Allspring Global Investments Holdings LLC grew its position in Matthews International Co. (NASDAQ:MATW – Free Report) by 8.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 708,352 shares of the company’s stock after acquiring an additional 55,687 shares during the quarter. Allspring Global Investments Holdings LLC owned about 2.31% of Matthews International worth $16,434,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 DIFC Ltd purchased a new position in shares of Matthews International in the second quarter valued at approximately $49,000. nVerses Capital LLC purchased a new position in shares of Matthews International in the second quarter valued at approximately $110,000. SG Americas Securities LLC purchased a new position in shares of Matthews International in the second quarter valued at approximately $112,000. XTX Topco Ltd purchased a new position in shares of Matthews International in the second quarter valued at approximately $246,000. Finally, Inspire Investing LLC lifted its position in shares of Matthews International by 12.3% in the first quarter. Inspire Investing LLC now owns 12,992 shares of the company’s stock valued at $404,000 after acquiring an additional 1,428 shares in the last quarter. Hedge funds and other institutional investors own 83.08% of the company’s stock.
Matthews International Stock Performance
Shares of Matthews International stock opened at $22.41 on Friday. Matthews International Co. has a one year low of $21.09 and a one year high of $39.12. The company has a market cap of $688.21 million, a price-to-earnings ratio of 21.14 and a beta of 1.07. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.02 and a current ratio of 1.66. The business’s 50 day moving average price is $23.46 and its 200 day moving average price is $25.68.
Analysts Set New Price Targets
Separately, B. Riley reduced their price objective on Matthews International from $54.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, September 26th.
Check Out Our Latest Stock Report on Matthews International
Matthews International Profile
Matthews International Corporation provides brand solutions, memorialization products, and industrial technologies worldwide. It operates through three segments: Memorialization, Industrial Technologies, and SGK Brand Solutions. The Memorialization segment provides bronze and granite memorials, upright granite memorials and monuments, concrete burial vaults, cremation memorialization products, granite benches, flower vases, crypt plates and letters, cremation urns, niche units, cemetery features, and statues, as well as bronze plaques, letters, emblems, vases, lights and photo ceramics, granite monuments, mausoleums, crypts, and flush memorials.
Read More
- Five stocks we like better than Matthews International
- What is a Dividend King?
- Why Meta’s Pre-Earnings Dip Could Be A Golden Entry Opportunity
- Retail Stocks Investing, Explained
- Spirit Airlines Stock Nearly Doubled: Are Clear Skies Ahead?
- What is Put Option Volume?
- Tesla Stock: Buy the Dips, Sell the Rips
Want to see what other hedge funds are holding MATW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Matthews International Co. (NASDAQ:MATW – Free Report).
Receive News & Ratings for Matthews International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matthews International and related companies with MarketBeat.com's FREE daily email newsletter.