Thrivent Financial for Lutherans Sells 3,233 Shares of Alexander & Baldwin, Inc. (NYSE:ALEX)

Thrivent Financial for Lutherans lessened its holdings in Alexander & Baldwin, Inc. (NYSE:ALEX) by 5.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 57,029 shares of the financial services provider’s stock after selling 3,233 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of Alexander & Baldwin worth $1,095,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Louisiana State Employees Retirement System lifted its holdings in Alexander & Baldwin by 1.7% during the second quarter. Louisiana State Employees Retirement System now owns 36,500 shares of the financial services provider’s stock worth $619,000 after buying an additional 600 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in shares of Alexander & Baldwin by 5.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 13,732 shares of the financial services provider’s stock worth $264,000 after purchasing an additional 683 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in 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 purchasing an additional 727 shares in the last quarter. Van ECK Associates Corp boosted its position in Alexander & Baldwin by 7.0% during the second quarter. Van ECK Associates Corp now owns 11,136 shares of the financial services provider’s stock valued at $189,000 after purchasing an additional 733 shares in the last quarter. Finally, GAMMA Investing LLC grew 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 valued at $29,000 after purchasing an additional 759 shares during the last quarter. 91.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on ALEX. Piper Sandler reissued an “overweight” rating and set a $23.00 price target (up from $22.00) on shares of Alexander & Baldwin in a research report on Friday, October 25th. Alliance Global Partners began coverage on shares of Alexander & Baldwin in a research note on Thursday, August 8th. They issued a “buy” rating and a $22.00 target price for the company. Finally, StockNews.com raised shares of Alexander & Baldwin from a “hold” rating to a “buy” rating in a report on Monday, November 25th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Alexander & Baldwin has a consensus rating of “Buy” and a consensus price target of $21.67.

Alexander & Baldwin Stock Performance

ALEX opened at $19.68 on Monday. The company has a market cap of $1.43 billion, a P/E ratio of 31.74 and a beta of 1.26. 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 firm’s 50-day moving average price is $19.07 and its 200-day moving average price is $18.39. Alexander & Baldwin, Inc. has a 52-week low of $15.53 and a 52-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.