AHL Partners LLP Has $1.34 Million Stake in Matthews International Corporation (MATW)

AHL Partners LLP reduced its position in Matthews International Corporation (NASDAQ:MATW) by 59.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,911 shares of the company’s stock after selling 32,063 shares during the period. AHL Partners LLP owned about 0.07% of Matthews International Corporation worth $1,342,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Pinebridge Investments L.P. increased its position in shares of Matthews International Corporation by 0.8% in the second quarter. Pinebridge Investments L.P. now owns 4,242 shares of the company’s stock worth $259,000 after acquiring an additional 35 shares in the last quarter. Amalgamated Bank increased its position in shares of Matthews International Corporation by 2.5% in the second quarter. Amalgamated Bank now owns 4,334 shares of the company’s stock worth $265,000 after acquiring an additional 107 shares in the last quarter. Texas Permanent School Fund increased its position in shares of Matthews International Corporation by 0.7% in the second quarter. Texas Permanent School Fund now owns 23,509 shares of the company’s stock worth $1,440,000 after acquiring an additional 158 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of Matthews International Corporation by 3.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,610 shares of the company’s stock worth $466,000 after acquiring an additional 270 shares in the last quarter. Finally, Raymond James Trust N.A. increased its position in shares of Matthews International Corporation by 7.8% in the second quarter. Raymond James Trust N.A. now owns 5,413 shares of the company’s stock worth $332,000 after acquiring an additional 393 shares in the last quarter. 78.57% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This news story was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this news story on another site, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be accessed at https://ledgergazette.com/2017/10/15/ahl-partners-llp-has-1-34-million-stake-in-matthews-international-corporation-matw.html.

Matthews International Corporation (NASDAQ MATW) opened at 61.80 on Friday. The stock has a 50 day moving average of $61.12 and a 200 day moving average of $63.93. The stock has a market capitalization of $1.99 billion, a P/E ratio of 26.04 and a beta of 1.14. Matthews International Corporation has a 52-week low of $57.40 and a 52-week high of $77.85.

Matthews International Corporation (NASDAQ:MATW) last announced its quarterly earnings results on Thursday, July 27th. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.01. The company had revenue of $389.63 million during the quarter, compared to analysts’ expectations of $392.03 million. Matthews International Corporation had a return on equity of 16.23% and a net margin of 5.17%. Matthews International Corporation’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.97 EPS. On average, equities research analysts forecast that Matthews International Corporation will post $3.61 EPS for the current year.

Several research analysts have recently weighed in on MATW shares. BidaskClub downgraded shares of Matthews International Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Zacks Investment Research downgraded shares of Matthews International Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, September 23rd. Macquarie raised shares of Matthews International Corporation from a “neutral” rating to an “outperform” rating and set a $75.00 target price on the stock in a research report on Wednesday, July 5th. Finally, FBR & Co reissued an “outperform” rating on shares of Matthews International Corporation in a research report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three hav

Several other institutional investors have also recently added to or reduced their stakes in the company. Pinebridge Investments L.P. increased its position in shares of Matthews International Corporation by 0.8% in the second quarter. Pinebridge Investments L.P. now owns 4,242 shares of the company’s stock worth $259,000 after acquiring an additional 35 shares in the last quarter. Amalgamated Bank increased its position in shares of Matthews International Corporation by 2.5% in the second quarter. Amalgamated Bank now owns 4,334 shares of the company’s stock worth $265,000 after acquiring an additional 107 shares in the last quarter. Texas Permanent School Fund increased its position in shares of Matthews International Corporation by 0.7% in the second quarter. Texas Permanent School Fund now owns 23,509 shares of the company’s stock worth $1,440,000 after acquiring an additional 158 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of Matthews International Corporation by 3.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,610 shares of the company’s stock worth $466,000 after acquiring an additional 270 shares in the last quarter. Finally, Raymond James Trust N.A. increased its position in shares of Matthews International Corporation by 7.8% in the second quarter. Raymond James Trust N.A. now owns 5,413 shares of the company’s stock worth $332,000 after acquiring an additional 393 shares in the last quarter. 78.57% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This news story was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this news story on another site, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be accessed at https://ledgergazette.com/2017/10/15/ahl-partners-llp-has-1-34-million-stake-in-matthews-international-corporation-matw.html.

Matthews International Corporation (NASDAQ MATW) opened at 61.80 on Friday. The stock has a 50 day moving average of $61.12 and a 200 day moving average of $63.93. The stock has a market capitalization of $1.99 billion, a P/E ratio of 26.04 and a beta of 1.14. Matthews International Corporation has a 52-week low of $57.40 and a 52-week high of $77.85.

Matthews International Corporation (NASDAQ:MATW) last announced its quarterly earnings results on Thursday, July 27th. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.01. The company had revenue of $389.63 million during the quarter, compared to analysts’ expectations of $392.03 million. Matthews International Corporation had a return on equity of 16.23% and a net margin of 5.17%. Matthews International Corporation’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.97 EPS. On average, equities research analysts forecast that Matthews International Corporation will post $3.61 EPS for the current year.

Several research analysts have recently weighed in on MATW shares. BidaskClub downgraded shares of Matthews International Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Zacks Investment Research downgraded shares of Matthews International Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, September 23rd. Macquarie raised shares of Matthews International Corporation from a “neutral” rating to an “outperform” rating and set a $75.00 target price on the stock in a research report on Wednesday, July 5th. Finally, FBR & Co reissued an “outperform” rating on shares of Matthews International Corporation in a research report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Matthews International Corporation presently has an average rating of “Hold” and a consensus target price of $83.50.

Matthews International Corporation Profile

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).

Want to see what other hedge funds are holding MATW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Matthews International Corporation (NASDAQ:MATW).

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

Receive News & Ratings for Matthews International Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matthews International Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply