Sei Investments Co. increased its stake in Matthews International Corporation (NASDAQ:MATW – Free Report) by 12.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 233,065 shares of the company’s stock after buying an additional 26,572 shares during the quarter. Sei Investments Co. owned approximately 0.75% of Matthews International worth $6,018,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Matthews International by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,686 shares of the company’s stock valued at $393,000 after acquiring an additional 780 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Matthews International in the 1st quarter valued at about $1,227,000. Intech Investment Management LLC raised its holdings in shares of Matthews International by 316.4% in the 1st quarter. Intech Investment Management LLC now owns 59,502 shares of the company’s stock valued at $1,323,000 after purchasing an additional 45,212 shares during the period. American Century Companies Inc. lifted its stake in Matthews International by 7.9% in the 2nd quarter. American Century Companies Inc. now owns 64,988 shares of the company’s stock valued at $1,554,000 after purchasing an additional 4,742 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Matthews International in the 2nd quarter valued at about $1,406,000. 83.08% of the stock is owned by institutional investors.
Matthews International Stock Up 1.2%
MATW stock opened at $28.07 on Tuesday. Matthews International Corporation has a fifty-two week low of $21.95 and a fifty-two week high of $30.93. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.64 and a quick ratio of 0.97. The stock has a market capitalization of $875.84 million, a price-to-earnings ratio of 90.55 and a beta of 1.08. The business’s fifty day moving average price is $26.75 and its two-hundred day moving average price is $26.61.
Matthews International Dividend Announcement
Analyst Ratings Changes
A number of equities analysts have weighed in on MATW shares. Zacks Research raised Matthews International from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Wall Street Zen cut Matthews International from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Finally, Weiss Ratings downgraded Matthews International from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce”.
Get Our Latest Analysis on Matthews International
Matthews International Profile
Matthews International Corporation (NASDAQ:MATW) is a diversified industrial company headquartered in Pittsburgh, Pennsylvania. The company operates through two primary business segments—Brand Solutions and Memorialization—offering a broad range of products and services designed to meet the needs of industrial manufacturers, brand marketers and the funeral industry worldwide.
In its Brand Solutions segment, Matthews International provides engraving and digital printing systems, automated finishing equipment, thermal management products and electronics assembly solutions.
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