Maui Land & Pineapple (NYSE:MLP) Rating Lowered to Sell at Wall Street Zen

Maui Land & Pineapple (NYSE:MLP) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Maui Land & Pineapple Stock Performance

NYSE MLP opened at $15.87 on Friday. Maui Land & Pineapple has a 52-week low of $14.05 and a 52-week high of $26.46. The firm has a market capitalization of $313.38 million, a price-to-earnings ratio of -69.01 and a beta of 0.76. The company’s fifty day moving average is $15.86 and its two-hundred day moving average is $19.06. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.86 and a quick ratio of 2.86.

Maui Land & Pineapple (NYSE:MLP) last released its earnings results on Thursday, May 15th. The financial services provider reported ($0.44) earnings per share for the quarter. Maui Land & Pineapple had a negative return on equity of 14.23% and a negative net margin of 40.09%. The firm had revenue of $5.80 million for the quarter.

Institutional Investors Weigh In On Maui Land & Pineapple

A number of institutional investors have recently bought and sold shares of MLP. JPMorgan Chase & Co. boosted its stake in Maui Land & Pineapple by 61.9% during the third quarter. JPMorgan Chase & Co. now owns 5,551 shares of the financial services provider’s stock worth $125,000 after buying an additional 2,122 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Maui Land & Pineapple by 11.0% during the 4th quarter. Bank of New York Mellon Corp now owns 16,145 shares of the financial services provider’s stock valued at $355,000 after acquiring an additional 1,603 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Maui Land & Pineapple during the 4th quarter valued at about $1,648,000. Cannell & Spears LLC boosted its holdings in Maui Land & Pineapple by 3.9% during the fourth quarter. Cannell & Spears LLC now owns 26,455 shares of the financial services provider’s stock valued at $581,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Maui Land & Pineapple by 115.0% during the fourth quarter. Wells Fargo & Company MN now owns 5,208 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 2,786 shares in the last quarter. Institutional investors and hedge funds own 24.55% of the company’s stock.

Maui Land & Pineapple Company Profile

Maui Land & Pineapple Co, Inc is a landholding and operating company, which engages in the development, sale, and management of real estate. It operates through the following segments: Real Estate, Leasing, and Resort Amenities. The Real Estate segment includes land planning and entitlement, development, and sales activities.