Maui Land & Pineapple (NYSE:MLP) Rating Lowered to Hold at ValuEngine

ValuEngine cut shares of Maui Land & Pineapple (NYSE:MLP) from a buy rating to a hold rating in a research report sent to investors on Monday morning, ValuEngine reports.

Shares of NYSE:MLP traded down $0.03 during trading on Monday, reaching $10.72. 2 shares of the company were exchanged, compared to its average volume of 5,804. The firm has a market capitalization of $201.44 million, a PE ratio of 347.67 and a beta of 0.85. The business’s fifty day simple moving average is $10.45 and its 200-day simple moving average is $10.70. Maui Land & Pineapple has a 12-month low of $9.23 and a 12-month high of $12.84.

Maui Land & Pineapple (NYSE:MLP) last issued its earnings results on Wednesday, August 7th. The financial services provider reported ($0.01) EPS for the quarter. The company had revenue of $3.11 million for the quarter. Maui Land & Pineapple had a return on equity of 2.70% and a net margin of 7.17%.

An institutional investor recently raised its position in Maui Land & Pineapple stock. Renaissance Technologies LLC boosted its holdings in shares of Maui Land & Pineapple Co. (NYSE:MLP) by 2.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 144,500 shares of the financial services provider’s stock after buying an additional 3,400 shares during the quarter. Renaissance Technologies LLC owned approximately 0.75% of Maui Land & Pineapple worth $1,487,000 as of its most recent SEC filing. Institutional investors own 15.52% of the company’s stock.

Maui Land & Pineapple Company Profile

Maui Land & Pineapple Company, Inc, together with its subsidiaries, develops, sells, and manages residential, resort, commercial, agricultural, and industrial real estate properties in the United States. The company operates through Real Estate, Leasing, Utilities, and Resort Amenities segments. The Real Estate segment is involved in the land planning and entitlement, development, and sales activities; and general brokerage real estate business.

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