Alexander & Baldwin Inc (ALEX) : Fourpoints Investment Managers S.a.s. added new position in Alexander & Baldwin Inc during the most recent quarter end. The investment management firm now holds 77,300 shares of Alexander & Baldwin Inc which is valued at $3,203,312 , the company said in a statement filed on Aug 11, 2016 with the SEC.Alexander & Baldwin Inc makes up approximately 2.12% of Fourpoints Investment Managers S.a.s.’s portfolio.
Other Hedge Funds, Including , Hightower Advisors sold out all of its stake in ALEX during the most recent quarter. The investment firm sold 21,960 shares of ALEX which is valued $910,022.New York State Common Retirement Fund boosted its stake in ALEX in the latest quarter, The investment management firm added 2,700 additional shares and now holds a total of 49,600 shares of Alexander & Baldwin Inc which is valued at $2,055,424.New York State Teachers Retirement System boosted its stake in ALEX in the latest quarter, The investment management firm added 2,500 additional shares and now holds a total of 70,652 shares of Alexander & Baldwin Inc which is valued at $2,674,178. Alexander & Baldwin Inc makes up approx 0.01% of New York State Teachers Retirement System’s portfolio.Reinhart Partners boosted its stake in ALEX in the latest quarter, The investment management firm added 2,580 additional shares and now holds a total of 61,210 shares of Alexander & Baldwin Inc which is valued at $2,316,799. Alexander & Baldwin Inc makes up approx 0.22% of Reinhart Partners’s portfolio.
Alexander & Baldwin Inc opened for trading at $42.05 and hit $42.8 on the upside on Tuesday, eventually ending the session at $42.07, with a gain of 0.57% or 0.24 points. The heightened volatility saw the trading volume jump to 1,55,338 shares. Company has a market cap of $2,061 M.
On the company’s financial health, Alexander & Baldwin Inc reported $-0.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.17 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.16. The company had revenue of $102.70 million for the quarter, compared to analysts expectations of $159.09 million. The company’s revenue was down -33.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.20 EPS.
Alexander & Baldwin Inc. (A&B) is a company engaged in real estate development real estate leasing materials and construction and agribusiness. The Company operates in four segments: Real Estate Development and Sales Real Estate Leasing Materials and Construction and Agribusiness. The Real Estate Development and Sales segment generates its revenues through a program of land stewardship planning entitlement development real estate investment and sale of land and commercial and residential properties in Hawaii. The Real Estate Leasing segment owns operates and manages a portfolio of 60 retail office and industrial properties in Hawaii and on the Mainland totaling 5.1 million square feet of gross leasable area (GLA). The Materials and Construction segment performs asphalt paving as prime contractor and subcontractor. The Agribusiness segment produces bulk raw sugar specialty food grade sugars and molasses.