Matthews International Co. (NASDAQ:MATW) Position Raised by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. raised its stake in Matthews International Co. (NASDAQ:MATW) by 32.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 9,080 shares of the company’s stock after buying an additional 2,250 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Matthews International were worth $315,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of MATW. First Trust Advisors LP lifted its stake in Matthews International by 23.5% in the first quarter. First Trust Advisors LP now owns 39,904 shares of the company’s stock valued at $1,474,000 after buying an additional 7,580 shares during the last quarter. American Century Companies Inc. bought a new stake in shares of Matthews International during the second quarter valued at about $547,000. Swiss National Bank raised its stake in shares of Matthews International by 1.2% during the second quarter. Swiss National Bank now owns 69,796 shares of the company’s stock valued at $2,510,000 after purchasing an additional 800 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Matthews International by 15,700.0% during the second quarter. O Shaughnessy Asset Management LLC now owns 5,214 shares of the company’s stock valued at $187,000 after purchasing an additional 5,181 shares in the last quarter. Finally, Citigroup Inc. raised its stake in shares of Matthews International by 119.6% during the second quarter. Citigroup Inc. now owns 28,092 shares of the company’s stock valued at $1,010,000 after purchasing an additional 15,301 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.

Separately, Zacks Investment Research cut shares of Matthews International from a “hold” rating to a “sell” rating in a research note on Thursday, November 25th.

NASDAQ:MATW opened at $37.15 on Friday. The business’s 50-day moving average price is $36.68 and its 200 day moving average price is $35.45. The firm has a market cap of $1.17 billion, a P/E ratio of 464.43 and a beta of 1.13. Matthews International Co. has a 52-week low of $30.45 and a 52-week high of $43.75. The company has a quick ratio of 1.23, a current ratio of 1.76 and a debt-to-equity ratio of 1.19.

Matthews International (NASDAQ:MATW) last released its earnings results on Thursday, November 18th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.05. The firm had revenue of $438.84 million for the quarter, compared to analyst estimates of $386.10 million. Matthews International had a return on equity of 16.76% and a net margin of 0.17%. During the same period in the previous year, the company earned $1.11 earnings per share. Sell-side analysts expect that Matthews International Co. will post 2.93 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, December 13th. Investors of record on Monday, November 29th were issued a dividend of $0.22 per share. This is a positive change from Matthews International’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend was Friday, November 26th. Matthews International’s payout ratio is presently 1,100.14%.

About Matthews International

Matthews International Corp. engages in the provision of brand solutions, memorialization products, and industrial technologies. It operates through the following segments: SGK Brand Solutions, Memorialization, and Industrial Technologies. The SGK Brand Solutions segment consists of 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 consumer goods and retail industries.

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

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