Cwm LLC Raises Holdings in Matson, Inc. (NYSE:MATX)

Cwm LLC raised its position in shares of Matson, Inc. (NYSE:MATX) by 80.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,198 shares of the shipping company’s stock after acquiring an additional 534 shares during the period. Cwm LLC’s holdings in Matson were worth $171,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Matson by 5.7% in the first quarter. Vanguard Group Inc. now owns 3,984,076 shares of the shipping company’s stock worth $447,810,000 after buying an additional 215,452 shares during the period. American Century Companies Inc. raised its stake in shares of Matson by 4.2% during the second quarter. American Century Companies Inc. now owns 911,827 shares of the shipping company’s stock valued at $119,422,000 after purchasing an additional 36,901 shares in the last quarter. Encompass Capital Advisors LLC raised its holdings in Matson by 52.1% during the second quarter. Encompass Capital Advisors LLC now owns 356,416 shares of the shipping company’s stock worth $46,680,000 after purchasing an additional 122,017 shares in the last quarter. LSV Asset Management boosted its position in shares of Matson by 18.1% during the 1st quarter. LSV Asset Management now owns 282,763 shares of the shipping company’s stock valued at $31,783,000 after purchasing an additional 43,324 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Matson by 126.5% in the 2nd quarter. Millennium Management LLC now owns 240,117 shares of the shipping company’s stock worth $31,448,000 after purchasing an additional 134,092 shares in the last quarter. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Laura L. Rascon sold 744 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $129.13, for a total value of $96,072.72. Following the completion of the transaction, the senior vice president now directly owns 12,369 shares of the company’s stock, valued at approximately $1,597,208.97. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Matthew J. Cox sold 6,499 shares of the stock in a transaction on Monday, September 30th. The shares were sold at an average price of $143.82, for a total transaction of $934,686.18. Following the completion of the transaction, the chief executive officer now owns 208,898 shares in the company, valued at approximately $30,043,710.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Laura L. Rascon sold 744 shares of Matson stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $129.13, for a total value of $96,072.72. Following the completion of the sale, the senior vice president now directly owns 12,369 shares in the company, valued at approximately $1,597,208.97. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,736 shares of company stock worth $6,672,494 over the last ninety days. Company insiders own 2.32% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on MATX shares. Stephens raised their target price on shares of Matson from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. StockNews.com lowered shares of Matson from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 6th.

Matson Stock Down 1.4 %

Matson stock opened at $131.18 on Thursday. Matson, Inc. has a fifty-two week low of $82.68 and a fifty-two week high of $144.93. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $4.58 billion, a price-to-earnings ratio of 15.47 and a beta of 1.07. The company’s 50 day simple moving average is $134.95 and its 200 day simple moving average is $125.97.

Matson (NYSE:MATX) last announced its quarterly earnings results on Thursday, August 1st. The shipping company reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.05 by $0.26. Matson had a return on equity of 13.87% and a net margin of 10.41%. The company had revenue of $847.40 million during the quarter, compared to the consensus estimate of $861.68 million. As a group, sell-side analysts anticipate that Matson, Inc. will post 11.45 EPS for the current year.

Matson Profile

Matson, Inc, together with its subsidiaries, engages in the provision of ocean transportation and logistics services. It operates through two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Japan, Alaska, and Guam, as well as to other island economies in Micronesia.