Maui Land & Pineapple (NYSE:MLP) Downgraded by StockNews.com to Sell

StockNews.com cut shares of Maui Land & Pineapple (NYSE:MLP) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.

Maui Land & Pineapple Price Performance

Shares of NYSE:MLP opened at $22.27 on Tuesday. Maui Land & Pineapple has a 1 year low of $11.58 and a 1 year high of $24.50. The stock’s fifty day moving average price is $21.83 and its 200-day moving average price is $20.95. The company has a market cap of $438.50 million, a P/E ratio of -148.47 and a beta of 0.47.

Institutional Investors Weigh In On Maui Land & Pineapple

A number of hedge funds have recently added to or reduced their stakes in the stock. Herr Investment Group LLC lifted its holdings in Maui Land & Pineapple by 47.8% in the first quarter. Herr Investment Group LLC now owns 419,602 shares of the financial services provider’s stock valued at $9,089,000 after acquiring an additional 135,791 shares during the period. CastleKnight Management LP lifted its stake in shares of Maui Land & Pineapple by 29.3% in the 4th quarter. CastleKnight Management LP now owns 35,302 shares of the financial services provider’s stock worth $561,000 after purchasing an additional 8,002 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Maui Land & Pineapple by 154.4% in the first quarter. BNP Paribas Financial Markets now owns 6,245 shares of the financial services provider’s stock worth $135,000 after buying an additional 3,790 shares during the last quarter. Bfsg LLC bought a new stake in Maui Land & Pineapple during the fourth quarter valued at approximately $52,000. Finally, Renaissance Technologies LLC increased its holdings in Maui Land & Pineapple by 1.0% during the second quarter. Renaissance Technologies LLC now owns 107,449 shares of the financial services provider’s stock valued at $2,369,000 after buying an additional 1,100 shares during the last quarter. 24.55% of the stock is currently owned by hedge funds and other institutional investors.

About Maui Land & Pineapple

Maui Land & Pineapple Company, Inc, together with its subsidiaries, engages in the planning, managing, developing, and selling residential, resort, commercial, agricultural, and industrial real estate properties in the United States. It operates through Land Development & Sales, Leasing, and Resort Amenities segments.