Renaissance Technologies LLC lowered its position in Materialise NV (NASDAQ:MTLS - Free Report) by 17.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 470,300 shares of the software maker's stock after selling 96,074 shares during the quarter. Renaissance Technologies LLC owned 0.80% of Materialise worth $3,311,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in shares of Materialise by 1,589.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 41,238 shares of the software maker's stock worth $226,000 after buying an additional 38,797 shares during the last quarter. KBC Group NV boosted its stake in shares of Materialise by 18.8% during the fourth quarter. KBC Group NV now owns 408,584 shares of the software maker's stock valued at $2,876,000 after acquiring an additional 64,744 shares during the last quarter. Barclays PLC increased its stake in shares of Materialise by 45.3% during the 3rd quarter. Barclays PLC now owns 7,933 shares of the software maker's stock valued at $43,000 after acquiring an additional 2,473 shares during the last quarter. Inspire Investing LLC acquired a new position in Materialise during the fourth quarter worth approximately $756,000. Finally, Truist Financial Corp acquired a new position in Materialise during the fourth quarter worth approximately $79,000. Institutional investors and hedge funds own 19.30% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of Materialise from a "buy" rating to a "hold" rating in a research report on Friday, February 28th.
View Our Latest Analysis on MTLS
Materialise Trading Down 0.5 %
Shares of Materialise stock traded down $0.03 during trading hours on Tuesday, hitting $5.14. The company's stock had a trading volume of 5,047 shares, compared to its average volume of 178,333. Materialise NV has a 1-year low of $3.93 and a 1-year high of $9.69. The business has a fifty day moving average of $5.02 and a 200 day moving average of $6.54. The company has a market capitalization of $303.32 million, a PE ratio of 20.53 and a beta of 1.58. The company has a quick ratio of 1.65, a current ratio of 1.81 and a debt-to-equity ratio of 0.10.
Materialise (NASDAQ:MTLS - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.03). Materialise had a return on equity of 5.47% and a net margin of 5.04%. The business had revenue of $71.79 million during the quarter, compared to analyst estimates of $67.00 million. As a group, equities analysts forecast that Materialise NV will post 0.3 EPS for the current year.
About Materialise
(
Free Report)
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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