Cwm LLC Boosts Holdings in Matson, Inc. (NYSE:MATX)

Cwm LLC raised its stake in shares of Matson, Inc. (NYSE:MATX) by 80.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,198 shares of the shipping company’s stock after purchasing an additional 534 shares during the period. Cwm LLC’s holdings in Matson were worth $171,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MATX. TruNorth Capital Management LLC purchased a new position in Matson during the second quarter valued at $27,000. Redwood Wealth Management Group LLC bought a new stake in Matson during the 2nd quarter valued at about $34,000. International Assets Investment Management LLC purchased a new stake in shares of Matson in the second quarter valued at approximately $39,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Matson in the 1st quarter worth $71,000. Finally, Blue Trust Inc. lifted its stake in Matson by 226.9% in the second quarter. Blue Trust Inc. now owns 595 shares of the shipping company’s stock worth $78,000 after acquiring an additional 413 shares during the period. 84.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Matson

In other Matson news, SVP Jason Lee Taylor sold 1,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $135.73, for a total transaction of $135,730.00. Following the transaction, the senior vice president now directly owns 9,392 shares in the company, valued at $1,274,776.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Jason Lee Taylor sold 1,000 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $135.73, for a total transaction of $135,730.00. Following the completion of the transaction, the senior vice president now directly owns 9,392 shares of the company’s stock, valued at $1,274,776.16. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Richard S. Kinney sold 1,615 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $133.62, for a total transaction of $215,796.30. Following the completion of the sale, the senior vice president now directly owns 7,973 shares in the company, valued at approximately $1,065,352.26. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,736 shares of company stock worth $6,672,494 in the last 90 days. Insiders own 2.32% of the company’s stock.

Matson Stock Performance

Shares of NYSE MATX opened at $131.18 on Thursday. The company has a market capitalization of $4.58 billion, a PE ratio of 15.47 and a beta of 1.07. The company’s fifty day moving average price is $134.95 and its 200 day moving average price is $125.97. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.93 and a current ratio of 0.93. Matson, Inc. has a 1 year low of $82.68 and a 1 year high of $144.93.

Matson (NYSE:MATX) last posted its quarterly earnings results on Thursday, August 1st. The shipping company reported $3.31 earnings per share for the quarter, topping the consensus estimate of $3.05 by $0.26. Matson had a net margin of 10.41% and a return on equity of 13.87%. The firm had revenue of $847.40 million for the quarter, compared to the consensus estimate of $861.68 million. On average, research analysts predict that Matson, Inc. will post 11.45 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. StockNews.com cut shares of Matson from a “strong-buy” rating to a “buy” rating in a report on Friday, September 6th. Stephens raised their price target on shares of Matson from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd.

About Matson

Matson, Inc, together with its subsidiaries, engages in the provision of ocean transportation and logistics services. It operates through two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Japan, Alaska, and Guam, as well as to other island economies in Micronesia.