Pekin Hardy Strauss Inc. Grows Stock Holdings in Alexander & Baldwin Holdings, Inc. $ALEX

Pekin Hardy Strauss Inc. boosted its stake in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 2.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 308,194 shares of the financial services provider’s stock after buying an additional 8,470 shares during the period. Pekin Hardy Strauss Inc. owned approximately 0.42% of Alexander & Baldwin worth $5,495,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in ALEX. Jones Financial Companies Lllp bought a new position in shares of Alexander & Baldwin during the first quarter valued at $41,000. Parallel Advisors LLC raised its holdings in Alexander & Baldwin by 76.7% in the second quarter. Parallel Advisors LLC now owns 2,462 shares of the financial services provider’s stock worth $44,000 after buying an additional 1,069 shares during the last quarter. CWM LLC lifted its stake in shares of Alexander & Baldwin by 188.2% in the second quarter. CWM LLC now owns 3,213 shares of the financial services provider’s stock worth $57,000 after buying an additional 2,098 shares in the last quarter. Quarry LP grew its holdings in shares of Alexander & Baldwin by 32.3% during the first quarter. Quarry LP now owns 4,264 shares of the financial services provider’s stock valued at $73,000 after buying an additional 1,042 shares during the last quarter. Finally, US Bancorp DE raised its holdings in Alexander & Baldwin by 468.6% in the 1st quarter. US Bancorp DE now owns 6,795 shares of the financial services provider’s stock worth $117,000 after acquiring an additional 5,600 shares during the last quarter. 91.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ALEX. JMP Securities reaffirmed a “market perform” rating on shares of Alexander & Baldwin in a report on Tuesday, September 2nd. Piper Sandler set a $21.00 price target on shares of Alexander & Baldwin in a report on Monday. Finally, Weiss Ratings lowered shares of Alexander & Baldwin from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $21.00.

Alexander & Baldwin Stock Performance

Shares of NYSE ALEX opened at $15.69 on Friday. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.44. Alexander & Baldwin Holdings, Inc. has a 12-month low of $15.51 and a 12-month high of $19.97. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 14.66, a price-to-earnings-growth ratio of 1.47 and a beta of 1.09. The firm has a 50 day moving average of $17.61 and a 200 day moving average of $17.79.

About Alexander & Baldwin

Alexander & Baldwin, Inc engages in the real estate business. It operates through the Commercial Real Estate and Land Operations segments. The Commercial Real Estate segment includes investments and acquisitions, construction and development, and in-house leasing and property management. The Land Operations segment consists of legacy landholdings, assets, and liabilities subject to the company’s simplification and monetization effort.