Are Analysts Bullish Matson, Inc. (NYSE:MATX) After Last Week?

September 16, 2018 - By Mary Gaskins

Matson, Inc. (NYSE:MATX) LogoInvestors sentiment increased to 1.25 in Q2 2018. Its up 0.17, from 1.08 in 2018Q1. It increased, as 15 investors sold Matson, Inc. shares while 45 reduced holdings. 20 funds opened positions while 55 raised stakes. 35.86 million shares or 0.35% more from 35.74 million shares in 2018Q1 were reported.
Voya Ltd Liability stated it has 17,300 shares. Commercial Bank Of New York Mellon, New York-based fund reported 734,905 shares. Envestnet Asset Management accumulated 2,163 shares or 0% of the stock. Gam Holdg Ag invested in 23,831 shares or 0.03% of the stock. Gsa Capital Prns Limited Liability Partnership owns 37,196 shares. Tiaa Cref Invest Mngmt Limited Liability reported 151,521 shares stake. Glenmede Trust Na accumulated 3,011 shares. Martingale Asset L P has 0.01% invested in Matson, Inc. (NYSE:MATX) for 13,529 shares. Brown Advisory Inc, a Maryland-based fund reported 36,044 shares. Aqr Cap Mngmt Ltd Liability Corporation stated it has 7,777 shares or 0% of all its holdings. State Board Of Administration Of Florida Retirement holds 0% or 38,488 shares in its portfolio. Moreover, Commonwealth Of Pennsylvania School Empls Retrmt has 0% invested in Matson, Inc. (NYSE:MATX). Janney Montgomery Scott Lc reported 21,534 shares. State Of Tennessee Treasury Department accumulated 0.01% or 29,390 shares. Ckw Financial stated it has 17,422 shares.

Since March 15, 2018, it had 2 insider buys, and 6 sales for $425,051 activity. The insider Forest Ronald J sold $38,380. Shares for $118,289 were sold by Angoco Vic S Jr on Tuesday, May 15. 2,000 shares were sold by BAIRD W BLAKE, worth $62,250 on Friday, May 4. $52,108 worth of Matson, Inc. (NYSE:MATX) shares were sold by CHUN MICHAEL J.

Matson, Inc. (NYSE:MATX) Ratings Coverage

Among 2 analysts covering Matson (NYSE:MATX), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Matson had 2 analyst reports since April 9, 2018 according to SRatingsIntel. The rating was maintained by Stephens with “Hold” on Monday, April 9. The stock of Matson, Inc. (NYSE:MATX) has “Buy” rating given on Wednesday, August 1 by Stifel Nicolaus. Below is a list of Matson, Inc. (NYSE:MATX) latest ratings and price target changes.

01/08/2018 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Buy Old Target: $38 New Target: $43 Maintain
09/04/2018 Broker: Stephens Rating: Hold New Target: $33.0000 Maintain

The stock increased 1.65% or $0.61 during the last trading session, reaching $37.64. About 285,303 shares traded or 54.38% up from the average. Matson, Inc. (NYSE:MATX) has risen 39.63% since September 16, 2017 and is uptrending. It has outperformed by 24.01% the S&P500.

Matson, Inc., through its subsidiaries, operates as an ocean cargo carrier. The company has market cap of $1.61 billion. The firm operates in two divisions, Ocean Transportation and Logistics. It has a 6.54 P/E ratio. The Ocean Transportation segment offers ocean transportation services to the domestic economies of Hawaii, Alaska, and Guam, as well as to other island economies in Micronesia and in the South Pacific.

Matson, Inc. (NYSE:MATX) Institutional Positions Chart

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