First Hawaiian Bank Lowers stake in Alexander & Baldwin Inc (ALEX)

Alexander & Baldwin Inc (ALEX) : First Hawaiian Bank reduced its stake in Alexander & Baldwin Inc by 0.29% during the most recent quarter end. The investment management company now holds a total of 67,636 shares of Alexander & Baldwin Inc which is valued at $2,548,524 after selling 197 shares in Alexander & Baldwin Inc , the firm said in a disclosure report filed with the SEC on Jul 13, 2016.Alexander & Baldwin Inc makes up approximately 0.43% of First Hawaiian Bank’s portfolio.

Other Hedge Funds, Including , Capstone Asset Management Co boosted its stake in ALEX in the latest quarter, The investment management firm added 2,230 additional shares and now holds a total of 9,733 shares of Alexander & Baldwin Inc which is valued at $366,739. Alexander & Baldwin Inc makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Fruth Investment Management reduced its stake in ALEX by selling 500 shares or 8.2% in the most recent quarter. The Hedge Fund company now holds 5,600 shares of ALEX which is valued at $211,008. Alexander & Baldwin Inc makes up approx 0.10% of Fruth Investment Management’s portfolio.Ckw Financial Group boosted its stake in ALEX in the latest quarter, The investment management firm added 46,750 additional shares and now holds a total of 57,253 shares of Alexander & Baldwin Inc which is valued at $2,100,040. Alexander & Baldwin Inc makes up approx 0.74% of Ckw Financial Group’s portfolio.

Alexander & Baldwin Inc closed down -0.26 points or -0.69% at $37.58 with 1,06,009 shares getting traded on Monday. Post opening the session at $37.53, the shares hit an intraday low of $37.51 and an intraday high of $38.022 and the price fluctuated in this range throughout the day.Shares ended Monday 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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