Matsons Incorporated (NYSE:MATX) Short Interest Decreased By 0.77%

February 15, 2018 - By Adrian Mccoy

 Matsons Incorporated (NYSE:MATX) Short Interest Decreased By 0.77%

Investors sentiment decreased to 1.03 in 2017 Q3. Its down 0.03, from 1.06 in 2017Q2. It dived, as 17 investors sold Matson, Inc. shares while 52 reduced holdings. 24 funds opened positions while 47 raised stakes. 35.66 million shares or 2.05% less from 36.41 million shares in 2017Q2 were reported.
Oberweis Asset Mngmt has invested 0.08% in Matson, Inc. (NYSE:MATX). 147 were accumulated by Gemmer Asset Mngmt Ltd Llc. Moreover, Public Employees Retirement Association Of Colorado has 0% invested in Matson, Inc. (NYSE:MATX). Investment Counselors Of Maryland Llc reported 631,157 shares or 0.91% of all its holdings. California State Teachers Retirement Sys, California-based fund reported 68,608 shares. Citigroup reported 0% in Matson, Inc. (NYSE:MATX). 62,650 were accumulated by Dupont. 80,600 are owned by Fmr. Wells Fargo And Commerce Mn reported 68,821 shares or 0% of all its holdings. The Massachusetts-based Putnam Ltd Company has invested 0.01% in Matson, Inc. (NYSE:MATX). Texas Permanent School Fund has invested 0.01% in Matson, Inc. (NYSE:MATX). Meeder Asset Mgmt reported 764 shares. Moreover, Shine Advisory Svcs has 0.02% invested in Matson, Inc. (NYSE:MATX) for 1,343 shares. Westfield Company Limited Partnership has invested 0.1% in Matson, Inc. (NYSE:MATX). Aperio Ltd Liability Corp reported 0% of its portfolio in Matson, Inc. (NYSE:MATX).

Since August 28, 2017, it had 1 insider buy, and 0 sales for $24,135 activity.

The stock of Matsons Incorporated (NYSE:MATX) registered a decrease of 0.77% in short interest. MATX’s total short interest was 1.43M shares in February as published by FINRA. Its down 0.77% from 1.44M shares, reported previously. With 193,300 shares average volume, it will take short sellers 7 days to cover their MATX’s short positions.

The stock decreased 2.58% or $0.92 during the last trading session, reaching $34.99. About 99,448 shares traded. Matson, Inc. (NYSE:MATX) has declined 5.12% since February 15, 2017 and is downtrending. It has underperformed by 21.82% the S&P500.

Matson, Inc., through its subsidiaries, operates as an ocean cargo carrier. The company has market cap of $1.49 billion. The firm operates in two divisions, Ocean Transportation and Logistics. It has a 18.04 P/E ratio. The Ocean Transportation segment offers ocean transportation services to the domestic economies of Hawaii, Alaska, and Guam, as well as to other island economies in Micronesia and in the South Pacific.

Matson, Inc. (NYSE:MATX) Ratings Coverage

Among 6 analysts covering Matson (NYSE:MATX), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Matson had 15 analyst reports since August 5, 2015 according to SRatingsIntel. Stephens downgraded the stock to “Hold” rating in Friday, August 18 report. As per Monday, January 8, the company rating was maintained by Stephens. The firm has “Buy” rating by Stifel Nicolaus given on Friday, August 18. The firm earned “Buy” rating on Friday, November 3 by Stifel Nicolaus. Wells Fargo downgraded the stock to “Underperform” rating in Friday, August 18 report. The rating was initiated by Seaport Global with “Neutral” on Thursday, December 15. Seaport Global upgraded Matson, Inc. (NYSE:MATX) on Monday, January 29 to “Buy” rating. The firm has “Buy” rating given on Wednesday, August 5 by Stifel Nicolaus. The stock has “Buy” rating by Stifel Nicolaus on Thursday, September 21. Wells Fargo upgraded the shares of MATX in report on Monday, January 29 to “Hold” rating.

More notable recent Matson, Inc. (NYSE:MATX) news were published by: Prnewswire.com which released: “Matson To Host Investor Day On March 13, 2018 In New York City” on February 06, 2018, also Streetinsider.com with their article: “Matson, Inc. (MATX) PT Raised to $38 at Stifel as Competitor Moves On” published on January 29, 2018, Seekingalpha.com published: “Matson: This Company Is Poised To Shoot Higher” on January 29, 2018. More interesting news about Matson, Inc. (NYSE:MATX) were released by: Nasdaq.com and their article: “Matson, Inc. (MATX) Ex-Dividend Date Scheduled for February 07, 2018” published on February 06, 2018 as well as Prnewswire.com‘s news article titled: “Matson Announces Quarterly Dividend Of $0.20 Per Share” with publication date: January 25, 2018.

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