Engineers Gate Manager LP bought a new position in shares of Matthews International Corp (NASDAQ:MATW) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,432 shares of the company’s stock, valued at approximately $523,000.

Other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in Matthews International by 0.4% during the first quarter. Principal Financial Group Inc. now owns 247,540 shares of the company’s stock worth $12,526,000 after purchasing an additional 950 shares during the last quarter. MetLife Investment Advisors LLC lifted its stake in Matthews International by 7.5% during the second quarter. MetLife Investment Advisors LLC now owns 14,349 shares of the company’s stock worth $844,000 after purchasing an additional 1,006 shares during the last quarter. Aperio Group LLC lifted its stake in Matthews International by 16.7% during the second quarter. Aperio Group LLC now owns 7,202 shares of the company’s stock worth $423,000 after purchasing an additional 1,032 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Matthews International by 15.9% during the second quarter. Victory Capital Management Inc. now owns 7,598 shares of the company’s stock worth $447,000 after purchasing an additional 1,045 shares during the last quarter. Finally, Toth Financial Advisory Corp lifted its stake in Matthews International by 42.4% during the third quarter. Toth Financial Advisory Corp now owns 4,217 shares of the company’s stock worth $212,000 after purchasing an additional 1,255 shares during the last quarter. Institutional investors and hedge funds own 81.07% of the company’s stock.

NASDAQ MATW opened at $42.01 on Wednesday. Matthews International Corp has a 1-year low of $39.76 and a 1-year high of $61.25. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.05 and a quick ratio of 1.45. The stock has a market capitalization of $1.39 billion, a PE ratio of 11.67 and a beta of 1.18.

Several equities research analysts have issued reports on MATW shares. Zacks Investment Research lowered Matthews International from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. ValuEngine raised Matthews International from a “strong sell” rating to a “sell” rating in a research note on Friday, September 7th. Buckingham Research started coverage on Matthews International in a research note on Tuesday, October 2nd. They set a “buy” rating and a $61.00 price target for the company. BidaskClub lowered Matthews International from a “sell” rating to a “strong sell” rating in a research note on Thursday, September 13th. Finally, TheStreet lowered Matthews International from a “b” rating to a “c+” rating in a research note on Monday, August 20th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $70.00.

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About Matthews International

Matthews International Corporation provides brand solutions, memorialization products, and industrial products in the United States, Central and South America, Canada, Europe, Australia, and Asia. It operates through three segments: SGK Brand Solutions, Memorialization, and Industrial Technologies. The SGK Brand Solutions segment provides brand development, deployment, delivery, brand management, 3-D graphics renderings, 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 manufacturers; and creative digital graphics services, as well as designs, engineers, manufactures, and executes merchandising and display systems.

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

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