ARK Investment Management LLC Lowers Position in Materialise NV (NASDAQ:MTLS)

ARK Investment Management LLC decreased its stake in Materialise NV (NASDAQ:MTLS - Free Report) by 34.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 699,102 shares of the software maker's stock after selling 367,349 shares during the period. ARK Investment Management LLC owned approximately 1.18% of Materialise worth $4,922,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Barclays PLC lifted its stake in shares of Materialise by 45.3% in the third quarter. Barclays PLC now owns 7,933 shares of the software maker's stock valued at $43,000 after purchasing an additional 2,473 shares during the period. GAMMA Investing LLC lifted its stake in shares of Materialise by 73.3% in the fourth quarter. GAMMA Investing LLC now owns 9,165 shares of the software maker's stock valued at $65,000 after purchasing an additional 3,875 shares during the period. Truist Financial Corp acquired a new stake in shares of Materialise in the fourth quarter valued at about $79,000. Quintet Private Bank Europe S.A. lifted its stake in shares of Materialise by 51.4% in the third quarter. Quintet Private Bank Europe S.A. now owns 21,965 shares of the software maker's stock valued at $120,000 after purchasing an additional 7,459 shares during the period. Finally, Ballentine Partners LLC acquired a new stake in shares of Materialise in the third quarter valued at about $124,000. Institutional investors and hedge funds own 19.30% of the company's stock.

Materialise Price Performance

MTLS traded up $0.05 during midday trading on Friday, reaching $5.26. 300,689 shares of the company's stock were exchanged, compared to its average volume of 349,354. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.81 and a quick ratio of 1.65. The stock has a market capitalization of $310.69 million, a PE ratio of 21.04 and a beta of 1.22. The business's 50-day moving average price is $7.75 and its 200 day moving average price is $6.65. Materialise NV has a 1-year low of $4.70 and a 1-year high of $9.69.

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Materialise (NASDAQ:MTLS - Get Free Report) last announced its earnings results on Thursday, February 20th. The software maker reported $0.05 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.05. The company had revenue of $68.24 million during the quarter, compared to analysts' expectations of $71.66 million. Materialise had a net margin of 5.04% and a return on equity of 5.47%. As a group, equities analysts anticipate that Materialise NV will post 0.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Materialise from a "buy" rating to a "hold" rating in a research note on Friday.

Materialise Company 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.