Boston Partners Raises Holdings in Matthews International Corporation $MATW

Boston Partners lifted its position in shares of Matthews International Corporation (NASDAQ:MATW) by 47.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 670,573 shares of the company’s stock after acquiring an additional 215,098 shares during the quarter. Boston Partners’ holdings in Matthews International were worth $16,034,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in Matthews International by 55.1% in the second quarter. GAMMA Investing LLC now owns 1,687 shares of the company’s stock worth $40,000 after acquiring an additional 599 shares during the period. Allworth Financial LP raised its holdings in shares of Matthews International by 4,173.1% in the 2nd quarter. Allworth Financial LP now owns 4,615 shares of the company’s stock valued at $110,000 after purchasing an additional 4,507 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Matthews International in the 2nd quarter valued at about $202,000. Simplex Trading LLC lifted its position in shares of Matthews International by 613.7% in the 2nd quarter. Simplex Trading LLC now owns 9,236 shares of the company’s stock worth $220,000 after purchasing an additional 11,034 shares during the period. Finally, Maven Securities LTD bought a new position in shares of Matthews International during the first quarter valued at approximately $334,000. 83.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MATW shares. Wall Street Zen raised shares of Matthews International from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings reissued a “sell (d)” rating on shares of Matthews International in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Matthews International Stock Performance

Shares of MATW stock opened at $25.63 on Friday. Matthews International Corporation has a 12-month low of $18.50 and a 12-month high of $32.24. The business’s fifty day simple moving average is $23.96 and its 200-day simple moving average is $23.28. The company has a current ratio of 1.66, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The company has a market cap of $789.17 million, a PE ratio of -12.09 and a beta of 1.30.

Matthews International (NASDAQ:MATW) last posted its quarterly earnings data on Wednesday, February 16th. The company reported $0.68 earnings per share for the quarter. Matthews International had a positive return on equity of 9.15% and a negative net margin of 4.01%.The firm had revenue of $386.66 million during the quarter. Analysts expect that Matthews International Corporation will post 1.73 earnings per share for the current fiscal year.

Matthews International Company Profile

Matthews International Corporation provides brand solutions, memorialization products, and industrial technologies worldwide. It operates through three segments: Memorialization, Industrial Technologies, and SGK Brand Solutions. The Memorialization segment provides bronze and granite memorials, upright granite memorials and monuments, concrete burial vaults, cremation memorialization products, granite benches, flower vases, crypt plates and letters, cremation urns, niche units, cemetery features, and statues, as well as bronze plaques, letters, emblems, vases, lights and photo ceramics, granite monuments, mausoleums, crypts, and flush memorials.