A Reversal for Matthews International Corporation Class A (NASDAQ:MATW) Is Not Near. The Stock Has Rise in Shorts

February 15, 2018 - By Maria Brooks

 A Reversal for Matthews International Corporation Class A (NASDAQ:MATW) Is Not Near. The Stock Has Rise in Shorts

Investors sentiment decreased to 1.2 in 2017 Q3. Its down 0.25, from 1.45 in 2017Q2. It fall, as 18 investors sold Matthews International Corporation shares while 47 reduced holdings. 23 funds opened positions while 55 raised stakes. 25.12 million shares or 0.23% more from 25.06 million shares in 2017Q2 were reported.
Ameriprise Fincl stated it has 169,887 shares. Aristotle Capital Boston Llc holds 1.15% or 206,176 shares. Piedmont Invest Advsr Limited Liability Company owns 0.01% invested in Matthews International Corporation (NASDAQ:MATW) for 7,012 shares. Ser Automobile Association accumulated 167,861 shares or 0.03% of the stock. Cim Mangement invested 0.11% in Matthews International Corporation (NASDAQ:MATW). Millennium Mngmt Lc accumulated 0.01% or 112,296 shares. California State Teachers Retirement Sys invested 0.01% in Matthews International Corporation (NASDAQ:MATW). State Of Tennessee Treasury Department owns 28,929 shares or 0.01% of their US portfolio. Ny State Common Retirement Fund invested 0.01% in Matthews International Corporation (NASDAQ:MATW). Wellington Management Group Limited Liability Partnership reported 1.43 million shares. Raymond James Fincl Advsrs reported 0.01% in Matthews International Corporation (NASDAQ:MATW). Aqr Cap Management Limited Liability Company reported 0% stake. Blackrock reported 3.86M shares stake. Smithfield Trust invested in 0.01% or 1,100 shares. Mason Street Advsrs Llc invested in 8,152 shares or 0.01% of the stock.

Since January 30, 2018, it had 3 insider purchases, and 0 insider sales for $308,071 activity. Another trade for 1,000 shares valued at $52,000 was made by GARCIA TUNON ALVARO on Monday, February 5.

The stock of Matthews International Corporation Class A (NASDAQ:MATW) registered an increase of 24.12% in short interest. MATW’s total short interest was 829,400 shares in February as published by FINRA. Its up 24.12% from 668,200 shares, reported previously. With 146,300 shares average volume, it will take short sellers 6 days to cover their MATW’s short positions. The short interest to Matthews International Corporation Class A’s float is 2.67%.

The stock decreased 0.38% or $0.2 during the last trading session, reaching $52.25. About 38,951 shares traded. Matthews International Corporation (NASDAQ:MATW) has risen 24.80% since February 15, 2017 and is uptrending. It has outperformed by 8.10% the S&P500.

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 $1.69 billion. It operates through three divisions: SGK Brand Solutions, Memorialization, and Industrial Technologies. It has a 17.13 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.

Matthews International Corporation (NASDAQ:MATW) Ratings Coverage

Among 3 analysts covering Matthews International (NASDAQ:MATW), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Matthews International had 7 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of Matthews International Corporation (NASDAQ:MATW) has “Buy” rating given on Friday, July 29 by Wunderlich. The rating was upgraded by Macquarie Research to “Outperform” on Wednesday, July 5. On Thursday, September 22 the stock rating was maintained by Macquarie Research with “Neutral”. The rating was maintained by Wunderlich on Monday, November 21 with “Buy”. The firm has “Neutral” rating by Macquarie Research given on Wednesday, November 4.

More important recent Matthews International Corporation (NASDAQ:MATW) news were published by: Seekingalpha.com which released: “Matthews International’s (MATW) CEO Joe Bartolacci on Q3 2017 Results …” on July 28, 2017, also Post-Gazette.com published article titled: “In brief: Matthews International acquires Georgia company for $41.2 million …”, Forbes.com published: “Ex-Dividend Reminder: CenturyLink, MKS Instruments and Matthews International” on November 22, 2017. More interesting news about Matthews International Corporation (NASDAQ:MATW) was released by: Seekingalpha.com and their article: “Why Matthews International Has 55-65% Downside Risk” with publication date: January 11, 2018.

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