Quantbot Technologies LP increased its holdings in shares of Matthews International Corporation (NASDAQ:MATW) by 1,289.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,139 shares of the company’s stock after acquiring an additional 1,985 shares during the period. Quantbot Technologies LP’s holdings in Matthews International Corporation were worth $131,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of MATW. FMR LLC raised its holdings in Matthews International Corporation by 14.3% in the second quarter. FMR LLC now owns 764,748 shares of the company’s stock worth $46,841,000 after buying an additional 95,500 shares during the last quarter. Vanguard Group Inc. raised its holdings in Matthews International Corporation by 0.8% in the second quarter. Vanguard Group Inc. now owns 3,105,791 shares of the company’s stock worth $190,229,000 after buying an additional 24,754 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Matthews International Corporation in the second quarter worth about $1,153,000. Channing Capital Management LLC raised its holdings in Matthews International Corporation by 2.3% in the second quarter. Channing Capital Management LLC now owns 785,667 shares of the company’s stock worth $48,122,000 after buying an additional 18,004 shares during the last quarter. Finally, Seizert Capital Partners LLC raised its holdings in Matthews International Corporation by 50.7% in the second quarter. Seizert Capital Partners LLC now owns 50,068 shares of the company’s stock worth $3,067,000 after buying an additional 16,850 shares during the last quarter. 78.57% of the stock is currently owned by institutional investors and hedge funds.
Matthews International Corporation (NASDAQ:MATW) opened at 64.00 on Friday. The firm has a 50-day moving average of $60.66 and a 200 day moving average of $64.03. Matthews International Corporation has a one year low of $57.40 and a one year high of $77.85. The stock has a market capitalization of $2.06 billion, a PE ratio of 26.97 and a beta of 1.14.
Matthews International Corporation (NASDAQ:MATW) last released its earnings results on Thursday, July 27th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.01. The company had revenue of $389.63 million during the quarter, compared to analysts’ expectations of $392.03 million. Matthews International Corporation had a net margin of 5.17% and a return on equity of 16.23%. Matthews International Corporation’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period last year, the business earned $0.97 EPS. On average, equities research analysts anticipate that Matthews International Corporation will post $3.63 earnings per share for the current fiscal year.
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Several research analysts have issued reports on MATW shares. BidaskClub cut shares of Matthews International Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Macquarie raised shares of Matthews International Corporation from a “neutral” rating to an “outperform” rating and set a $75.00 target price for the company in a report on Wednesday, July 5th. Zacks Investment Research cut shares of Matthews International Corporation from a “hold” rating to a “sell” rating in a report on Saturday, September 23rd. Finally, FBR & Co reaffirmed an “outperform” rating on shares of Matthews International Corporation in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $83.50.
About Matthews International Corporation
Matthews International Corporation is a provider of brand solutions, memorialization products and industrial technologies. The Company operates through three segments: SGK Brand Solutions, Memorialization and Industrial Technologies. The SGK Brand Solutions segment provides brand development, deployment and delivery (consisting of brand management, printing plates and cylinders, pre-media services and imaging services for consumer packaged goods and retail customers, merchandising display systems, and marketing and design services).
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