D. E. Shaw & Co. Inc. Raises Stake in Matthews International Corp (MATW)

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D. E. Shaw & Co. Inc. lifted its holdings in shares of Matthews International Corp (NASDAQ:MATW) by 20.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 134,689 shares of the company’s stock after purchasing an additional 22,453 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Matthews International were worth $5,471,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of MATW. Fort Pitt Capital Group LLC acquired a new stake in shares of Matthews International during the fourth quarter worth about $10,686,000. BlackRock Inc. lifted its position in shares of Matthews International by 3.4% during the third quarter. BlackRock Inc. now owns 4,564,558 shares of the company’s stock worth $228,913,000 after purchasing an additional 150,524 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Matthews International by 8.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,737,395 shares of the company’s stock worth $70,573,000 after purchasing an additional 141,901 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Matthews International by 58.5% during the third quarter. Nordea Investment Management AB now owns 318,175 shares of the company’s stock worth $15,957,000 after purchasing an additional 117,453 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its position in shares of Matthews International by 66.7% during the fourth quarter. Gamco Investors INC. ET AL now owns 206,843 shares of the company’s stock worth $8,402,000 after purchasing an additional 82,743 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

MATW has been the topic of several research reports. Zacks Investment Research raised shares of Matthews International from a “sell” rating to a “hold” rating in a research report on Saturday, December 1st. BidaskClub cut shares of Matthews International from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 5th. Finally, Wellington Shields cut shares of Matthews International from a “buy” rating to a “hold” rating in a report on Friday, February 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $66.00.

Shares of NASDAQ:MATW opened at $36.38 on Friday. The company has a market capitalization of $1.16 billion, a P/E ratio of 9.19 and a beta of 1.10. Matthews International Corp has a fifty-two week low of $35.50 and a fifty-two week high of $61.25. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.42 and a current ratio of 2.04.

Matthews International (NASDAQ:MATW) last issued its earnings results on Thursday, January 31st. The company reported $0.50 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.50. The firm had revenue of $374.18 million for the quarter, compared to analysts’ expectations of $358.55 million. Matthews International had a net margin of 4.68% and a return on equity of 14.35%. As a group, analysts predict that Matthews International Corp will post 4.17 earnings per share for the current fiscal year.

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About Matthews International

Matthews International Corporation provides brand solutions, memorialization products, and industrial products worldwide. The company's SGK Brand Solutions segment provides brand development and graphic design services, such as visual intellectual properties, packaging, and content creation; brand deployment and activation services, including design and production of merchandising exhibits and shopper experiences in digital and printed media channels; and consulting services to brand owners on workflow best practices, management and technologies, printing quality, measurement, and consistency.

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

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