Maui Land & Pineapple (NYSE:MLP) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Maui Land & Pineapple Company, Inc. (NYSE:MLP) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $22.71 and traded as low as $22.22. Maui Land & Pineapple shares last traded at $22.43, with a volume of 10,904 shares changing hands.

Maui Land & Pineapple Stock Down 2.5 %

The stock has a market cap of $429.35 million, a P/E ratio of -95.08 and a beta of 0.47. 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 50 day simple moving average of $22.90 and a two-hundred day simple moving average of $22.72.

Hedge Funds Weigh In On Maui Land & Pineapple

Large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its holdings in Maui Land & Pineapple by 3.4% during the second quarter. Bank of New York Mellon Corp now owns 20,032 shares of the financial services provider’s stock worth $442,000 after acquiring an additional 660 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Maui Land & Pineapple by 1.0% in the 2nd quarter. Renaissance Technologies LLC now owns 107,449 shares of the financial services provider’s stock worth $2,369,000 after purchasing an additional 1,100 shares in the last quarter. Herr Investment Group LLC lifted its stake in Maui Land & Pineapple by 25.4% during the second quarter. Herr Investment Group LLC now owns 526,386 shares of the financial services provider’s stock valued at $11,607,000 after purchasing an additional 106,784 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in 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 worth $85,000 after buying an additional 595 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Maui Land & Pineapple by 4.5% in the third quarter. State Street Corp now owns 107,366 shares of the financial services provider’s stock valued at $2,410,000 after buying an additional 4,654 shares in the last quarter. Institutional investors and hedge funds own 24.55% of the company’s stock.

Maui Land & Pineapple Company Profile

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.