Skyline Asset Management Lp Decreased Materion Corp (NYSE:MTRN) Stake By $12.03 Million

February 23, 2018 - By Peter Erickson

Investors sentiment increased to 1.18 in 2017 Q3. Its up 0.31, from 0.87 in 2017Q2. It is positive, as 6 investors sold MTRN shares while 44 reduced holdings. 22 funds opened positions while 37 raised stakes. 17.77 million shares or 1.02% less from 17.95 million shares in 2017Q2 were reported. Ameritas Inv Prns accumulated 1,555 shares. Great West Life Assurance Can holds 28,492 shares or 0% of its portfolio. Eqis Mngmt owns 14,090 shares. Ameriprise Financial holds 0.01% or 636,426 shares. Arizona State Retirement System stated it has 10,412 shares. Royal Bancshares Of Canada holds 0% or 13,367 shares in its portfolio. Jacobs Levy Equity Mgmt has invested 0.05% of its portfolio in Materion Corporation (NYSE:MTRN). Los Angeles Mgmt & Equity Rech Inc reported 4,755 shares stake. Of Vermont invested 0% in Materion Corporation (NYSE:MTRN). Employees Retirement Of Ohio has 3,369 shares for 0% of their portfolio. Metropolitan Life Ny reported 13,596 shares stake. Blackrock owns 2.61M shares. Moreover, Guggenheim Cap has 0% invested in Materion Corporation (NYSE:MTRN) for 26,478 shares. Sg Americas Secs Ltd Limited Liability Company, New York-based fund reported 2,977 shares. Citadel Advisors Ltd Liability Company invested in 85,138 shares.

Since October 30, 2017, it had 0 insider purchases, and 3 selling transactions for $831,313 activity. The insider SHULAR CRAIG S sold $277,729. Chemnitz Gregory R. had sold 3,000 shares worth $148,794.

Skyline Asset Management Lp decreased its stake in Materion Corp (NYSE:MTRN) by 52.24% based on its latest 2017Q4 regulatory filing with the SEC. Skyline Asset Management Lp sold 250,715 shares as the company’s stock declined 3.63% while stock markets rallied. The institutional investor held 229,185 shares of the industrial specialties company at the end of 2017Q4, valued at $11.14M, down from 479,900 at the end of the previous reported quarter. Skyline Asset Management Lp who had been investing in Materion Corp for a number of months, seems to be less bullish one the $1.05B market cap company. The stock increased 1.16% or $0.6 during the last trading session, reaching $52.15. About 24,045 shares traded. Materion Corporation (NYSE:MTRN) has risen 47.97% since February 23, 2017 and is uptrending. It has outperformed by 31.27% the S&P500.

Skyline Asset Management Lp, which manages about $1.24 billion and $1.25 billion US Long portfolio, upped its stake in Compass Minerals Intl Inc (NYSE:CMP) by 140,100 shares to 299,100 shares, valued at $21.61 million in 2017Q4, according to the filing.

Skyline Asset Management Lp is a Illinois-based institutional investor with more than $1.24 billion AUM in March, 2014. Taken from Skyline Asset Management latest Adv, the fund reported to have 8 full and part-time employees. Among which 5 performing investment advisory and research functions. The institutional investor had between 1-10 clients.

Materion Corporation (NYSE:MTRN) Ratings Coverage

Among 4 analysts covering Materion (NYSE:MTRN), 0 have Buy rating, 1 Sell and 3 Hold. Therefore 0 are positive. Materion had 13 analyst reports since August 27, 2015 according to SRatingsIntel. Jefferies maintained Materion Corporation (NYSE:MTRN) rating on Tuesday, January 9. Jefferies has “Hold” rating and $46.0 target. The firm has “Hold” rating by Jefferies given on Friday, June 2. The firm has “Hold” rating given on Wednesday, January 13 by Jefferies. The rating was maintained by Jefferies on Friday, July 7 with “Hold”. Stifel Nicolaus upgraded Materion Corporation (NYSE:MTRN) rating on Thursday, August 27. Stifel Nicolaus has “Hold” rating and $24 target. The company was maintained on Monday, November 13 by KeyBanc Capital Markets. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, April 7. The stock of Materion Corporation (NYSE:MTRN) earned “Hold” rating by Jefferies on Thursday, July 27. As per Thursday, October 12, the company rating was maintained by KeyBanc Capital Markets. The stock has “Not Rated” rating by Wm Smith on Thursday, November 3.

Materion Corporation manufactures and sells advanced engineered materials used in consumer electronics, industrial components, defense, medical, automotive electronics, telecommunications infrastructure, energy, commercial aerospace, science, services, and appliance markets worldwide. The company has market cap of $1.05 billion. The firm operates through Performance Alloys and Composites, Advanced Materials, and Precision Coatings divisions. It has a 93.12 P/E ratio. The Performance Alloys and Composites segment provides copper and nickel manufactured in plate, rod, bar, tube, wire product forms, and other customized shapes; thick precision strip products; beryllium hydroxide; and beryllium products, such as beryllium and aluminum metal matrix composites, beryllia ceramics, and bulk metallic glass materials.

More important recent Materion Corporation (NYSE:MTRN) news were published by: Nasdaq.com which released: “Materion Corporation (MTRN) Ex-Dividend Date Scheduled for February 20, 2018” on February 16, 2018, also Seekingalpha.com published article titled: “Materion Corporation’s (MTRN) CEO Jugal Vijayvargiya on Q4 2017 Results …”, Businesswire.com published: “Materion Corporation Announces Appointment of Neil Sater as Vice President …” on February 01, 2018. More interesting news about Materion Corporation (NYSE:MTRN) was released by: Businesswire.com and their article: “Materion Corporation Announces Annual Meeting Date and Declares Dividend” with publication date: February 08, 2018.

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