Maui Land & Pineapple (NYSE:MLP) Stock Rating Cut to Strong Sell at Wall Street Zen

Wall Street Zen cut shares of Maui Land & Pineapple (NYSE:MLP) from a sell rating to a strong sell rating in a report issued on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings cut shares of Maui Land & Pineapple from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, October 19th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Maui Land & Pineapple has a consensus rating of “Sell”.

Maui Land & Pineapple Stock Down 2.1%

Shares of NYSE:MLP traded down $0.32 during midday trading on Friday, reaching $14.73. The company had a trading volume of 8,278 shares, compared to its average volume of 16,813. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.17 and a quick ratio of 0.90. The stock’s fifty day moving average price is $15.29 and its 200-day moving average price is $16.25. The stock has a market capitalization of $292.64 million, a P/E ratio of -64.06 and a beta of 0.68. Maui Land & Pineapple has a one year low of $13.76 and a one year high of $19.92.

Maui Land & Pineapple (NYSE:MLP) last posted its quarterly earnings results on Friday, August 14th. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter. Maui Land & Pineapple had a negative net margin of 28.65% and a negative return on equity of 14.25%. The company had revenue of $3.70 million during the quarter.

Hedge Funds Weigh In On Maui Land & Pineapple

Large investors have recently bought and sold shares of the business. Steinberganna Wealth Management grew its stake in Maui Land & Pineapple by 6.9% during the 3rd quarter. Steinberganna Wealth Management now owns 18,000 shares of the financial services provider’s stock worth $287,000 after buying an additional 1,160 shares during the last quarter. Valueworks LLC increased its position in Maui Land & Pineapple by 0.3% in the third quarter. Valueworks LLC now owns 1,241,827 shares of the financial services provider’s stock worth $19,807,000 after buying an additional 4,068 shares during the period. Deutsche Bank AG acquired a new stake in Maui Land & Pineapple in the second quarter worth $85,000. TSP Capital Management Group LLC lifted its stake in Maui Land & Pineapple by 0.6% in the third quarter. TSP Capital Management Group LLC now owns 1,105,301 shares of the financial services provider’s stock valued at $17,630,000 after buying an additional 6,400 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in Maui Land & Pineapple in the first quarter valued at $159,000. Institutional investors own 24.55% of the company’s stock.

Maui Land & Pineapple Company Profile

Maui Land & Pineapple Company, Inc. is a landholding and operating company focused on West Maui, Hawaii. Its activities include land planning and development, real estate leasing, and management of land and related resources. The company owns approximately 22,000 acres on Maui, including land in and around the Kapalua resort community. Through its operations, it is involved in residential and commercial property, resort-area planning, and water services. Maui Land & Pineapple has historical roots in the island’s agricultural economy, including pineapple production.