Sun Sep 15 13:44:49 UTC 2024: ## Oppenheimer & Co. Inc. Cuts Stake in Maui Land & Pineapple

**New York, NY (Sept. 15, 2024)** – Oppenheimer & Co. Inc. has reduced its holdings in Maui Land & Pineapple Company, Inc. (NYSE: MLP) by 3.2% during the second quarter, according to the company’s latest SEC filing. This follows a trend of mixed activity by institutional investors in MLP.

Oppenheimer now owns 204,465 shares of MLP, representing approximately 1.04% of the company and valued at $4,508,000. This comes after the firm sold 6,800 shares during the quarter.

Other notable changes in MLP ownership include:

* **BNP Paribas Financial Markets** increased its stake by 154.4% in the first quarter, now owning 6,245 shares valued at $135,000.
* **Bank of New York Mellon Corp** raised its position by 3.4% in the second quarter, now owning 20,032 shares valued at $442,000.
* **CastleKnight Management LP** boosted its stake by 29.3% in the fourth quarter, now owning 35,302 shares valued at $561,000.
* **Herr Investment Group LLC** grew its position by 47.8% in the first quarter, now owning 419,602 shares valued at $9,089,000.

Overall, institutional investors own 24.55% of MLP’s stock.

On Friday, MLP opened at $24.60. The stock has a 50-day moving average of $23.19 and a 200-day moving average of $21.55. MLP’s 52-week low is $11.58, and its 52-week high is $26.46. The company has a market capitalization of $484.37 million, a price-to-earnings ratio of -163.99, and a beta of 0.46.

StockNews.com recently downgraded MLP from a “hold” rating to a “sell” rating, citing unspecified reasons.

**About Maui Land & Pineapple Company, Inc.**

Maui Land & Pineapple Company, Inc. develops and sells residential, resort, commercial, agricultural, and industrial real estate properties in the United States. They operate through Land Development & Sales, Leasing, and Resort Amenities segments.

**Disclaimer:** This news article is based on publicly available information and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.

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