Ejf Capital Lowers stake in Alexander & Baldwin Inc (ALEX)

Alexander & Baldwin Inc (ALEX) : Ejf Capital reduced its stake in Alexander & Baldwin Inc by 16.99% during the most recent quarter end. The investment management company now holds a total of 2,365,542 shares of Alexander & Baldwin Inc which is valued at $84.4 Million after selling 484,257 shares in Alexander & Baldwin Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Alexander & Baldwin Inc makes up approximately 8.38% of Ejf Capital’s portfolio.

Other Hedge Funds, Including , Ancora Advisors boosted its stake in ALEX in the latest quarter, The investment management firm added 5,566 additional shares and now holds a total of 39,134 shares of Alexander & Baldwin Inc which is valued at $1.4 Million. Alexander & Baldwin Inc makes up approx 0.17% of Ancora Advisors’s portfolio.Ridgeworth Capital Management boosted its stake in ALEX in the latest quarter, The investment management firm added 87,379 additional shares and now holds a total of 829,925 shares of Alexander & Baldwin Inc which is valued at $29.6 Million. Alexander & Baldwin Inc makes up approx 0.26% of Ridgeworth Capital Management’s portfolio.Los Angeles Capital Management Equity Research Inc reduced its stake in ALEX by selling 200 shares or 0.59% in the most recent quarter. The Hedge Fund company now holds 33,571 shares of ALEX which is valued at $1.2 Million. Alexander & Baldwin Inc makes up approx 0.01% of Los Angeles Capital Management Equity Research Inc’s portfolio.Td Asset Management Inc boosted its stake in ALEX in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 16,600 shares of Alexander & Baldwin Inc which is valued at $609,054.Swiss National Bank boosted its stake in ALEX in the latest quarter, The investment management firm added 15,200 additional shares and now holds a total of 75,600 shares of Alexander & Baldwin Inc which is valued at $2.8 Million.

Alexander & Baldwin Inc closed down -0.14 points or -0.39% at $35.96 with 1,18,829 shares getting traded on Wednesday. Post opening the session at $36, the shares hit an intraday low of $35.62 and an intraday high of $36.03 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Alexander & Baldwin Inc reported $-0.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.35 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $0.20. The company had revenue of $108.80 million for the quarter, compared to analysts expectations of $151.30 million. The company’s revenue was down -27.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.51 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.

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