Matthews International Corporation (MATW) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group lessened its position in shares of Matthews International Corporation (NASDAQ:MATW) by 25.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 145,995 shares of the company’s stock after selling 49,389 shares during the quarter. Schroder Investment Management Group owned 0.45% of Matthews International Corporation worth $8,928,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Clarkston Capital Partners LLC grew its stake in Matthews International Corporation by 0.5% during the 2nd quarter. Clarkston Capital Partners LLC now owns 1,077,161 shares of the company’s stock valued at $65,976,000 after purchasing an additional 5,245 shares during the last quarter. Channing Capital Management LLC grew its stake in Matthews International Corporation by 2.3% during the 2nd quarter. Channing Capital Management LLC now owns 785,667 shares of the company’s stock valued at $48,122,000 after purchasing an additional 18,004 shares during the last quarter. Principal Financial Group Inc. grew its stake in Matthews International Corporation by 1.0% during the 2nd quarter. Principal Financial Group Inc. now owns 257,219 shares of the company’s stock valued at $15,755,000 after purchasing an additional 2,536 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in Matthews International Corporation by 3.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 175,231 shares of the company’s stock valued at $10,733,000 after purchasing an additional 6,366 shares during the last quarter. Finally, Eagle Boston Investment Management Inc. grew its stake in Matthews International Corporation by 0.3% during the 2nd quarter. Eagle Boston Investment Management Inc. now owns 170,054 shares of the company’s stock valued at $10,415,000 after purchasing an additional 483 shares during the last quarter. Institutional investors and hedge funds own 78.87% of the company’s stock.

Several analysts have weighed in on MATW shares. BidaskClub upgraded Matthews International Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Macquarie upgraded Matthews International Corporation from a “neutral” rating to an “outperform” rating and set a $75.00 price target on the stock in a research note on Wednesday, July 5th. Finally, FBR & Co reiterated an “outperform” rating on shares of Matthews International Corporation in a research note on Tuesday, July 11th.

Matthews International Corporation (NASDAQ:MATW) opened at 59.60 on Friday. The firm has a market cap of $1.92 billion, a PE ratio of 25.12 and a beta of 1.13. Matthews International Corporation has a one year low of $57.40 and a one year high of $77.85. The stock has a 50 day moving average price of $61.61 and a 200 day moving average price of $64.55.

Matthews International Corporation (NASDAQ:MATW) last released its quarterly earnings results on Thursday, July 27th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.01. Matthews International Corporation had a return on equity of 16.23% and a net margin of 5.17%. The firm had revenue of $389.63 million for the quarter, compared to analyst estimates of $392.03 million. During the same quarter last year, the company posted $0.97 earnings per share. The business’s revenue was up 2.0% on a year-over-year basis. Equities research analysts expect that Matthews International Corporation will post $3.61 EPS for the current year.

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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).

Institutional Ownership by Quarter for Matthews International Corporation (NASDAQ:MATW)

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