Hudson Bay Capital Management LP Sells 3,227 Shares of Matson, Inc. (NYSE:MATX)

Hudson Bay Capital Management LP reduced its stake in shares of Matson, Inc. (NYSE:MATX - Free Report) by 14.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,433 shares of the shipping company's stock after selling 3,227 shares during the quarter. Hudson Bay Capital Management LP owned 0.06% of Matson worth $2,486,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Matson by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 4,025,208 shares of the shipping company's stock worth $542,759,000 after acquiring an additional 11,357 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Matson by 10.9% in the fourth quarter. American Century Companies Inc. now owns 1,086,932 shares of the shipping company's stock valued at $146,562,000 after buying an additional 106,490 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Matson by 9.5% in the fourth quarter. Pacer Advisors Inc. now owns 1,049,772 shares of the shipping company's stock valued at $141,551,000 after buying an additional 91,172 shares in the last quarter. Capital Research Global Investors increased its stake in shares of Matson by 8.3% in the fourth quarter. Capital Research Global Investors now owns 753,414 shares of the shipping company's stock valued at $101,590,000 after buying an additional 58,027 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Matson by 21.5% in the fourth quarter. First Trust Advisors LP now owns 663,245 shares of the shipping company's stock valued at $89,432,000 after buying an additional 117,545 shares in the last quarter. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Matson Trading Down 1.1%

Matson stock traded down $1.32 during mid-day trading on Friday, hitting $114.81. The stock had a trading volume of 364,198 shares, compared to its average volume of 338,552. The stock has a 50-day simple moving average of $113.50 and a two-hundred day simple moving average of $133.87. The stock has a market capitalization of $3.75 billion, a PE ratio of 9.55 and a beta of 1.30. Matson, Inc. has a 12 month low of $91.75 and a 12 month 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 quarterly earnings results on Monday, May 5th. The shipping company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.34 by ($0.16). The firm had revenue of $782.00 million during the quarter, compared to the consensus estimate of $818.07 million. Matson had a net margin of 12.37% and a return on equity of 16.89%. Matson's revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.04 EPS. As a group, sell-side analysts forecast that Matson, Inc. will post 13.27 EPS for the current year.

Matson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 8th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Thursday, May 8th. Matson's dividend payout ratio (DPR) is currently 8.96%.

Insiders Place Their Bets

In other Matson news, SVP Laura L. Rascon sold 1,700 shares of the firm's 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 transaction, the senior vice president now owns 14,712 shares in the company, valued at approximately $1,738,811.28. This trade represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Richard S. Kinney sold 1,997 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $137.11, for a total value of $273,808.67. Following the transaction, the senior vice president now owns 8,425 shares in the company, valued at approximately $1,155,151.75. This trade represents a 19.16% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,682 shares of company stock worth $1,550,551. Insiders own 2.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MATX shares. Stifel Nicolaus lowered their target price on Matson from $160.00 to $130.00 and set a "hold" rating for the company in a research note on Tuesday, May 6th. Stephens lowered their target price on Matson from $175.00 to $150.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Jefferies Financial Group raised their target price on Matson from $125.00 to $135.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, StockNews.com cut Matson from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target 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.