4,032 Shares in Matson, Inc. (NYSE:MATX) Acquired by Bryce Point Capital LLC

Bryce Point Capital LLC bought a new stake in shares of Matson, Inc. (NYSE:MATX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,032 shares of the shipping company's stock, valued at approximately $544,000.

Several other institutional investors have also bought and sold shares of the stock. Cerity Partners LLC grew its stake in shares of Matson by 26.1% in the 3rd quarter. Cerity Partners LLC now owns 3,304 shares of the shipping company's stock worth $471,000 after acquiring an additional 684 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Matson by 7.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,079 shares of the shipping company's stock valued at $1,437,000 after buying an additional 703 shares during the last quarter. Verition Fund Management LLC lifted its position in shares of Matson by 1.9% during the 3rd quarter. Verition Fund Management LLC now owns 7,528 shares of the shipping company's stock worth $1,074,000 after buying an additional 139 shares in the last quarter. Paloma Partners Management Co purchased a new position in shares of Matson in the 3rd quarter worth approximately $328,000. Finally, Quantinno Capital Management LP grew its holdings in shares of Matson by 16.5% in the third quarter. Quantinno Capital Management LP now owns 4,509 shares of the shipping company's stock valued at $643,000 after acquiring an additional 639 shares in the last quarter. Institutional investors own 84.76% of the company's stock.

Insider Buying and Selling

In other news, EVP John P. Lauer sold 7,985 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $134.73, for a total value of $1,075,819.05. Following the completion of the transaction, the executive vice president now directly owns 25,192 shares in the company, valued at approximately $3,394,118.16. This represents a 24.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Richard S. Kinney sold 1,997 shares of the stock in a transaction dated Thursday, March 6th. The shares were 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 $1,155,151.75. This trade represents a 19.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.05% of the stock is owned by company insiders.

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Matson Stock Performance

NYSE MATX traded up $4.77 during trading on Wednesday, hitting $107.65. 1,073,468 shares of the company's stock traded hands, compared to its average volume of 292,164. The business has a 50 day moving average of $132.18 and a 200-day moving average of $139.78. Matson, Inc. has a 12-month low of $98.98 and a 12-month high of $169.12. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of 8.96 and a beta of 1.12.

Matson (NYSE:MATX - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The shipping company reported $3.80 EPS for the quarter, beating analysts' consensus estimates of $3.20 by $0.60. Matson had a net margin of 12.37% and a return on equity of 16.89%. The firm had revenue of $890.30 million during the quarter, compared to analyst estimates of $851.78 million. As a group, equities research analysts anticipate that Matson, Inc. will post 13.27 earnings per share for the current fiscal year.

Matson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 6th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Thursday, February 6th. Matson's payout ratio is 9.69%.

Wall Street Analyst Weigh In

MATX has been the topic of several research analyst reports. Stephens boosted their price objective on Matson from $165.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Stifel Nicolaus increased their price target on shares of Matson from $150.00 to $160.00 and gave the company a "hold" rating in a research report on Wednesday, February 26th.

About Matson

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.