Goldman Sachs Group Inc. reduced its stake in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 23.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,719 shares of the financial services provider’s stock after selling 37,699 shares during the period. Goldman Sachs Group Inc. owned approximately 0.25% of Alexander & Baldwin Holdings worth $5,552,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC increased its stake in Alexander & Baldwin Holdings by 0.3% in the fourth quarter. AQR Capital Management LLC now owns 56,884 shares of the financial services provider’s stock worth $2,553,000 after buying an additional 160 shares in the last quarter. Norges Bank acquired a new stake in Alexander & Baldwin Holdings during the fourth quarter worth $20,010,000. Teachers Advisors LLC increased its stake in Alexander & Baldwin Holdings by 5.0% in the fourth quarter. Teachers Advisors LLC now owns 77,618 shares of the financial services provider’s stock worth $3,483,000 after buying an additional 3,719 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Alexander & Baldwin Holdings by 2.6% in the first quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the financial services provider’s stock worth $521,000 after buying an additional 300 shares in the last quarter. Finally, Hermes Investment Management Ltd. increased its stake in Alexander & Baldwin Holdings by 2.8% in the first quarter. Hermes Investment Management Ltd. now owns 489,251 shares of the financial services provider’s stock worth $21,781,000 after buying an additional 13,168 shares in the last quarter. Institutional investors and hedge funds own 75.58% of the company’s stock.
Alexander & Baldwin Holdings, Inc. (ALEX) traded down 0.64% during mid-day trading on Friday, hitting $42.05. 267,165 shares of the stock were exchanged. Alexander & Baldwin Holdings, Inc. has a 52-week low of $36.98 and a 52-week high of $46.87. The stock has a 50 day moving average of $42.27 and a 200-day moving average of $43.15. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 213.45 and a beta of 1.43.
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Separately, BidaskClub raised shares of Alexander & Baldwin Holdings from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 20th.
In other Alexander & Baldwin Holdings news, Director Stanley M. Kuriyama sold 4,250 shares of Alexander & Baldwin Holdings stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $43.45, for a total value of $184,662.50. Following the transaction, the director now owns 255,883 shares in the company, valued at $11,118,116.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 12,750 shares of company stock worth $530,740 in the last quarter. 7.60% of the stock is owned by insiders.
About Alexander & Baldwin Holdings
Alexander & Baldwin, Inc (A&B) is a real estate company. The Company operates through three segments: Commercial Real Estate, Land Operations, and Materials and Construction. In addition to its 15 retail centers in Hawaii, the Company owned seven industrial assets, seven office properties and a portfolio of urban ground leases comprising 106 acres in Hawaii, as of December 31, 2016.
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