Time to Reconsider Matsons Incorporated (NYSE:MATX) After Less Short Sellers?

February 15, 2018 - By Peter Erickson

 Time to Reconsider Matsons Incorporated (NYSE:MATX) After Less Short Sellers?

Investors sentiment decreased to 1.03 in Q3 2017. Its down 0.03, from 1.06 in 2017Q2. It is negative, as 17 investors sold Matson, Inc. shares while 52 reduced holdings. 24 funds opened positions while 47 raised stakes. 35.66 million shares or 2.05% less from 36.41 million shares in 2017Q2 were reported.
Bankshares Of America Corp De holds 0% or 919,090 shares. Clearbridge Invs Limited Company invested in 0% or 2,100 shares. Ls Invest Advsr Limited Liability Corp has invested 0% of its portfolio in Matson, Inc. (NYSE:MATX). Nationwide Fund Advsr has invested 0% in Matson, Inc. (NYSE:MATX). Envestnet Asset Mngmt Inc invested 0% of its portfolio in Matson, Inc. (NYSE:MATX). Regions Corporation holds 0% or 10,359 shares. Secor Advsr L P, a New York-based fund reported 10,584 shares. Credit Suisse Ag reported 0% stake. Texas Permanent School Fund, a Texas-based fund reported 31,477 shares. State Of Alaska Department Of Revenue reported 8,540 shares. Thrivent Fincl For Lutherans has invested 0% of its portfolio in Matson, Inc. (NYSE:MATX). Comerica Bancorporation owns 123,249 shares for 0.02% of their portfolio. Advisory Inc has invested 0.18% in Matson, Inc. (NYSE:MATX). Citadel Limited Liability invested 0.01% in Matson, Inc. (NYSE:MATX). Ahl Limited Liability Partnership reported 7,449 shares.

Since August 28, 2017, it had 1 buying transaction, and 0 selling transactions for $24,135 activity.

The stock of Matsons Incorporated (NYSE:MATX) registered a decrease of 0.77% in short interest. MATX’s total short interest was 1.43 million shares in February as published by FINRA. Its down 0.77% from 1.44 million shares, reported previously. With 193,300 shares average volume, it will take short sellers 7 days to cover their MATX’s short positions.

The stock decreased 2.58% or $0.92 during the last trading session, reaching $34.99. About 99,448 shares traded. Matson, Inc. (NYSE:MATX) has declined 5.12% since February 15, 2017 and is downtrending. It has underperformed by 21.82% the S&P500.

Matson, Inc., through its subsidiaries, operates as an ocean cargo carrier. The company has market cap of $1.49 billion. The firm operates in two divisions, Ocean Transportation and Logistics. It has a 18.04 P/E ratio. The Ocean Transportation segment offers ocean transportation services to the domestic economies of Hawaii, Alaska, and Guam, as well as to other island economies in Micronesia and in the South Pacific.

Matson, Inc. (NYSE:MATX) Ratings Coverage

Among 6 analysts covering Matson (NYSE:MATX), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Matson had 15 analyst reports since August 5, 2015 according to SRatingsIntel. On Thursday, September 21 the stock rating was maintained by Stifel Nicolaus with “Buy”. As per Thursday, December 15, the company rating was initiated by Seaport Global. The stock of Matson, Inc. (NYSE:MATX) earned “Hold” rating by Stifel Nicolaus on Tuesday, November 8. The firm has “Mkt Perform” rating by FBR Capital given on Monday, November 9. The stock has “Underperform” rating by Wells Fargo on Friday, August 18. The stock of Matson, Inc. (NYSE:MATX) earned “Buy” rating by Stifel Nicolaus on Friday, August 18. Wells Fargo upgraded Matson, Inc. (NYSE:MATX) on Monday, January 29 to “Hold” rating. Seaport Global upgraded the stock to “Buy” rating in Monday, January 29 report. Stifel Nicolaus maintained Matson, Inc. (NYSE:MATX) on Friday, November 3 with “Buy” rating. On Sunday, January 28 the stock rating was maintained by Stifel Nicolaus with “Buy”.

More notable recent Matson, Inc. (NYSE:MATX) news were published by: Prnewswire.com which released: “Matson Announces Quarterly Dividend Of $0.20 Per Share” on January 25, 2018, also Seekingalpha.com with their article: “Matson: This Company Is Poised To Shoot Higher” published on January 29, 2018, Streetinsider.com published: “Matson, Inc. (MATX) PT Raised to $38 at Stifel as Competitor Moves On” on January 29, 2018. More interesting news about Matson, Inc. (NYSE:MATX) were released by: Nasdaq.com and their article: “Matson, Inc. (MATX) Ex-Dividend Date Scheduled for February 07, 2018” published on February 06, 2018 as well as Prnewswire.com‘s news article titled: “Matson To Host Investor Day On March 13, 2018 In New York City” with publication date: February 06, 2018.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.