Oppenheimer & Co. Inc. Sells 5,900 Shares of Maui Land & Pineapple Company, Inc. (NYSE:MLP)

Oppenheimer & Co. Inc. reduced its stake in Maui Land & Pineapple Company, Inc. (NYSE:MLP) by 2.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 198,565 shares of the financial services provider’s stock after selling 5,900 shares during the period. Oppenheimer & Co. Inc. owned approximately 1.01% of Maui Land & Pineapple worth $4,458,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in MLP. BNP Paribas Financial Markets grew its holdings in shares of Maui Land & Pineapple by 154.4% during the 1st quarter. BNP Paribas Financial Markets now owns 6,245 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 3,790 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Maui Land & Pineapple by 3.4% during the second quarter. Bank of New York Mellon Corp now owns 20,032 shares of the financial services provider’s stock worth $442,000 after buying an additional 660 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Maui Land & Pineapple by 1.0% in the 2nd quarter. Renaissance Technologies LLC now owns 107,449 shares of the financial services provider’s stock valued at $2,369,000 after buying an additional 1,100 shares during the period. Finally, Herr Investment Group LLC lifted its holdings in shares of Maui Land & Pineapple by 47.8% during the 1st quarter. Herr Investment Group LLC now owns 419,602 shares of the financial services provider’s stock worth $9,089,000 after acquiring an additional 135,791 shares during the period. Institutional investors and hedge funds own 24.55% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Maui Land & Pineapple from a “hold” rating to a “sell” rating in a research note on Tuesday, August 13th.

Maui Land & Pineapple Price Performance

MLP stock opened at $22.71 on Friday. Maui Land & Pineapple Company, Inc. has a 12 month low of $13.76 and a 12 month high of $26.46. The firm has a 50-day moving average price of $23.13 and a 200-day moving average price of $22.32.

Maui Land & Pineapple (NYSE:MLP) last released its quarterly earnings results on Monday, August 19th. The financial services provider reported ($0.09) EPS for the quarter. The company had revenue of $2.65 million during the quarter. Maui Land & Pineapple had a negative net margin of 34.12% and a negative return on equity of 11.32%.

About Maui Land & Pineapple

Maui Land & Pineapple Company, Inc, together with its subsidiaries, engages in the planning, managing, developing, and selling residential, resort, commercial, agricultural, and industrial real estate properties in the United States. It operates through Land Development & Sales, Leasing, and Resort Amenities segments.