Matthews International Corp (NASDAQ:MATW) Quarterly Sentiment Change Report

May 18, 2018 - By Marie Mckinney

Sentiment for Matthews International Corp (NASDAQ:MATW)

Matthews International Corp (NASDAQ:MATW) institutional sentiment increased to 1.59 in Q4 2017. Its up 0.39, from 1.2 in 2017Q3. The ratio has improved, as 97 funds increased or started new holdings, while 61 cut down and sold their holdings in Matthews International Corp. The funds in our partner’s database now possess: 25.34 million shares, up from 25.12 million shares in 2017Q3. Also, the number of funds holding Matthews International Corp in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 21 Reduced: 40 Increased: 66 New Position: 31.

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 $1.70 billion. It operates through three divisions: SGK Brand Solutions, Memorialization, and Industrial Technologies. It has a 17.31 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 0.47% or $0.25 during the last trading session, reaching $52.8. About 18,509 shares traded. Matthews International Corporation (NASDAQ:MATW) has declined 24.55% since May 18, 2017 and is downtrending. It has underperformed by 36.10% the S&P500.

Analysts await Matthews International Corporation (NASDAQ:MATW) to report earnings on July, 26. They expect $1.14 EPS, up 8.57 % or $0.09 from last year’s $1.05 per share. MATW’s profit will be $36.64M for 11.58 P/E if the $1.14 EPS becomes a reality. After $0.93 actual EPS reported by Matthews International Corporation for the previous quarter, Wall Street now forecasts 22.58 % EPS growth.

Clarkston Capital Partners Llc holds 2.33% of its portfolio in Matthews International Corporation for 1.14 million shares. Aristotle Capital Boston Llc owns 264,322 shares or 1.02% of their US portfolio. Moreover, Eagle Boston Investment Management Inc has 0.97% invested in the company for 184,027 shares. The Illinois-based Channing Capital Management Llc has invested 0.45% in the stock. Northpointe Capital Llc, a Michigan-based fund reported 73,236 shares.

Since January 1, 0001, it had 4 insider purchases, and 0 insider sales for $408,071 activity.

More news for Matthews International Corporation (NASDAQ:MATW) were recently published by: Seekingalpha.com, which released: “Matthews International’s (MATW) CEO Joe Bartolacci on Q2 2018 Results – Earnings Call Transcript” on April 28, 2018. Globenewswire.com‘s article titled: “Matthews International Reports Results for Fiscal 2018 Second Quarter” and published on April 26, 2018 is yet another important article.

Matthews International Corporation (NASDAQ:MATW) Institutional Positions Chart

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