Y Intercept Hong Kong Ltd Acquires 6,827 Shares of Matson, Inc. (NYSE:MATX)

Y Intercept Hong Kong Ltd raised its holdings in Matson, Inc. (NYSE:MATX) by 127.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,182 shares of the shipping company’s stock after buying an additional 6,827 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Matson were worth $1,643,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of MATX. Harbor Capital Advisors Inc. bought a new stake in Matson in the 3rd quarter valued at $50,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Matson in the 3rd quarter worth about $92,000. Farther Finance Advisors LLC grew its holdings in shares of Matson by 1,661.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,092 shares of the shipping company’s stock worth $156,000 after purchasing an additional 1,030 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Matson by 12.1% in the 4th quarter. GAMMA Investing LLC now owns 1,229 shares of the shipping company’s stock worth $166,000 after purchasing an additional 133 shares during the last quarter. Finally, Private Advisor Group LLC bought a new stake in shares of Matson in the 3rd quarter worth about $210,000. Institutional investors own 84.76% of the company’s stock.

Matson Stock Down 1.4 %

Shares of NYSE:MATX opened at $141.27 on Wednesday. Matson, Inc. has a 12 month low of $100.50 and a 12 month high of $169.12. The company’s 50-day moving average price is $139.46 and its two-hundred day moving average price is $141.01. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.14. The firm has a market cap of $4.69 billion, a P/E ratio of 11.75 and a beta of 1.05.

Matson (NYSE:MATX) last issued its quarterly earnings data on Tuesday, February 25th. The shipping company reported $3.80 EPS for the quarter, topping analysts’ consensus estimates of $3.20 by $0.60. Matson had a net margin of 12.37% and a return on equity of 16.89%. As a group, research analysts forecast that Matson, Inc. will post 13.27 EPS for the current fiscal year.

Matson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 6th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, February 6th. Matson’s dividend payout ratio is currently 11.31%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MATX. Wolfe Research lowered shares of Matson from an “outperform” rating to a “peer perform” rating in a report on Monday, November 18th. Stephens reaffirmed an “overweight” rating and issued a $165.00 target price on shares of Matson in a report on Thursday, January 2nd.

Matson Company 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.