210,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of Alexander & Baldwin by 103.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,494 shares of the financial services provider’s stock worth $29,000 after buying an additional 759 shares during the period. Rothschild Investment LLC acquired a new position in Alexander & Baldwin during the second quarter worth $35,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Alexander & Baldwin by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,818 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 727 shares during the period. KBC Group NV boosted its stake in shares of Alexander & Baldwin by 53.6% in the 3rd quarter. KBC Group NV now owns 3,835 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 1,338 shares in the last quarter. Finally, Quarry LP grew its holdings in shares of Alexander & Baldwin by 577.4% in the 2nd quarter. Quarry LP now owns 5,047 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 4,302 shares during the last quarter. 91.29% of the stock is currently owned by institutional investors and hedge funds.

Alexander & Baldwin Stock Down 0.6 %

Shares of ALEX opened at $19.67 on Friday. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 31.73 and a beta of 1.26. Alexander & Baldwin, Inc. has a 52 week low of $15.53 and a 52 week high of $20.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.35. The business’s fifty day moving average price is $19.07 and its two-hundred day moving average price is $18.37.

Analysts Set New Price Targets

Several analysts have weighed in on ALEX shares. 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. Alliance Global Partners started coverage on Alexander & Baldwin in a research report on Thursday, August 8th. They set a “buy” rating and a $22.00 price target on the stock. Finally, StockNews.com upgraded Alexander & Baldwin from a “hold” rating to a “buy” rating in a research report on Monday, November 25th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, Alexander & Baldwin presently has a consensus rating of “Buy” and an average target price of $21.67.

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.