The Tower Research Capital LLC TRC Purchases 3,428 Shares of Alexander & Baldwin (ALEX)

The Tower Research Capital LLC TRC Purchases 3,428  Shares of Alexander & Baldwin (ALEX)

Tower Research Capital LLC TRC bought a new stake in shares of Alexander & Baldwin (NYSE:ALEX) during the second quarter, Holdings Channel reports. The firm bought 3,428 shares of the company’s stock, valued at approximately $124,000.

A number of other institutional investors have also added to or reduced their stakes in ALEX. Aperio Group LLC raised its stake in shares of Alexander & Baldwin by 62.9% in the first quarter. Aperio Group LLC now owns 13,630 shares of the company’s stock valued at $500,000 after buying an additional 5,264 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Alexander & Baldwin by 53.9% in the first quarter. IFP Advisors Inc now owns 2,754 shares of the company’s stock valued at $101,000 after buying an additional 965 shares in the last quarter. Ngam Advisors L.P. raised its stake in shares of Alexander & Baldwin by 3.5% in the first quarter. Ngam Advisors L.P. now owns 81,442 shares of the company’s stock valued at $2,987,000 after buying an additional 2,769 shares in the last quarter. BlackRock Inc. raised its stake in shares of Alexander & Baldwin by 10.4% in the first quarter. BlackRock Inc. now owns 18,751 shares of the company’s stock valued at $687,000 after buying an additional 1,766 shares in the last quarter. Finally, BlackRock Group LTD raised its stake in shares of Alexander & Baldwin by 14.3% in the first quarter. BlackRock Group LTD now owns 38,365 shares of the company’s stock valued at $1,407,000 after buying an additional 4,810 shares in the last quarter. Hedge funds and other institutional investors own 77.00% of the company’s stock.

Shares of Alexander & Baldwin (NYSE:ALEX) opened at 37.55 on Wednesday. The firm’s 50-day moving average price is $38.99 and its 200 day moving average price is $37.95. The firm’s market capitalization is $1.84 billion. Alexander & Baldwin has a 52 week low of $28.82 and a 52 week high of $42.80.

Alexander & Baldwin (NYSE:ALEX) last released its quarterly earnings data on Wednesday, July 27th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.19. The company had revenue of $102.70 million for the quarter, compared to the consensus estimate of $159.09 million. Alexander & Baldwin had a positive return on equity of 3.17% and a negative net margin of 2.87%. The business’s revenue was down 33.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.20 earnings per share. On average, analysts anticipate that Alexander & Baldwin will post $0.97 EPS for the current year.

Separately, JMP Securities lowered Alexander & Baldwin from an “outperform” rating to a “market perform” rating and set a $44.00 price target for the company. in a research note on Friday, August 26th. They noted that the move was a valuation call.

In other news, insider Stanley M. Kuriyama sold 4,250 shares of the firm’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $38.35, for a total transaction of $162,987.50. Following the completion of the sale, the insider now directly owns 237,986 shares of the company’s stock, valued at approximately $9,126,763.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 7.70% of the company’s stock.

Alexander & Baldwin Company Profile

Alexander & Baldwin, Inc (A&B) is engaged in real estate development, real estate leasing, materials and construction, and agribusiness. The Company operates in four segments: Real Estate Development and Sales, Real Estate Leasing, Materials and Construction, and Agribusiness. Real estate activities are conducted through A&B Properties, Inc and other subsidiaries of A&B.

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