AlphaMark Advisors LLC Sells 464 Shares of Matson, Inc. (NYSE:MATX)

AlphaMark Advisors LLC decreased its holdings in shares of Matson, Inc. (NYSE:MATX) by 16.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,445 shares of the shipping company’s stock after selling 464 shares during the quarter. AlphaMark Advisors LLC’s holdings in Matson were worth $349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. TruNorth Capital Management LLC purchased a new stake in Matson in the 2nd quarter worth approximately $27,000. Redwood Wealth Management Group LLC bought a new stake in Matson during the second quarter valued at $34,000. International Assets Investment Management LLC purchased a new position in Matson during the second quarter worth about $39,000. DekaBank Deutsche Girozentrale bought a new position in shares of Matson in the first quarter worth approximately $71,000. Finally, Blue Trust Inc. increased its holdings in shares of Matson by 226.9% in the 2nd quarter. Blue Trust Inc. now owns 595 shares of the shipping company’s stock worth $78,000 after buying an additional 413 shares during the last quarter. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Matson Stock Down 0.2 %

MATX opened at $136.27 on Friday. Matson, Inc. has a 12 month low of $82.68 and a 12 month high of $144.93. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.15. The business’s 50-day moving average price is $134.77 and its 200-day moving average price is $125.38. The company has a market cap of $4.76 billion, a P/E ratio of 16.07 and a beta of 1.07.

Matson (NYSE:MATX) last announced its quarterly earnings results on Thursday, August 1st. The shipping company reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $3.05 by $0.26. The business had revenue of $847.40 million for the quarter, compared to analysts’ expectations of $861.68 million. Matson had a return on equity of 13.87% and a net margin of 10.41%. On average, equities analysts expect that Matson, Inc. will post 11.45 EPS for the current year.

Insider Activity at Matson

In other Matson news, SVP Richard S. Kinney sold 1,615 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $133.62, for a total value of $215,796.30. Following the sale, the senior vice president now owns 7,973 shares of the company’s stock, valued at $1,065,352.26. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Matthew J. Cox sold 6,499 shares of Matson stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $143.82, for a total value of $934,686.18. Following the sale, the chief executive officer now directly owns 208,898 shares in the company, valued at approximately $30,043,710.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Richard S. Kinney sold 1,615 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $133.62, for a total value of $215,796.30. Following the transaction, the senior vice president now owns 7,973 shares of the company’s stock, valued at approximately $1,065,352.26. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 69,180 shares of company stock worth $9,175,884 in the last three months. 2.32% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. StockNews.com cut Matson from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 6th. Stephens lifted their price target on shares of Matson from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd.

Matson Company Profile

Matson, Inc, together with its subsidiaries, engages in the provision of ocean transportation and logistics services. It operates through two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Japan, Alaska, and Guam, as well as to other island economies in Micronesia.