Matthews International Corporation Class A (NASDAQ:MATW)’s Trend Unknown, Especially After Increased Shorts

February 15, 2018 - By reb123z

 Matthews International Corporation Class A (NASDAQ:MATW)’s Trend Unknown, Especially After Increased Shorts

Investors sentiment decreased to 1.2 in Q3 2017. Its down 0.25, from 1.45 in 2017Q2. It dropped, as 18 investors sold Matthews International Corporation shares while 47 reduced holdings. 23 funds opened positions while 55 raised stakes. 25.12 million shares or 0.23% more from 25.06 million shares in 2017Q2 were reported.
Art Advsrs has invested 0.02% in Matthews International Corporation (NASDAQ:MATW). Louisiana State Employees Retirement Sys has invested 0.04% in Matthews International Corporation (NASDAQ:MATW). Wellington Management Grp Inc Llp has 1.43 million shares. Morgan Stanley has invested 0% in Matthews International Corporation (NASDAQ:MATW). Fund Management invested in 0% or 9,000 shares. Benjamin F Edwards & Inc stated it has 0% in Matthews International Corporation (NASDAQ:MATW). Barclays Public Lc holds 0% in Matthews International Corporation (NASDAQ:MATW) or 2,599 shares. Clarkston Limited Liability holds 2.85% or 1.11 million shares in its portfolio. Tci Wealth Advsrs invested 0.01% of its portfolio in Matthews International Corporation (NASDAQ:MATW). Tower Rech Ltd (Trc) reported 4,870 shares. Credit Suisse Ag holds 45,115 shares. Teachers Retirement System Of The State Of Kentucky owns 10,500 shares or 0.01% of their US portfolio. Moreover, Manufacturers Life Ins The has 0% invested in Matthews International Corporation (NASDAQ:MATW) for 23,652 shares. Qs Invsts Llc invested in 0% or 10 shares. State Of Tennessee Treasury Department holds 28,929 shares.

Since January 30, 2018, it had 3 insider buys, and 0 selling transactions for $308,071 activity. $52,000 worth of Matthews International Corporation (NASDAQ:MATW) was bought by GARCIA TUNON ALVARO on Monday, February 5.

The stock of Matthews International Corporation Class A (NASDAQ:MATW) registered an increase of 24.12% in short interest. MATW’s total short interest was 829,400 shares in February as published by FINRA. Its up 24.12% from 668,200 shares, reported previously. With 146,300 shares average volume, it will take short sellers 6 days to cover their MATW’s short positions. The short interest to Matthews International Corporation Class A’s float is 2.67%.

The stock decreased 0.38% or $0.2 during the last trading session, reaching $52.25. About 38,951 shares traded. Matthews International Corporation (NASDAQ:MATW) has risen 24.80% since February 15, 2017 and is uptrending. It has outperformed by 8.10% the S&P500.

Matthews International Corporation provides brand solutions, memorialization products, and industrial products in the United States, Central and South America, Canada, Europe, Australia, and Asia. The company has market cap of $1.69 billion. It operates through three divisions: SGK Brand Solutions, Memorialization, and Industrial Technologies. It has a 17.13 P/E ratio. The SGK Brand Solutions segment provides brand development, deployment, delivery, brand management, pre-media graphics services, printing plates, gravure cylinders, steel bases, embossing tools, special purpose machinery, engineering assistance, print process assistance, print production management, digital asset management, content management, and package design services to brand owners and packaging industry converters; and creative digital graphics services, as well as designs, engineers, makes, and executes merchandising and display systems.

Matthews International Corporation (NASDAQ:MATW) Ratings Coverage

Among 3 analysts covering Matthews International (NASDAQ:MATW), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Matthews International had 7 analyst reports since August 3, 2015 according to SRatingsIntel. On Wednesday, November 4 the stock rating was downgraded by Macquarie Research to “Neutral”. The firm earned “Buy” rating on Friday, July 29 by Wunderlich. Wunderlich maintained the shares of MATW in report on Monday, November 21 with “Buy” rating. The company was maintained on Thursday, September 22 by Macquarie Research. The stock of Matthews International Corporation (NASDAQ:MATW) has “Outperform” rating given on Wednesday, July 5 by Macquarie Research.

More important recent Matthews International Corporation (NASDAQ:MATW) news were published by: Post-Gazette.com which released: “In brief: Matthews International acquires Georgia company for $41.2 million …” on February 03, 2018, also Seekingalpha.com published article titled: “Why Matthews International Has 55-65% Downside Risk”, Seekingalpha.com published: “Matthews International’s (MATW) CEO Joe Bartolacci on Q3 2017 Results …” on July 28, 2017. More interesting news about Matthews International Corporation (NASDAQ:MATW) was released by: Forbes.com and their article: “Ex-Dividend Reminder: CenturyLink, MKS Instruments and Matthews International” with publication date: November 22, 2017.

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