Employees Retirement System of Texas lowered its stake in Alexander & Baldwin Inc (NYSE:ALEX) by 77.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,054 shares of the financial services provider’s stock after selling 68,000 shares during the period. Employees Retirement System of Texas’ holdings in Alexander & Baldwin were worth $471,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mount Yale Investment Advisors LLC bought a new position in shares of Alexander & Baldwin in the first quarter worth $159,000. Riverhead Capital Management LLC increased its position in shares of Alexander & Baldwin by 41.8% in the first quarter. Riverhead Capital Management LLC now owns 7,923 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 2,335 shares during the period. Point72 Asia Hong Kong Ltd increased its position in shares of Alexander & Baldwin by 416.1% in the first quarter. Point72 Asia Hong Kong Ltd now owns 7,948 shares of the financial services provider’s stock worth $184,000 after purchasing an additional 6,408 shares during the period. Schroder Investment Management Group increased its position in shares of Alexander & Baldwin by 42.0% in the first quarter. Schroder Investment Management Group now owns 8,091 shares of the financial services provider’s stock worth $187,000 after purchasing an additional 2,394 shares during the period. Finally, GAM Holding AG bought a new position in shares of Alexander & Baldwin in the second quarter worth $200,000. Institutional investors own 74.94% of the company’s stock.

In other Alexander & Baldwin news, Director Stanley M. Kuriyama sold 6,300 shares of Alexander & Baldwin stock in a transaction dated Wednesday, July 11th. The stock was sold at an average price of $25.07, for a total value of $157,941.00. Following the transaction, the director now owns 381,239 shares in the company, valued at $9,557,661.73. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director W Allen Doane, Jr. sold 11,250 shares of Alexander & Baldwin stock in a transaction dated Friday, June 29th. The shares were sold at an average price of $23.14, for a total value of $260,325.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,150 shares of company stock worth $711,027. Company insiders own 6.70% of the company’s stock.

Separately, TheStreet cut Alexander & Baldwin from a “c” rating to a “d+” rating in a research report on Monday, August 6th.

Alexander & Baldwin stock opened at $23.15 on Friday. Alexander & Baldwin Inc has a 12-month low of $20.83 and a 12-month high of $46.96. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.59.

Alexander & Baldwin (NYSE:ALEX) last released its earnings results on Thursday, August 2nd. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.09). Alexander & Baldwin had a net margin of 58.20% and a return on equity of 6.28%. The business had revenue of $112.10 million during the quarter, compared to the consensus estimate of $99.93 million. During the same quarter in the prior year, the firm earned $0.09 EPS. The business’s revenue was up 14.3% on a year-over-year basis.

About Alexander & Baldwin

Alexander & Baldwin, Inc is Hawai`i's premier commercial real estate company and the state's foremost owner of grocery-anchored retail centers. With a portfolio of approximately 87,000 acres in Hawai`i, A&B is the state's fourth largest private landowner. A&B is a fully integrated real estate investment trust and owns, operates and manages 3.3 million square feet of primarily retail and industrial space in Hawai`i.

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

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