Short Interest Watching: Alexander & Baldwin Incorporated (NYSE:ALEX) Could Burn Your Long Portfolio After More Shorts

November 24, 2016 - By Nellie Frank   ·   0 Comments

Short Interest Watching: Alexander & Baldwin Incorporated (NYSE:ALEX) Could Burn Your Long Portfolio After More Shorts

The stock of Alexander & Baldwin Incorporated (NYSE:ALEX) registered an increase of 3.33% in short interest. ALEX’s total short interest was 1.70M shares in November as published by FINRA. Its up 3.33% from 1.64M shares, reported previously. With 150,000 shares average volume, it will take short sellers 11 days to cover their ALEX’s short positions. The short interest to Alexander & Baldwin Incorporated’s float is 3.69%. The stock increased 0.28% or $0.12 on November 23, hitting $43.75. About 169,740 shares traded hands or 2.47% up from the average. Alexander & Baldwin Inc (NYSE:ALEX) has risen 12.90% since April 22, 2016 and is uptrending. It has outperformed by 7.49% the S&P500.

Alexander & Baldwin, Inc. is engaged in real estate development, real estate leasing, materials and construction, and agribusiness. The company has a market cap of $2.17 billion. The Firm operates in four divisions: Real Estate Development and Sales, Real Estate Leasing, Materials and Construction, and Agribusiness. It currently has negative earnings. Real estate activities are conducted through A&B Properties, Inc. and other subsidiaries of A&B.

Insitutional Activity: The institutional sentiment decreased to 0.63 in Q2 2016. Its down 0.36, from 0.99 in 2016Q1. The ratio is negative, as 12 funds sold all Alexander & Baldwin Inc shares owned while 62 reduced positions. 7 funds bought stakes while 66 increased positions. They now own 37.47 million shares or 0.35% less from 37.60 million shares in 2016Q1.
Arrowpoint Asset Mngmt Ltd Liability Com accumulated 431,677 shares or 0.32% of the stock. Teachers Retirement System Of The State Of Kentucky, a Kentucky-based fund reported 9,100 shares. Moreover, Weaver C Barksdale & Associates Incorporated has 0.01% invested in Alexander & Baldwin Inc (NYSE:ALEX) for 72 shares. Mutual Of America Management Llc holds 0.03% or 32,936 shares in its portfolio. Hermes Invest Mngmt Limited holds 325,308 shares or 0.24% of its portfolio. Next Finance Grp Inc Inc holds 200 shares or 0% of its portfolio. Guggenheim Cap accumulated 478,939 shares or 0.05% of the stock. Moreover, Diversified Trust has 0.08% invested in Alexander & Baldwin Inc (NYSE:ALEX) for 18,419 shares. Schwab Charles Investment Mgmt has 161,788 shares for 0.01% of their US portfolio. Wfg Advsr Lp reported 132 shares or 0% of all its holdings. Creative Planning holds 0% of its portfolio in Alexander & Baldwin Inc (NYSE:ALEX) for 833 shares. Advisory has 1.01% invested in the company for 1.62M shares. Seabridge Advisors Limited reported 210,599 shares or 1.92% of all its holdings. Moreover, Teacher Retirement Sys Of Texas has 0% invested in Alexander & Baldwin Inc (NYSE:ALEX) for 6,133 shares. Fifth Third Commercial Bank has invested 0.02% of its portfolio in Alexander & Baldwin Inc (NYSE:ALEX).

Insider Transactions: Since May 25, 2016, the stock had 2 insider buys, and 7 selling transactions for $2.16 million net activity. 2,300 shares with value of $82,256 were bought by Hulihee David C on Wednesday, May 25. KURIYAMA STANLEY M sold $159,112 worth of stock or 4,250 shares. DOANE W ALLEN JR had sold 30,000 shares worth $1.30M on Wednesday, November 16.

Alexander & Baldwin Inc (NYSE:ALEX) Ratings Coverage

Out of 3 analysts covering Alexander & Baldwin (NYSE:ALEX), 1 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 33% are positive. Alexander & Baldwin has been the topic of 3 analyst reports since September 2, 2015 according to StockzIntelligence Inc. The firm has “Market Perform” rating given on Friday, August 26 by JMP Securities. Zacks downgraded the stock to “Sell” rating in Wednesday, September 2 report.

ALEX Company Profile

Alexander & Baldwin, Inc. (A&B), incorporated in 1900, is engaged in real estate development, real estate leasing, materials and construction, and agribusiness. The Firm operates in four divisions: Real Estate Development and Sales, Real Estate Leasing, Materials and Construction, and Agribusiness. The Company’s real estate divisions engage in real estate development and ownership activities, including planning, zoning, financing, constructing, purchasing, managing, leasing, selling, exchanging and investing in real property. Real estate activities are conducted through A&B Properties, Inc. and other subsidiaries of A&B.

More notable recent Alexander & Baldwin Inc (NYSE:ALEX) news were published by: Prnewswire.com which released: “Alexander & Baldwin Announces Third Quarter 2016 Earnings Release And Webcast” on October 20, 2016, also Quotes.Wsj.com with their article: “Alexander & Baldwin Inc. ALEX (US: NYSE)” published on February 11, 2011, Bizjournals.com published: “A&B ending sugar operations on Maui, laying off more than 600 employees” on January 06, 2016. More interesting news about Alexander & Baldwin Inc (NYSE:ALEX) were released by: Prnewswire.com and their article: “Alexander & Baldwin Reports Third Quarter 2016 Results” published on October 27, 2016 as well as Prnewswire.com‘s news article titled: “Clayton Chun Named Alexander & Baldwin Controller” with publication date: September 01, 2015.

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By Nellie Frank


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