Maui Land & Pineapple (NYSE:MLP) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Maui Land & Pineapple Company, Inc. (NYSE:MLP)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $22.63 and traded as low as $19.37. Maui Land & Pineapple shares last traded at $20.05, with a volume of 13,179 shares trading hands.

Maui Land & Pineapple Stock Up 1.4 %

The company has a market cap of $393.62 million, a price-to-earnings ratio of -87.17 and a beta of 0.49. The stock’s 50-day moving average is $21.72 and its 200-day moving average is $22.63. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.09.

Hedge Funds Weigh In On Maui Land & Pineapple

Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC increased its holdings in shares of Maui Land & Pineapple by 0.8% during the third quarter. Geode Capital Management LLC now owns 167,830 shares of the financial services provider’s stock valued at $3,768,000 after acquiring an additional 1,333 shares in the last quarter. Renaissance Technologies LLC lifted 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 worth $2,369,000 after acquiring an additional 1,100 shares during the period. State Street Corp boosted its holdings in shares of Maui Land & Pineapple by 4.5% in the 3rd quarter. State Street Corp now owns 107,366 shares of the financial services provider’s stock worth $2,410,000 after buying an additional 4,654 shares during the last quarter. Barclays PLC boosted its stake in Maui Land & Pineapple by 296.9% in the third quarter. Barclays PLC now owns 10,815 shares of the financial services provider’s stock valued at $243,000 after acquiring an additional 8,090 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Maui Land & Pineapple by 61.9% in the third quarter. JPMorgan Chase & Co. now owns 5,551 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 2,122 shares during the last quarter. Institutional investors and hedge funds own 24.55% of the company’s stock.

Maui Land & Pineapple Company Profile

Maui Land & Pineapple Co, Inc is a landholding and operating company, which engages in the development, sale, and management of real estate. It operates through the following segments: Real Estate, Leasing, and Resort Amenities. The Real Estate segment includes land planning and entitlement, development, and sales activities.