JPMorgan Chase & Co. Increases Holdings in Materialise NV (NASDAQ:MTLS)

JPMorgan Chase & Co. boosted its holdings in Materialise NV (NASDAQ:MTLS - Free Report) by 747.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 349,346 shares of the software maker's stock after purchasing an additional 308,108 shares during the quarter. JPMorgan Chase & Co. owned about 0.59% of Materialise worth $2,459,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in MTLS. Barclays PLC grew its holdings in shares of Materialise by 45.3% during the third quarter. Barclays PLC now owns 7,933 shares of the software maker's stock valued at $43,000 after buying an additional 2,473 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Materialise by 73.3% in the fourth quarter. GAMMA Investing LLC now owns 9,165 shares of the software maker's stock worth $65,000 after purchasing an additional 3,875 shares during the last quarter. Truist Financial Corp bought a new stake in Materialise in the 4th quarter worth approximately $79,000. Commonwealth Equity Services LLC bought a new stake in Materialise in the 4th quarter worth approximately $85,000. Finally, Retireful LLC purchased a new stake in Materialise during the 4th quarter valued at $161,000. Hedge funds and other institutional investors own 19.30% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded Materialise from a "buy" rating to a "hold" rating in a research note on Friday, February 28th.

Materialise Stock Performance

Shares of MTLS stock traded up $0.05 on Tuesday, reaching $5.21. The stock had a trading volume of 103,441 shares, compared to its average volume of 179,219. The stock has a market cap of $307.75 million, a P/E ratio of 20.84 and a beta of 1.58. Materialise NV has a 1 year low of $3.93 and a 1 year high of $9.69. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.65 and a current ratio of 1.81. The company has a 50 day simple moving average of $4.94 and a 200 day simple moving average of $6.54.

Materialise (NASDAQ:MTLS - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.03). The firm had revenue of $71.79 million during the quarter, compared to analysts' expectations of $67.00 million. Materialise had a return on equity of 5.47% and a net margin of 5.04%. Equities research analysts expect that Materialise NV will post 0.3 EPS for the current year.

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.