Valueworks LLC Purchases Shares of 1,237,759 Maui Land & Pineapple Company, Inc. $MLP

Valueworks LLC acquired a new stake in shares of Maui Land & Pineapple Company, Inc. (NYSE:MLP) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,237,759 shares of the financial services provider’s stock, valued at approximately $22,007,000. Maui Land & Pineapple accounts for 4.6% of Valueworks LLC’s investment portfolio, making the stock its 6th largest holding. Valueworks LLC owned approximately 6.23% of Maui Land & Pineapple as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Strs Ohio acquired a new stake in shares of Maui Land & Pineapple in the 1st quarter valued at about $26,000. Raymond James Financial Inc. raised its stake in Maui Land & Pineapple by 1.4% during the 2nd quarter. Raymond James Financial Inc. now owns 74,555 shares of the financial services provider’s stock worth $1,356,000 after buying an additional 1,000 shares during the period. Tower Research Capital LLC TRC raised its stake in Maui Land & Pineapple by 339.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the financial services provider’s stock worth $51,000 after buying an additional 2,177 shares during the period. Deutsche Bank AG boosted its holdings in Maui Land & Pineapple by 23.4% in the fourth quarter. Deutsche Bank AG now owns 5,264 shares of the financial services provider’s stock worth $89,000 after acquiring an additional 999 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Maui Land & Pineapple by 75.8% in the fourth quarter. Wells Fargo & Company MN now owns 7,477 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 3,224 shares in the last quarter. Institutional investors own 24.55% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Weiss Ratings cut Maui Land & Pineapple from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, August 17th. Wall Street Zen lowered Maui Land & Pineapple from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Maui Land & Pineapple Stock Down 0.6%

Shares of NYSE MLP opened at $15.90 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.17 and a quick ratio of 0.90. The company has a 50-day moving average price of $16.95 and a 200-day moving average price of $16.57. The stock has a market capitalization of $315.79 million, a P/E ratio of -69.13 and a beta of 0.68. Maui Land & Pineapple Company, Inc. has a 1 year low of $13.84 and a 1 year high of $20.34.

Maui Land & Pineapple (NYSE:MLP) last posted its earnings results on Friday, August 14th. The financial services provider reported ($0.08) earnings per share for the quarter. Maui Land & Pineapple had a negative return on equity of 14.25% and a negative net margin of 28.65%.The business had revenue of $3.70 million during the quarter.

Maui Land & Pineapple Profile

Maui Land & Pineapple Company, Inc (NYSE: MLP) is a real estate development and natural resource management enterprise headquartered in Kahului on the island of Maui, Hawaii. The company maintains a diversified portfolio of commercial, industrial, retail, hospitality and residential properties, primarily serving the local Maui market. Through its property management and leasing activities, MLP supports a range of tenants and projects designed to meet the evolving needs of residents, small businesses and visitors to the island.

Originally best known for its pineapple cultivation operations dating back to the early 20th century, MLP transitioned from its agricultural roots following the divestiture of its pineapple farming business in 2009.