Alexander & Baldwin Holdings, Inc. $ALEX Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its stake in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 3.1% during the second quarter, Holdings Channel.com reports. The fund owned 204,518 shares of the financial services provider’s stock after purchasing an additional 6,205 shares during the period. Asset Management One Co. Ltd.’s holdings in Alexander & Baldwin were worth $3,647,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Alexander & Baldwin by 1.5% during the first quarter. Vanguard Group Inc. now owns 11,650,160 shares of the financial services provider’s stock worth $200,732,000 after buying an additional 172,992 shares in the last quarter. Millennium Management LLC lifted its position in Alexander & Baldwin by 81.8% in the 1st quarter. Millennium Management LLC now owns 737,931 shares of the financial services provider’s stock worth $12,715,000 after buying an additional 331,969 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Alexander & Baldwin by 5.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 524,469 shares of the financial services provider’s stock worth $9,037,000 after buying an additional 24,904 shares in the last quarter. Regency Capital Management Inc. DE lifted its stake in shares of Alexander & Baldwin by 21.7% in the 1st quarter. Regency Capital Management Inc. DE now owns 524,304 shares of the financial services provider’s stock valued at $9,034,000 after purchasing an additional 93,557 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in shares of Alexander & Baldwin by 29.5% in the 1st quarter. Allianz Asset Management GmbH now owns 506,034 shares of the financial services provider’s stock valued at $8,719,000 after purchasing an additional 115,161 shares during the last quarter. 91.29% of the stock is currently owned by institutional investors.

Alexander & Baldwin Trading Down 2.0%

Shares of NYSE ALEX opened at $16.69 on Wednesday. Alexander & Baldwin Holdings, Inc. has a 1-year low of $15.70 and a 1-year high of $19.97. The company has a market cap of $1.21 billion, a PE ratio of 15.59, a P/E/G ratio of 1.52 and a beta of 1.04. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average of $18.03 and a two-hundred day moving average of $17.83.

Analysts Set New Price Targets

Several research analysts recently commented on ALEX shares. JMP Securities reiterated a “market perform” rating on shares of Alexander & Baldwin in a report on Tuesday, September 2nd. Weiss Ratings lowered shares of Alexander & Baldwin from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Alexander & Baldwin currently has a consensus rating of “Hold” and a consensus price target of $24.00.

Alexander & Baldwin Company Profile

Alexander & Baldwin, Inc engages in the real estate business. It operates through the Commercial Real Estate and Land Operations segments. The Commercial Real Estate segment includes investments and acquisitions, construction and development, and in-house leasing and property management. The Land Operations segment consists of legacy landholdings, assets, and liabilities subject to the company’s simplification and monetization effort.