Swiss National Bank continued to hold its position in shares of Matthews International Corporation (NASDAQ:MATW) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 53,096 shares of the company’s stock at the close of the 2nd quarter. Swiss National Bank owned about 0.16% of Matthews International Corporation worth $3,252,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MATW. Sei Investments Co. lifted its holdings in Matthews International Corporation by 5.3% during the 2nd quarter. Sei Investments Co. now owns 20,374 shares of the company’s stock valued at $1,248,000 after buying an additional 1,020 shares in the last quarter. Eagle Boston Investment Management Inc. lifted its holdings in Matthews International Corporation by 0.3% during the 2nd quarter. Eagle Boston Investment Management Inc. now owns 170,054 shares of the company’s stock valued at $10,415,000 after buying an additional 483 shares in the last quarter. Clarkston Capital Partners LLC lifted its holdings in Matthews International Corporation by 0.5% during the 2nd quarter. Clarkston Capital Partners LLC now owns 1,077,161 shares of the company’s stock valued at $65,976,000 after buying an additional 5,245 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in Matthews International Corporation by 3.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,610 shares of the company’s stock valued at $466,000 after buying an additional 270 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in Matthews International Corporation by 61.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,889 shares of the company’s stock valued at $667,000 after buying an additional 4,144 shares in the last quarter. Hedge funds and other institutional investors own 78.57% of the company’s stock.

Shares of Matthews International Corporation (NASDAQ:MATW) opened at 64.35 on Thursday. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 27.12 and a beta of 1.13. Matthews International Corporation has a one year low of $57.40 and a one year high of $77.85. The company’s 50-day moving average is $61.26 and its 200-day moving average is $64.42.

Matthews International Corporation (NASDAQ:MATW) last posted its earnings results on Thursday, July 27th. The company reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.01. Matthews International Corporation had a net margin of 5.17% and a return on equity of 16.23%. The company had revenue of $389.63 million for the quarter, compared to analysts’ expectations of $392.03 million. During the same quarter in the prior year, the company posted $0.97 earnings per share. Matthews International Corporation’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities analysts predict that Matthews International Corporation will post $3.61 EPS for the current year.

MATW has been the subject of a number of research analyst reports. BidaskClub upgraded shares of Matthews International Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Macquarie upgraded shares of Matthews International Corporation from a “neutral” rating to an “outperform” rating and set a $75.00 price objective for the company in a report on Wednesday, July 5th. FBR & Co reiterated an “outperform” rating on shares of Matthews International Corporation in a report on Tuesday, July 11th. Finally, Zacks Investment Research lowered shares of Matthews International Corporation from a “hold” rating to a “sell” rating in a report on Saturday, September 23rd. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $83.50.

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About Matthews International Corporation

Matthews International Corporation is a provider of brand solutions, memorialization products and industrial technologies. The Company operates through three segments: SGK Brand Solutions, Memorialization and Industrial Technologies. The SGK Brand Solutions segment provides brand development, deployment and delivery (consisting of brand management, printing plates and cylinders, pre-media services and imaging services for consumer packaged goods and retail customers, merchandising display systems, and marketing and design services).

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

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