Maui Land & Pineapple (NYSE:MLP) Stock Crosses Below 200-Day Moving Average – What’s Next?

Maui Land & Pineapple Company, Inc. (NYSE:MLP)’s share price 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 Price Performance

The stock has a market capitalization of $440.35 million, a PE ratio of -97.52 and a beta of 0.47. The stock’s 50 day moving average price is $22.91 and its 200-day moving average price is $22.71. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.09.

Hedge Funds Weigh In On Maui Land & Pineapple

A number of large investors have recently bought and sold shares of MLP. Herr Investment Group LLC boosted its position in Maui Land & Pineapple by 25.4% during the 2nd quarter. Herr Investment Group LLC now owns 526,386 shares of the financial services provider’s stock valued at $11,607,000 after acquiring an additional 106,784 shares in the last quarter. Barclays PLC lifted its stake in shares of Maui Land & Pineapple by 296.9% during the 3rd quarter. Barclays PLC now owns 10,815 shares of the financial services provider’s stock worth $243,000 after purchasing an additional 8,090 shares during the last quarter. State Street Corp boosted its position in 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 valued at $2,410,000 after purchasing an additional 4,654 shares in the last quarter. JPMorgan Chase & Co. grew 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. Finally, Geode Capital Management LLC raised its holdings in 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 worth $3,768,000 after purchasing an additional 1,333 shares in the last quarter. Institutional investors own 24.55% of the company’s stock.

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.