Kornitzer Capital Management Inc. KS increased its stake in shares of Materialise NV (NASDAQ:MTLS) by 23.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 91,300 shares of the software maker’s stock after buying an additional 17,300 shares during the period. Kornitzer Capital Management Inc. KS owned 0.19% of Materialise worth $1,067,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Millennium Management LLC bought a new stake in Materialise during the 4th quarter worth approximately $203,000. Virtu Financial LLC bought a new stake in shares of Materialise in the 4th quarter valued at $239,000. Gilder Gagnon Howe & Co. LLC boosted its stake in shares of Materialise by 33.3% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 25,069 shares of the software maker’s stock valued at $319,000 after purchasing an additional 6,269 shares during the last quarter. Advisory Research Inc. boosted its stake in shares of Materialise by 96.5% in the 4th quarter. Advisory Research Inc. now owns 86,299 shares of the software maker’s stock valued at $1,097,000 after purchasing an additional 42,391 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Materialise by 5.4% in the 1st quarter. Wells Fargo & Company MN now owns 103,594 shares of the software maker’s stock valued at $1,211,000 after purchasing an additional 5,263 shares during the last quarter. 11.37% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently issued reports on MTLS shares. Zacks Investment Research raised shares of Materialise from a “sell” rating to a “hold” rating in a research note on Thursday, March 8th. ValuEngine downgraded shares of Materialise from a “buy” rating to a “hold” rating in a report on Friday, May 11th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $16.75.
Materialise traded up $0.15, reaching $12.65, during trading hours on Thursday, according to Marketbeat Ratings. 365 shares of the company were exchanged, compared to its average volume of 61,847. Materialise NV has a 1 year low of $12.23 and a 1 year high of $12.45. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.39 and a current ratio of 1.54. The company has a market capitalization of $586.84 million, a PE ratio of -312.50, a price-to-earnings-growth ratio of 5.64 and a beta of 1.61.
Materialise (NASDAQ:MTLS) last issued its earnings results on Tuesday, March 6th. The software maker reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Materialise had a negative net margin of 0.62% and a negative return on equity of 1.29%. The firm had revenue of $44.70 million during the quarter, compared to analyst estimates of $43.70 million. During the same quarter last year, the business earned $0.01 earnings per share. The company’s quarterly revenue was up 41.9% on a year-over-year basis. analysts forecast that Materialise NV will post 0.11 EPS for the current fiscal year.
Materialise NV provides additive manufacturing software and 3D printing services in Europe, the Americas, and Asia. The company's Materialise Software segment offers proprietary software worldwide through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.
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