Renaissance Technologies LLC reduced its stake in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 53.2% during the first quarter, Holdings Channel reports. The firm owned 79,813 shares of the financial services provider’s stock after selling 90,687 shares during the period. Renaissance Technologies LLC’s holdings in Alexander & Baldwin Holdings were worth $3,553,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. IFP Advisors Inc raised its stake in shares of Alexander & Baldwin Holdings by 1.3% in the first quarter. IFP Advisors Inc now owns 2,580 shares of the financial services provider’s stock worth $115,000 after buying an additional 32 shares during the period. Flinton Capital Management LLC raised its stake in shares of Alexander & Baldwin Holdings by 14.6% in the first quarter. Flinton Capital Management LLC now owns 2,632 shares of the financial services provider’s stock worth $117,000 after buying an additional 336 shares during the period. Neuburgh Advisers LLC raised its stake in shares of Alexander & Baldwin Holdings by 14.6% in the first quarter. Neuburgh Advisers LLC now owns 3,196 shares of the financial services provider’s stock worth $142,000 after buying an additional 408 shares during the period. Leavell Investment Management Inc. acquired a new stake in shares of Alexander & Baldwin Holdings during the first quarter worth about $223,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Alexander & Baldwin Holdings by 186.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,282 shares of the financial services provider’s stock worth $235,000 after buying an additional 3,438 shares during the period. Hedge funds and other institutional investors own 75.81% of the company’s stock.

Shares of Alexander & Baldwin Holdings, Inc. (ALEX) traded up 0.09% during mid-day trading on Thursday, reaching $43.51. 1,606 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $41.98 and a 200 day moving average price of $43.21. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 220.86 and a beta of 1.43. Alexander & Baldwin Holdings, Inc. has a 52 week low of $36.98 and a 52 week high of $46.87.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Monday, August 7th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.28 annualized dividend and a dividend yield of 0.64%. Alexander & Baldwin Holdings’s payout ratio is currently 133.33%.

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Separately, BidaskClub upgraded shares of Alexander & Baldwin Holdings from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 20th.

In related news, Director Stanley M. Kuriyama sold 4,250 shares of the firm’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $39.68, for a total transaction of $168,640.00. Following the sale, the director now directly owns 264,383 shares in the company, valued at approximately $10,490,717.44. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 7.60% of the company’s stock.

Alexander & Baldwin Holdings Company Profile

Alexander & Baldwin, Inc (A&B) is a real estate company. The Company operates through three segments: Commercial Real Estate, Land Operations, and Materials and Construction. In addition to its 15 retail centers in Hawaii, the Company owned seven industrial assets, seven office properties and a portfolio of urban ground leases comprising 106 acres in Hawaii, as of December 31, 2016.

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Institutional Ownership by Quarter for Alexander & Baldwin Holdings (NYSE:ALEX)

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