Do Institutional Investors Hate Matthews International Corp (NASDAQ:MATW)?

Sentiment for Matthews International Corp (NASDAQ:MATW)

Matthews International Corp (NASDAQ:MATW) institutional sentiment decreased to 1.15 in 2018 Q4. Its down -0.26, from 1.41 in 2018Q3. The ratio worsened, as 77 investment managers started new or increased stock positions, while 67 sold and trimmed holdings in Matthews International Corp. The investment managers in our partner’s database reported: 26.30 million shares, up from 25.75 million shares in 2018Q3. Also, the number of investment managers holding Matthews International Corp in their top 10 stock positions was flat from 1 to 1 for the same number . Sold All: 17 Reduced: 50 Increased: 57 New Position: 20.

Matthews International Corporation provides brand solutions, memorialization products, and industrial products in the United States, Central and South America, Canada, Europe, Australia, and Asia. The company has market cap of $1.14 billion. It operates through three divisions: SGK Brand Solutions, Memorialization, and Industrial Technologies. It has a 15.86 P/E ratio. The SGK Brand Solutions segment provides brand development, deployment, delivery, brand management, pre-media graphics services, printing plates, gravure cylinders, steel bases, embossing tools, special purpose machinery, engineering assistance, print process assistance, print production management, digital asset management, content management, and package design services to brand owners and packaging industry converters; and creative digital graphics services, as well as designs, engineers, makes, and executes merchandising and display systems.

The stock decreased 0.11% or $0.04 during the last trading session, reaching $36.06. About 110,680 shares traded. Matthews International Corporation (NASDAQ:MATW) has declined 23.13% since May 17, 2018 and is downtrending. It has underperformed by 27.50% the S&P500.

Analysts await Matthews International Corporation (NASDAQ:MATW) to report earnings on July, 25. They expect $1.15 EPS, down 0.86 % or $0.01 from last year’s $1.16 per share. MATW’s profit will be $36.48 million for 7.84 P/E if the $1.15 EPS becomes a reality. After $0.90 actual EPS reported by Matthews International Corporation for the previous quarter, Wall Street now forecasts 27.78 % EPS growth.

Rutabaga Capital Management Llc Ma holds 3.88% of its portfolio in Matthews International Corporation for 289,471 shares. Clarkston Capital Partners Llc owns 1.50 million shares or 2.34% of their US portfolio. Moreover, Eagle Boston Investment Management Inc has 1.17% invested in the company for 83,340 shares. The Massachusetts-based Aristotle Capital Boston Llc has invested 1.14% in the stock. Zebra Capital Management Llc, a Connecticut-based fund reported 20,613 shares.

Since January 1, 0001, it had 1 insider purchase, and 0 selling transactions for $40,930 activity.

More notable recent Matthews International Corporation (NASDAQ:MATW) news were published by: Bizjournals.com which released: “Matthews to close casket plant in Indiana – Pittsburgh Business Times” on November 26, 2018, also Businesswire.com with their article: “Matthews International Increases Quarterly Dividend – Business Wire” published on November 15, 2018, Finance.Yahoo.com published: “Is Asbury Automotive Group, Inc. (ABG) A Good Stock To Buy? – Yahoo Finance” on May 02, 2019. More interesting news about Matthews International Corporation (NASDAQ:MATW) were released by: Benzinga.com and their article: “Earnings Scheduled For November 15, 2018 – Benzinga” published on November 15, 2018 as well as Nasdaq.com‘s news article titled: “Matthews International (MATW) Misses Q2 Earnings and Revenue Estimates – Nasdaq” with publication date: May 02, 2019.

Matthews International Corporation (NASDAQ:MATW) Institutional Positions Chart

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