Matson, Inc. (NYSE:MATX) Stock Holdings Raised by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in shares of Matson, Inc. (NYSE:MATX - Free Report) by 14,218.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175,977 shares of the shipping company's stock after acquiring an additional 174,748 shares during the period. GAMMA Investing LLC owned 0.54% of Matson worth $22,555,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Wellington Management Group LLP purchased a new position in Matson during the fourth quarter worth approximately $2,705,000. Campbell Deegan Wealth Management LLC purchased a new stake in shares of Matson during the 4th quarter valued at $524,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Matson during the 4th quarter worth $3,502,000. Brucke Financial Inc. purchased a new position in shares of Matson in the 4th quarter worth $352,000. Finally, Leigh Baldwin & CO. LLC purchased a new position in shares of Matson in the 4th quarter worth $259,000. 84.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Matson

In other news, SVP Laura L. Rascon sold 1,700 shares of Matson stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $118.19, for a total transaction of $200,923.00. Following the sale, the senior vice president now directly owns 14,712 shares of the company's stock, valued at approximately $1,738,811.28. The trade was a 10.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bradley D. Tilden purchased 2,752 shares of Matson stock in a transaction that occurred on Thursday, May 29th. The stock was acquired at an average cost of $111.76 per share, with a total value of $307,563.52. Following the acquisition, the director now directly owns 8,180 shares of the company's stock, valued at $914,196.80. The trade was a 50.70% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.05% of the company's stock.

Matson Stock Up 0.7%

NYSE:MATX traded up $0.80 during mid-day trading on Friday, hitting $112.89. The company had a trading volume of 345,277 shares, compared to its average volume of 343,572. The business has a fifty day simple moving average of $107.88 and a 200-day simple moving average of $128.61. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 9.39 and a beta of 1.31. Matson, Inc. has a 1 year low of $91.75 and a 1 year high of $169.12. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.14.

Matson (NYSE:MATX - Get Free Report) last posted its earnings results on Monday, May 5th. The shipping company reported $2.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.34 by ($0.16). The company had revenue of $782.00 million during the quarter, compared to analyst estimates of $818.07 million. Matson had a net margin of 12.37% and a return on equity of 16.89%. Matson's quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.04 EPS. Equities analysts forecast that Matson, Inc. will post 13.27 earnings per share for the current fiscal year.

Matson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 8th were paid a dividend of $0.34 per share. The ex-dividend date was Thursday, May 8th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.20%. Matson's dividend payout ratio is currently 8.96%.

Wall Street Analysts Forecast Growth

MATX has been the subject of a number of research reports. Wall Street Zen downgraded Matson from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Stephens decreased their target price on Matson from $175.00 to $150.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Jefferies Financial Group increased their target price on shares of Matson from $125.00 to $135.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Finally, Stifel Nicolaus reduced their price target on shares of Matson from $160.00 to $130.00 and set a "hold" rating on the stock in a research report on Tuesday, May 6th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Matson has a consensus rating of "Hold" and an average target price of $138.33.

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.