Renaissance Group LLC Makes New Investment in Materialise NV (NASDAQ:MTLS)

Renaissance Group LLC purchased a new stake in shares of Materialise NV (NASDAQ:MTLS) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 303,442 shares of the software maker’s stock, valued at approximately $2,136,000.

Several other institutional investors also recently modified their holdings of the business. Barclays PLC lifted its position in Materialise by 45.3% during the third quarter. Barclays PLC now owns 7,933 shares of the software maker’s stock valued at $43,000 after purchasing an additional 2,473 shares during the period. LPL Financial LLC raised its stake in Materialise by 9.3% during the 4th quarter. LPL Financial LLC now owns 32,393 shares of the software maker’s stock valued at $228,000 after buying an additional 2,750 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Materialise by 73.3% during the 4th quarter. GAMMA Investing LLC now owns 9,165 shares of the software maker’s stock valued at $65,000 after buying an additional 3,875 shares during the period. Disciplined Growth Investors Inc. MN boosted its stake in shares of Materialise by 0.5% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,601,641 shares of the software maker’s stock worth $8,777,000 after buying an additional 8,089 shares during the last quarter. Finally, Truist Financial Corp bought a new stake in shares of Materialise in the fourth quarter worth $79,000. 19.30% of the stock is owned by hedge funds and other institutional investors.

Materialise Stock Performance

Shares of NASDAQ MTLS opened at $4.17 on Wednesday. Materialise NV has a 12-month low of $3.93 and a 12-month high of $9.69. The firm has a market capitalization of $246.31 million, a price-to-earnings ratio of 16.68 and a beta of 1.58. The company has a current ratio of 1.81, a quick ratio of 1.65 and a debt-to-equity ratio of 0.10. The firm has a 50 day moving average of $6.24 and a 200 day moving average of $6.60.

Materialise (NASDAQ:MTLS) last issued its quarterly earnings data on Thursday, February 20th. The software maker reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. Materialise had a net margin of 5.04% and a return on equity of 5.47%. The firm had revenue of $68.24 million during the quarter, compared to the consensus estimate of $71.66 million. On average, research analysts anticipate that Materialise NV will post 0.3 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com downgraded Materialise from a “buy” rating to a “hold” rating in a report on Friday, February 28th.

Materialise Profile

Materialise NV provides additive manufacturing and medical software, and 3D printing services in the Americas, Europe and Africa, and the Asia-Pacific. The company operates through three segments: Materialise Software, Materialise Medical, and Materialise Manufacturing. The Materialise Software segment offers software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.