B. Riley Financial Inc. acquired a new position in Matthews International Corp (NASDAQ:MATW) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,103 shares of the company’s stock, valued at approximately $418,000.

A number of other institutional investors have also bought and sold shares of the business. California Public Employees Retirement System boosted its stake in Matthews International by 48.8% in the second quarter. California Public Employees Retirement System now owns 30,057 shares of the company’s stock worth $1,767,000 after purchasing an additional 9,857 shares in the last quarter. MetLife Investment Advisors LLC lifted its stake in shares of Matthews International by 7.5% during the second quarter. MetLife Investment Advisors LLC now owns 14,349 shares of the company’s stock valued at $844,000 after acquiring an additional 1,006 shares during the period. Voya Investment Management LLC lifted its stake in shares of Matthews International by 1.6% during the second quarter. Voya Investment Management LLC now owns 582,440 shares of the company’s stock valued at $34,248,000 after acquiring an additional 9,149 shares during the period. Raymond James & Associates lifted its stake in shares of Matthews International by 21.3% during the second quarter. Raymond James & Associates now owns 307,120 shares of the company’s stock valued at $18,059,000 after acquiring an additional 53,976 shares during the period. Finally, Ontario Teachers Pension Plan Board acquired a new position in shares of Matthews International during the second quarter valued at $839,000. 81.15% of the stock is currently owned by institutional investors.

NASDAQ:MATW opened at $52.55 on Tuesday. Matthews International Corp has a 1-year low of $47.70 and a 1-year high of $65.10. The company has a current ratio of 2.05, a quick ratio of 1.45 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 14.60 and a beta of 1.05.

Matthews International (NASDAQ:MATW) last released its earnings results on Thursday, July 26th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.02. Matthews International had a return on equity of 14.70% and a net margin of 6.12%. The firm had revenue of $411.62 million for the quarter, compared to analyst estimates of $421.59 million. During the same quarter in the prior year, the firm posted $1.05 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. research analysts anticipate that Matthews International Corp will post 3.9 EPS for the current year.

Several equities analysts have recently issued reports on MATW shares. BidaskClub raised Matthews International from a “hold” rating to a “buy” rating in a research note on Tuesday, June 19th. TheStreet lowered Matthews International from a “b” rating to a “c+” rating in a research note on Monday, August 20th. ValuEngine lowered Matthews International from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 28th. Finally, Zacks Investment Research lowered Matthews International from a “buy” rating to a “hold” rating in a research note on Thursday, June 28th. Two equities research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $74.50.

About Matthews International

Matthews International Corporation provides brand solutions, memorialization products, and industrial products in the United States, Central and South America, Canada, Europe, Australia, and Asia. It operates through three segments: SGK Brand Solutions, Memorialization, and Industrial Technologies. The SGK Brand Solutions segment provides brand development, deployment, delivery, brand management, 3-D graphics renderings, pre-media graphics services, printing plates, gravure cylinders, steel bases, embossing tools, special purpose machinery, engineering assistance, print process assistance, print production management, digital asset management, content management, and package design services to brand owners and packaging manufacturers; and creative digital graphics services, as well as designs, engineers, manufactures, and executes merchandising and display systems.

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Institutional Ownership by Quarter for Matthews International (NASDAQ:MATW)

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