Renaissance Technologies LLC Takes Position in Alexander & Baldwin Inc (NYSE:ALEX)

Renaissance Technologies LLC purchased a new stake in shares of Alexander & Baldwin Inc (NYSE:ALEX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 27,531 shares of the financial services provider’s stock, valued at approximately $636,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. FMR LLC boosted its holdings in shares of Alexander & Baldwin by 4.9% during the first quarter. FMR LLC now owns 1,829,958 shares of the financial services provider’s stock valued at $46,554,000 after acquiring an additional 86,180 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Alexander & Baldwin by 137.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,303,879 shares of the financial services provider’s stock valued at $30,120,000 after acquiring an additional 755,171 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Alexander & Baldwin by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 772,937 shares of the financial services provider’s stock valued at $17,854,000 after acquiring an additional 6,916 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Alexander & Baldwin by 4.9% during the fourth quarter. Geode Capital Management LLC now owns 768,971 shares of the financial services provider’s stock valued at $14,133,000 after acquiring an additional 35,612 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Alexander & Baldwin by 18.4% during the second quarter. JPMorgan Chase & Co. now owns 531,866 shares of the financial services provider’s stock valued at $12,371,000 after acquiring an additional 82,519 shares during the period. 76.66% of the stock is owned by institutional investors.

In related news, Director Stanley M. Kuriyama sold 6,300 shares of Alexander & Baldwin stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $22.74, for a total transaction of $143,262.00. Following the sale, the director now directly owns 319,235 shares in the company, valued at $7,259,403.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director W Allen Doane, Jr. sold 8,529 shares of Alexander & Baldwin stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $22.61, for a total transaction of $192,840.69. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,429 shares of company stock worth $633,778. Company insiders own 6.40% of the company’s stock.

Shares of ALEX opened at $24.11 on Friday. Alexander & Baldwin Inc has a 1 year low of $17.58 and a 1 year high of $25.69. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a fifty day moving average of $23.92 and a 200-day moving average of $23.67.

Alexander & Baldwin (NYSE:ALEX) last announced its quarterly earnings results on Thursday, August 1st. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.15). Alexander & Baldwin had a negative net margin of 17.28% and a negative return on equity of 9.07%. The firm had revenue of $109.10 million for the quarter, compared to analyst estimates of $104.63 million. During the same period last year, the firm posted $0.03 EPS. The business’s revenue was down 2.7% compared to the same quarter last year.

Alexander & Baldwin Company Profile

Alexander & Baldwin, Inc is Hawai`i's premier commercial real estate company and the state's foremost owner of grocery-anchored retail centers. A&B is a fully integrated real estate investment trust and owns, operates and manages approximately 3.5 million square feet of primarily retail and industrial space in Hawai`i, and is a major landowner in the state.

Featured Story: What is a capital gain?

Want to see what other hedge funds are holding ALEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alexander & Baldwin Inc (NYSE:ALEX).

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

Receive News & Ratings for Alexander & Baldwin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexander & Baldwin and related companies with MarketBeat.com's FREE daily email newsletter.