Meritage Portfolio Management Buys New Stake in Materialise NV $MTLS

Key Points

• Meritage Portfolio Management has acquired a new position in Materialise NV, buying 81,221 shares valued at approximately $459,000.
• Other institutional investors have also increased their stakes, with companies like Rock Point Advisors LLC raising their position by 28% and King Luther Capital Management Corp increasing by 169.4%.
• Analyst ratings for Materialise remain negative, with Weiss Ratings issuing a "sell" rating and the stock maintaining a consensus rating of "Sell".

Meritage Portfolio Management purchased a new position in Materialise NV (NASDAQ:MTLS - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 81,221 shares of the software maker's stock, valued at approximately $459,000. Meritage Portfolio Management owned approximately 0.14% of Materialise as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Rock Point Advisors LLC lifted its position in shares of Materialise by 28.0% during the 1st quarter. Rock Point Advisors LLC now owns 898,150 shares of the software maker's stock worth $4,419,000 after purchasing an additional 196,555 shares during the last quarter. King Luther Capital Management Corp raised its holdings in shares of Materialise by 169.4% in the first quarter. King Luther Capital Management Corp now owns 485,000 shares of the software maker's stock valued at $2,386,000 after buying an additional 305,000 shares during the last quarter. Roubaix Capital LLC acquired a new position in shares of Materialise during the first quarter worth about $1,938,000. Envestnet Asset Management Inc. grew its position in Materialise by 11.8% during the first quarter. Envestnet Asset Management Inc. now owns 139,409 shares of the software maker's stock worth $686,000 after buying an additional 14,683 shares during the period. Finally, AMH Equity Ltd acquired a new stake in shares of Materialise in the first quarter valued at approximately $541,000. Institutional investors and hedge funds own 19.30% of the company's stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "sell (d+)" rating on shares of Materialise in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Sell".

Materialise Stock Performance

MTLS stock opened at $5.79 on Monday. The company has a quick ratio of 2.00, a current ratio of 2.16 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average of $5.32 and a two-hundred day moving average of $5.28. The company has a market capitalization of $342.02 million, a price-to-earnings ratio of 57.91 and a beta of 1.26. Materialise NV has a 12 month low of $3.93 and a 12 month high of $9.69.

Materialise Profile

Materialise NV provides additive manufacturing and medical software, and 3D printing services in the Americas, Europe and Africa, and the Asia-Pacific. The company operates through three segments: Materialise Software, Materialise Medical, and Materialise Manufacturing. The Materialise Software segment offers software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.

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