GSA Capital Partners LLP Lowers Stock Position in Alexander & Baldwin, Inc. (NYSE:ALEX)

GSA Capital Partners LLP reduced its position in Alexander & Baldwin, Inc. (NYSE:ALEX) by 85.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 10,869 shares of the financial services provider’s stock after selling 62,439 shares during the period. GSA Capital Partners LLP’s holdings in Alexander & Baldwin were worth $209,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALEX. Harbor Capital Advisors Inc. lifted its holdings in Alexander & Baldwin by 101.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 221,692 shares of the financial services provider’s stock worth $4,256,000 after buying an additional 111,392 shares in the last quarter. Hantz Financial Services Inc. bought a new position in Alexander & Baldwin during the 2nd quarter worth $1,386,000. Reinhart Partners LLC. lifted its stake in Alexander & Baldwin by 2.9% in the third quarter. Reinhart Partners LLC. now owns 2,553,912 shares of the financial services provider’s stock valued at $49,035,000 after buying an additional 72,240 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Alexander & Baldwin by 0.6% during the first quarter. Vanguard Group Inc. now owns 11,725,230 shares of the financial services provider’s stock worth $193,115,000 after acquiring an additional 71,797 shares during the last quarter. Finally, Wakefield Asset Management LLLP acquired a new stake in shares of Alexander & Baldwin in the 2nd quarter worth about $948,000. Institutional investors and hedge funds own 91.29% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. StockNews.com upgraded Alexander & Baldwin from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Alliance Global Partners assumed coverage on shares of Alexander & Baldwin in a research report on Thursday, August 8th. They issued a “buy” rating and a $22.00 target price for the company. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $23.00 price target (up from $22.00) on shares of Alexander & Baldwin in a research note on Friday, October 25th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Alexander & Baldwin currently has an average rating of “Moderate Buy” and an average target price of $21.67.

Alexander & Baldwin Price Performance

Shares of NYSE ALEX opened at $19.36 on Monday. Alexander & Baldwin, Inc. has a twelve month low of $15.53 and a twelve month high of $20.30. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average of $19.08 and a two-hundred day moving average of $18.28. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 31.23 and a beta of 1.26.

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.