Maui Land & Pineapple (NYSE:MLP) Shares Cross Below 200-Day Moving Average – Here’s Why

Maui Land & Pineapple Company, Inc. (NYSE:MLP)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $22.24 and traded as low as $19.78. Maui Land & Pineapple shares last traded at $19.97, with a volume of 8,524 shares.

Maui Land & Pineapple Trading Down 0.1 %

The firm has a market cap of $391.97 million, a P/E ratio of -86.80 and a beta of 0.48. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.86 and a current ratio of 2.86. The firm has a fifty day moving average of $20.61 and a 200-day moving average of $22.24.

Institutional Investors Weigh In On Maui Land & Pineapple

Hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC increased its holdings in shares of Maui Land & Pineapple by 296.9% in the 3rd quarter. Barclays PLC now owns 10,815 shares of the financial services provider’s stock worth $243,000 after acquiring an additional 8,090 shares during the period. Geode Capital Management LLC increased its stake in shares of Maui Land & Pineapple by 0.8% in 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 purchasing an additional 1,333 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Maui Land & Pineapple by 18.8% during the third quarter. BNP Paribas Financial Markets now owns 3,765 shares of the financial services provider’s stock valued at $85,000 after buying an additional 595 shares during the last quarter. State Street Corp boosted its position in shares of Maui Land & Pineapple by 4.5% during the third 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 period. Finally, JPMorgan Chase & Co. grew its holdings in Maui Land & Pineapple by 61.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,551 shares of the financial services provider’s stock worth $125,000 after buying an additional 2,122 shares in the last quarter. 24.55% of the stock is currently owned by institutional investors.

About Maui Land & Pineapple

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.