King Luther Capital Management Corp Lowers Holdings in Materialise NV (NASDAQ:MTLS)

King Luther Capital Management Corp reduced its position in shares of Materialise NV (NASDAQ:MTLS) by 5.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,000 shares of the software maker’s stock after selling 10,000 shares during the period. King Luther Capital Management Corp owned approximately 0.29% of Materialise worth $852,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Parallel Advisors LLC boosted its stake in Materialise by 290.3% during the fourth quarter. Parallel Advisors LLC now owns 4,258 shares of the software maker’s stock valued at $28,000 after buying an additional 3,167 shares during the period. Edmond DE Rothschild Holding S.A. boosted its position in shares of Materialise by 18.1% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 185,977 shares of the software maker’s stock valued at $1,221,000 after acquiring an additional 28,490 shares during the last quarter. Quintet Private Bank Europe S.A. grew its holdings in shares of Materialise by 31.2% during the fourth quarter. Quintet Private Bank Europe S.A. now owns 48,708 shares of the software maker’s stock worth $320,000 after purchasing an additional 11,573 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Materialise by 6.9% in the first quarter. Acadian Asset Management LLC now owns 533,857 shares of the software maker’s stock worth $2,808,000 after purchasing an additional 34,543 shares during the last quarter. Finally, Rock Point Advisors LLC raised its stake in Materialise by 4.0% in the second quarter. Rock Point Advisors LLC now owns 670,901 shares of the software maker’s stock valued at $3,361,000 after purchasing an additional 25,637 shares in the last quarter. 19.30% of the stock is currently owned by hedge funds and other institutional investors.

Materialise Trading Down 2.3 %

Shares of MTLS stock opened at $5.03 on Monday. The business has a 50-day moving average price of $5.44 and a two-hundred day moving average price of $5.22. Materialise NV has a 12-month low of $4.70 and a 12-month high of $6.93. The company has a quick ratio of 1.68, a current ratio of 1.84 and a debt-to-equity ratio of 0.11. The firm has a market cap of $297.11 million, a P/E ratio of 41.92 and a beta of 1.13.

Materialise (NASDAQ:MTLS) last released its earnings results on Wednesday, July 31st. The software maker reported $0.07 earnings per share for the quarter. Materialise had a return on equity of 6.29% and a net margin of 4.21%. The company had revenue of $73.65 million during the quarter. Equities analysts anticipate that Materialise NV will post 0.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Materialise from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th.

Materialise Company 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.