Alexander & Baldwin (NYSE:ALEX) Reaches New 12-Month Low – What’s Next?

Alexander & Baldwin Holdings, Inc. (NYSE:ALEX)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $15.34 and last traded at $15.4220, with a volume of 216452 shares trading hands. The stock had previously closed at $15.46.

Analyst Ratings Changes

A number of equities analysts have weighed in on ALEX shares. Weiss Ratings restated a “hold (c)” rating on shares of Alexander & Baldwin in a research report on Wednesday. Piper Sandler set a $21.00 price objective on Alexander & Baldwin in a research note on Monday, November 3rd. Finally, JMP Securities restated a “market perform” rating on shares of Alexander & Baldwin in a report on Tuesday, September 2nd. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $21.00.

Alexander & Baldwin Stock Up 1.5%

The business has a 50-day moving average of $16.88 and a 200-day moving average of $17.69. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 14.63, a P/E/G ratio of 1.47 and a beta of 1.09. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.20 and a current ratio of 0.20.

Alexander & Baldwin (NYSE:ALEX) last posted its quarterly earnings data on Friday, October 31st. The financial services provider reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). Alexander & Baldwin had a return on equity of 7.81% and a net margin of 33.94%.The company had revenue of $50.25 million for the quarter, compared to analysts’ expectations of $50.69 million. On average, sell-side analysts expect that Alexander & Baldwin Holdings, Inc. will post 1.35 EPS for the current year.

Institutional Trading of Alexander & Baldwin

A number of large investors have recently made changes to their positions in the company. Evelyn Partners Asset Management Ltd purchased a new stake in shares of Alexander & Baldwin during the 2nd quarter worth approximately $25,000. Jones Financial Companies Lllp purchased a new position in Alexander & Baldwin during the 1st quarter worth approximately $41,000. Parallel Advisors LLC increased its position in Alexander & Baldwin by 76.7% during 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 period. Elevation Point Wealth Partners LLC acquired a new position in shares of Alexander & Baldwin in the 2nd quarter valued at $46,000. Finally, GAMMA Investing LLC boosted its stake in shares of Alexander & Baldwin by 52.5% during the third quarter. GAMMA Investing LLC now owns 2,736 shares of the financial services provider’s stock worth $50,000 after buying an additional 942 shares during the period. 91.29% of the stock is currently owned by hedge funds and other institutional investors.

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.