TheStreet cut shares of Maui Land & Pineapple (NYSE:MLP) from a b- rating to a c+ rating in a research report sent to investors on Tuesday.

Maui Land & Pineapple (MLP) opened at $11.80 on Tuesday. Maui Land & Pineapple has a twelve month low of $7.45 and a twelve month high of $27.80. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a market capitalization of $225.49, a price-to-earnings ratio of 11.57 and a beta of 0.03.

Institutional investors and hedge funds have recently modified their holdings of the stock. New York State Common Retirement Fund bought a new position in shares of Maui Land & Pineapple in the 2nd quarter worth $146,000. State Board of Administration of Florida Retirement System bought a new position in shares of Maui Land & Pineapple in the 3rd quarter worth $158,000. Malaga Cove Capital LLC bought a new position in shares of Maui Land & Pineapple in the 3rd quarter worth $182,000. Cornerstone Capital Management Holdings LLC. bought a new position in shares of Maui Land & Pineapple in the 2nd quarter worth $198,000. Finally, Citadel Advisors LLC bought a new position in shares of Maui Land & Pineapple in the 2nd quarter worth $220,000. Institutional investors own 25.44% of the company’s stock.

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Maui Land & Pineapple Company Profile

Maui Land & Pineapple Company, Inc is a landholding and operating company. The Company’s segments include Real Estate, which consists of land planning and entitlement, development and sales activities of its landholdings on Maui; Leasing, which includes residential, resort, agricultural, commercial, and industrial land and property leases, licensing of its registered trademarks and trade names, and stewardship and conservation efforts; Utilities, which includes the operations of its Hawaii Public Utilities Commission-regulated subsidiaries, including Kapalua Water Company, Ltd.

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