Zeke Capital Advisors LLC acquired a new position in shares of Alexander & Baldwin Inc (NYSE:ALEX) during the third quarter, HoldingsChannel reports. The fund acquired 12,047 shares of the financial services provider’s stock, valued at approximately $273,000.

A number of other large investors also recently modified their holdings of the business. Northern Trust Corp boosted its stake in shares of Alexander & Baldwin by 1.6% in the 2nd quarter. Northern Trust Corp now owns 1,020,897 shares of the financial services provider’s stock valued at $23,992,000 after purchasing an additional 15,780 shares during the last quarter. Oakview Capital Management L.P. boosted its stake in shares of Alexander & Baldwin by 7.1% in the 3rd quarter. Oakview Capital Management L.P. now owns 650,147 shares of the financial services provider’s stock valued at $14,752,000 after purchasing an additional 42,870 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Alexander & Baldwin by 20.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 555,582 shares of the financial services provider’s stock valued at $12,606,000 after purchasing an additional 94,614 shares during the last quarter. Adelante Capital Management LLC bought a new position in shares of Alexander & Baldwin in the 2nd quarter valued at about $9,750,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Alexander & Baldwin by 13.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 382,653 shares of the financial services provider’s stock valued at $8,993,000 after purchasing an additional 44,897 shares during the last quarter. 75.84% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:ALEX opened at $21.17 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.85 and a quick ratio of 0.85. Alexander & Baldwin Inc has a fifty-two week low of $19.14 and a fifty-two week high of $45.47.

Alexander & Baldwin (NYSE:ALEX) last announced its quarterly earnings results on Thursday, November 1st. The financial services provider reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.09. The business had revenue of $119.40 million for the quarter, compared to the consensus estimate of $107.27 million. Alexander & Baldwin had a net margin of 59.08% and a return on equity of 6.55%. Alexander & Baldwin’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the company posted $0.15 EPS.

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

In related news, Director Stanley M. Kuriyama sold 6,300 shares of the stock in a transaction that occurred on Wednesday, October 3rd. The shares were sold at an average price of $21.65, for a total value of $136,395.00. Following the sale, the director now directly owns 362,339 shares in the company, valued at approximately $7,844,639.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 18,901 shares of company stock worth $416,264 over the last quarter. 6.70% of the stock is currently owned by corporate insiders.

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Alexander & Baldwin Profile

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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