Matthews International Corp (MATW) Holdings Raised by Eagle Boston Investment Management Inc.

Eagle Boston Investment Management Inc. boosted its position in Matthews International Corp (NASDAQ:MATW) by 6.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 184,027 shares of the company’s stock after acquiring an additional 11,519 shares during the period. Eagle Boston Investment Management Inc. owned 0.57% of Matthews International worth $9,716,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MATW. SG Americas Securities LLC bought a new stake in Matthews International in the 3rd quarter worth $159,000. Neuberger Berman Group LLC purchased a new stake in shares of Matthews International in the 3rd quarter worth about $213,000. CIBC Asset Management Inc purchased a new stake in shares of Matthews International in the 4th quarter worth about $217,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Matthews International in the 2nd quarter worth about $220,000. Finally, FDx Advisors Inc. purchased a new stake in shares of Matthews International in the 3rd quarter worth about $221,000. 77.61% of the stock is currently owned by institutional investors and hedge funds.

In other Matthews International news, VP Robert M. Marsh purchased 3,000 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was bought at an average cost of $55.50 per share, with a total value of $166,500.00. Following the transaction, the vice president now directly owns 16,207 shares in the company, valued at approximately $899,488.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tunon Alvaro Garcia purchased 1,000 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were acquired at an average cost of $52.00 per share, with a total value of $52,000.00. The disclosure for this purchase can be found here. Company insiders own 3.80% of the company’s stock.

MATW has been the subject of several research analyst reports. BidaskClub cut shares of Matthews International from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 12th. B. Riley reaffirmed a “buy” rating and issued a $92.00 target price on shares of Matthews International in a research report on Monday, November 20th. Finally, ValuEngine cut shares of Matthews International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Matthews International presently has an average rating of “Hold” and a consensus price target of $83.50.

Shares of Matthews International Corp (MATW) opened at $53.05 on Friday. Matthews International Corp has a 12-month low of $50.10 and a 12-month high of $72.60. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.10 and a quick ratio of 1.48. The company has a market cap of $1,693.69, a PE ratio of 14.61 and a beta of 1.11.

Matthews International (NASDAQ:MATW) last posted its earnings results on Thursday, January 25th. The company reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.06. Matthews International had a net margin of 6.46% and a return on equity of 15.09%. The firm had revenue of $369.50 million during the quarter, compared to analysts’ expectations of $355.84 million. During the same period last year, the company posted $0.62 EPS. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. research analysts predict that Matthews International Corp will post 3.89 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 19th. Investors of record on Monday, February 5th will be given a dividend of $0.19 per share. The ex-dividend date is Friday, February 2nd. This represents a $0.76 dividend on an annualized basis and a yield of 1.43%. Matthews International’s dividend payout ratio (DPR) is currently 24.76%.

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About Matthews International

Matthews International Corporation is a provider of brand solutions, memorialization products and industrial technologies. The Company operates through three segments: SGK Brand Solutions, Memorialization and Industrial Technologies. The SGK Brand Solutions segment provides brand development, deployment and delivery (consisting of brand management, printing plates and cylinders, pre-media services and imaging services for consumer packaged goods and retail customers, merchandising display systems, and marketing and design services).

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

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