Axar Capital Management Exits Position in Alexander's (ALX)

Alexander's (ALX) : Axar Capital Management has sold out all of its stake in Alexander's during the most recent quarter, according to the disclosure filed by the company on Aug 12, 2016 with the SEC. The investment management company has sold out 5,222 shares of Alexander's which is valued at $2,302,902.

Other Hedge Funds, Including , Martingale Asset Management L P added ALX to its portfolio by purchasing 1,400 company shares during the most recent quarter which is valued at $617,400. Alexander's makes up approx 0.01% of Martingale Asset Management L P’s portfolio.Teachers Advisors Inc boosted its stake in ALX in the latest quarter, The investment management firm added 508 additional shares and now holds a total of 4,557 shares of Alexander's which is valued at $2,009,637.Public Employees Retirement Association Of Colorado reduced its stake in ALX by selling 325 shares or 36.97% in the most recent quarter. The Hedge Fund company now holds 554 shares of ALX which is valued at $237,816.

Alexander's opened for trading at $434.01 and hit $437.93 on the upside on Monday, eventually ending the session at $437.2, with a gain of 0.10% or 0.45 points. The heightened volatility saw the trading volume jump to 2,663 shares. Company has a market cap of $2,232 M.

Alexander’s Inc. (Alexander’s) is a real estate investment trust (REIT). The Company is engaged in leasing managing developing and redeveloping its properties. The Company is managed by and its properties are leased and developed by Vornado Realty Trust (Vornado). The Company operates six properties in the greater New York City metropolitan area. Its properties include 731 Lexington Avenue Rego Park I Rego Park II Paramus and Flushing. The Company’s other properties include Rego Park II Apartment Tower which is above the Company’s Rego II shopping center containing around 312 units aggregating around 255000 square feet and Rego Park III which is an approximately 3.2 acre land parcel adjacent to the Rego Park II shopping center in Queens at the intersection of Junction Boulevard and the Horace Harding Service Road.

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