CKW Financial Group Boosts Holdings in Alexander & Baldwin, Inc. (NYSE:ALEX)

CKW Financial Group lifted its stake in shares of Alexander & Baldwin, Inc. (NYSE:ALEX) by 5.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,785 shares of the financial services provider’s stock after purchasing an additional 924 shares during the period. CKW Financial Group’s holdings in Alexander & Baldwin were worth $320,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its stake in Alexander & Baldwin by 10.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,970,393 shares of the financial services provider’s stock worth $37,832,000 after buying an additional 190,357 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Alexander & Baldwin by 101.0% in the third quarter. Harbor Capital Advisors Inc. now owns 221,692 shares of the financial services provider’s stock worth $4,256,000 after acquiring an additional 111,392 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of Alexander & Baldwin during the second quarter worth approximately $1,386,000. Reinhart Partners LLC. increased its position in shares of Alexander & Baldwin by 2.9% during the third quarter. Reinhart Partners LLC. now owns 2,553,912 shares of the financial services provider’s stock worth $49,035,000 after purchasing an additional 72,240 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Alexander & Baldwin by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 11,725,230 shares of the financial services provider’s stock valued at $193,115,000 after purchasing an additional 71,797 shares during the last quarter. Institutional investors and hedge funds own 91.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ALEX shares. Alliance Global Partners initiated coverage on shares of Alexander & Baldwin in a report on Thursday, August 8th. They set a “buy” rating and a $22.00 target price for the company. Piper Sandler reaffirmed an “overweight” rating and set a $23.00 price objective (up previously from $22.00) on shares of Alexander & Baldwin in a research note on Friday, October 25th. Finally, StockNews.com upgraded shares of Alexander & Baldwin from a “hold” rating to a “buy” rating in a report on Monday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.67.

Alexander & Baldwin Trading Down 0.2 %

Alexander & Baldwin stock traded down $0.03 during midday trading on Tuesday, hitting $19.41. 44,756 shares of the stock were exchanged, compared to its average volume of 320,642. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 31.65 and a beta of 1.26. The stock’s 50-day simple moving average is $19.07 and its 200 day simple moving average is $18.31. Alexander & Baldwin, Inc. has a fifty-two week low of $15.53 and a fifty-two week high of $20.30.

Alexander & Baldwin Company Profile

Alexander & Baldwin, Inc (NYSE: ALEX) (A&B) is the only publicly-traded real estate investment trust to focus exclusively on Hawai’i commercial real estate and is the state’s largest owner of grocery-anchored, neighborhood shopping centers. A&B owns, operates and manages approximately 3.9 million square feet of commercial space in Hawai’i, including 22 retail centers, 13 industrial assets and four office properties, as well as 142.0 acres of ground lease assets.