KBC Group NV lifted its holdings in shares of Materialise NV (NASDAQ:MTLS) by 7.1% in the first quarter, Holdings Channel.com reports. The institutional investor owned 144,445 shares of the software maker’s stock after acquiring an additional 9,570 shares during the period. KBC Group NV’s holdings in Materialise were worth $5,193,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Hsbc Holdings PLC acquired a new position in shares of Materialise during the 4th quarter worth $206,000. GWM Advisors LLC raised its holdings in shares of Materialise by 17.2% during the 1st quarter. GWM Advisors LLC now owns 5,732 shares of the software maker’s stock worth $206,000 after buying an additional 842 shares in the last quarter. Ground Swell Capital LLC acquired a new position in Materialise in the 4th quarter worth about $225,000. Credit Suisse AG acquired a new position in Materialise in the 4th quarter worth about $229,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Materialise in the 3rd quarter worth about $238,000. 32.99% of the stock is owned by institutional investors.
NASDAQ MTLS opened at $28.82 on Tuesday. The business’s 50-day moving average price is $34.97 and its two-hundred day moving average price is $48.28. Materialise NV has a 12 month low of $18.40 and a 12 month high of $87.40. The firm has a market capitalization of $1.51 billion, a PE ratio of -360.25 and a beta of 0.94. The company has a current ratio of 2.07, a quick ratio of 1.94 and a debt-to-equity ratio of 0.71.
Materialise (NASDAQ:MTLS) last released its quarterly earnings results on Thursday, April 29th. The software maker reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). Materialise had a negative net margin of 2.06% and a negative return on equity of 2.68%. As a group, analysts forecast that Materialise NV will post -0.11 earnings per share for the current fiscal year.
A number of brokerages have issued reports on MTLS. Zacks Investment Research cut Materialise from a “hold” rating to a “sell” rating in a report on Saturday, March 13th. Bryan, Garnier & Co raised Materialise from a “neutral” rating to a “buy” rating and set a $43.00 target price for the company in a report on Tuesday, March 16th. Finally, TheStreet cut Materialise from a “c” rating to a “d+” rating in a report on Thursday, February 25th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $31.50.
Materialise Company Profile
Materialise NV provides additive manufacturing and medical software, and 3D printing services in Europe, the Americas, Europe and Africa, and the Asia-Pacific. The company's Materialise Software segment offers software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.
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