Alexander & Baldwin Inc (ALEX) Position Decreased by Bank of New York Mellon Corp
Bank of New York Mellon Corp decreased its stake in Alexander & Baldwin Inc (NYSE:ALEX) by 0.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 784,219 shares of the financial services provider’s stock after selling 5,331 shares during the quarter. Bank of New York Mellon Corp’s holdings in Alexander & Baldwin were worth $17,794,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently added to or reduced their stakes in ALEX. Zeke Capital Advisors LLC acquired a new stake in Alexander & Baldwin during the 3rd quarter worth about $273,000. Raymond James & Associates acquired a new stake in Alexander & Baldwin during the 2nd quarter worth about $315,000. Nisa Investment Advisors LLC boosted its position in Alexander & Baldwin by 81.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 35,719 shares of the financial services provider’s stock worth $810,000 after acquiring an additional 16,000 shares during the period. SG Americas Securities LLC boosted its position in Alexander & Baldwin by 32.7% during the 3rd quarter. SG Americas Securities LLC now owns 47,315 shares of the financial services provider’s stock worth $1,074,000 after acquiring an additional 11,655 shares during the period. Finally, CKW Financial Group acquired a new stake in Alexander & Baldwin during the 3rd quarter worth about $1,148,000. Institutional investors and hedge funds own 78.82% of the company’s stock.
In other Alexander & Baldwin news, Director Stanley M. Kuriyama sold 6,300 shares of the firm’s stock in a transaction dated Friday, December 7th. The stock was sold at an average price of $20.16, for a total transaction of $127,008.00. Following the completion of the sale, the director now directly owns 349,739 shares in the company, valued at approximately $7,050,738.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 18,900 shares of company stock valued at $400,806 over the last 90 days. Corporate insiders own 6.70% of the company’s stock.
Alexander & Baldwin (NYSE:ALEX) last announced its quarterly earnings data on Thursday, November 1st. The financial services provider reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.09. Alexander & Baldwin had a return on equity of 6.55% and a net margin of 59.08%. The firm had revenue of $119.40 million during the quarter, compared to analyst estimates of $107.27 million. During the same period last year, the company posted $0.15 EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year.
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 3.4 million square feet of primarily retail and industrial space in Hawai`i.
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