Jane Street Group LLC Acquires 6,009 Shares of Alexander & Baldwin (ALEX)

Jane Street Group LLC raised its position in shares of Alexander & Baldwin (NYSE:ALEX) by 102.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,850 shares of the financial services provider’s stock after purchasing an additional 6,009 shares during the period. Jane Street Group LLC’s holdings in Alexander & Baldwin were worth $329,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Schroder Investment Management Group purchased a new position in shares of Alexander & Baldwin in the fourth quarter worth about $158,000. Bank of Montreal Can grew its stake in shares of Alexander & Baldwin by 419.7% in the fourth quarter. Bank of Montreal Can now owns 10,717 shares of the financial services provider’s stock worth $298,000 after purchasing an additional 8,655 shares during the last quarter. HBK Investments L P grew its stake in shares of Alexander & Baldwin by 88.3% in the fourth quarter. HBK Investments L P now owns 10,900 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 5,111 shares during the last quarter. New Mexico Educational Retirement Board bought a new stake in shares of Alexander & Baldwin in the fourth quarter worth about $316,000. Finally, SG Americas Securities LLC grew its stake in shares of Alexander & Baldwin by 49.0% in the fourth quarter. SG Americas Securities LLC now owns 14,548 shares of the financial services provider’s stock worth $404,000 after purchasing an additional 4,782 shares during the last quarter. 54.68% of the stock is owned by hedge funds and other institutional investors.

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In other news, Director Stanley M. Kuriyama sold 6,300 shares of the business’s stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $22.57, for a total transaction of $142,191.00. Following the completion of the sale, the director now owns 394,139 shares of the company’s stock, valued at approximately $8,895,717.23. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 6.70% of the company’s stock.

Separately, JMP Securities raised Alexander & Baldwin from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 20th.

ALEX stock opened at $22.75 on Friday. Alexander & Baldwin has a 52-week low of $21.78 and a 52-week high of $46.96. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.97.

Alexander & Baldwin (NYSE:ALEX) last announced its quarterly earnings data on Wednesday, February 28th. The financial services provider reported $0.19 earnings per share for the quarter. The company had revenue of $122.70 million during the quarter. Alexander & Baldwin had a net margin of 53.70% and a return on equity of 2.92%.

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Alexander & Baldwin Profile

Alexander & Baldwin, Inc is a Hawai`i corporation, and has elected to qualify as a Real Estate Investment Trust (REIT) beginning with the 2017 tax year. A&B owns, operates and manages 4.1 million square feet of retail, industrial and office space primarily in Hawai`i and on the U.S. Mainland, and is the largest owner of grocery/drug-anchored retail centers in Hawai`i.

Institutional Ownership by Quarter for Alexander & Baldwin (NYSE:ALEX)

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