Oregon Public Employees Retirement Fund Decreases Stake in Matthews International Co. (NASDAQ:MATW)

Oregon Public Employees Retirement Fund lessened its stake in Matthews International Co. (NASDAQ:MATWGet Rating) by 4.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,224 shares of the company’s stock after selling 600 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Matthews International were worth $448,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in MATW. US Asset Management LLC acquired a new position in Matthews International during the third quarter worth $48,000. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Matthews International by 33.6% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,800 shares of the company’s stock worth $132,000 after buying an additional 956 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Matthews International in the 3rd quarter worth about $145,000. Royal Bank of Canada grew its stake in Matthews International by 23.5% in the 2nd quarter. Royal Bank of Canada now owns 4,363 shares of the company’s stock valued at $157,000 after acquiring an additional 830 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Matthews International by 288.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,396 shares of the company’s stock valued at $188,000 after acquiring an additional 4,008 shares in the last quarter. Hedge funds and other institutional investors own 82.38% of the company’s stock.

A number of research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Matthews International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 5th. StockNews.com began coverage on Matthews International in a research report on Thursday, March 31st. They set a “buy” rating for the company.

Matthews International stock opened at $31.73 on Friday. The stock has a market capitalization of $1.00 billion, a P/E ratio of -66.10 and a beta of 1.11. Matthews International Co. has a 12-month low of $29.54 and a 12-month high of $43.75. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.01 and a quick ratio of 1.45. The firm’s 50-day moving average is $32.71 and its two-hundred day moving average is $34.82.

Matthews International (NASDAQ:MATWGet Rating) last announced its earnings results on Thursday, January 27th. The company reported $0.74 earnings per share (EPS) for the quarter. The firm had revenue of $438.58 million for the quarter. Matthews International had a negative net margin of 0.88% and a positive return on equity of 16.91%. During the same quarter last year, the business posted $0.68 EPS. As a group, analysts forecast that Matthews International Co. will post 3.08 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 21st. Stockholders of record on Monday, February 7th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date was Friday, February 4th. Matthews International’s dividend payout ratio is currently -183.33%.

About Matthews International (Get Rating)

Matthews International Corporation provides brand solutions, memorialization products, and industrial technologies worldwide. It operates through three segments: SGK Brand Solutions, Memorialization, and Industrial Technologies. The SGK Brand solutions segment provides brand management, pre-media services, printing plates and cylinders, engineered products, imaging services, digital asset management, merchandising display systems, and marketing and design services for the consumer goods and retail industries.

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Institutional Ownership by Quarter for Matthews International (NASDAQ:MATW)

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