Truist Financial Corp Takes Position in Materialise NV (NASDAQ:MTLS)

Truist Financial Corp acquired a new stake in Materialise NV (NASDAQ:MTLS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,156 shares of the software maker’s stock, valued at approximately $79,000.

Several other institutional investors and hedge funds have also modified their holdings of MTLS. Barclays PLC increased its stake in shares of Materialise by 45.3% in the 3rd quarter. Barclays PLC now owns 7,933 shares of the software maker’s stock valued at $43,000 after purchasing an additional 2,473 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Materialise by 73.3% in the 4th quarter. GAMMA Investing LLC now owns 9,165 shares of the software maker’s stock valued at $65,000 after purchasing an additional 3,875 shares in the last quarter. Retireful LLC purchased a new position in shares of Materialise in the 4th quarter valued at about $161,000. Quadrature Capital Ltd increased its stake in shares of Materialise by 104.0% in the 3rd quarter. Quadrature Capital Ltd now owns 36,350 shares of the software maker’s stock valued at $199,000 after purchasing an additional 18,532 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Materialise by 1,589.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 41,238 shares of the software maker’s stock valued at $226,000 after purchasing an additional 38,797 shares in the last quarter. Institutional investors and hedge funds own 19.30% of the company’s stock.

Materialise Price Performance

Shares of Materialise stock opened at $5.01 on Friday. The company has a quick ratio of 1.65, a current ratio of 1.81 and a debt-to-equity ratio of 0.10. Materialise NV has a twelve month low of $4.70 and a twelve month high of $9.69. The business has a 50-day moving average price of $7.53 and a 200 day moving average price of $6.64. The firm has a market cap of $295.93 million, a PE ratio of 20.04 and a beta of 1.22.

Materialise (NASDAQ:MTLS) last posted its quarterly earnings data on Thursday, February 20th. The software maker reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. Materialise had a return on equity of 5.47% and a net margin of 5.04%. The company had revenue of $68.24 million during the quarter, compared to analyst estimates of $71.66 million. Sell-side analysts predict that Materialise NV will post 0.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Materialise from a “buy” rating to a “hold” rating in a research note on Friday, February 28th.

Materialise Profile

Materialise NV provides additive manufacturing and medical software, and 3D printing services in the Americas, Europe and Africa, and the Asia-Pacific. The company operates through three segments: Materialise Software, Materialise Medical, and Materialise Manufacturing. The Materialise Software segment offers software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.