Renaissance Technologies LLC Cuts Stake in Materialise NV (NASDAQ:MTLS)

Renaissance Technologies LLC decreased its stake in Materialise NV (NASDAQ:MTLS - Free Report) by 17.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 470,300 shares of the software maker's stock after selling 96,074 shares during the period. Renaissance Technologies LLC owned approximately 0.80% of Materialise worth $3,311,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Barclays PLC grew its position in 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 acquiring an additional 2,473 shares in the last quarter. GAMMA Investing LLC boosted 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 Materialise during the 4th quarter valued at $79,000. Commonwealth Equity Services LLC purchased a new stake in Materialise during the 4th quarter worth $85,000. Finally, Trexquant Investment LP acquired a new position in Materialise in the 4th quarter worth $103,000. Institutional investors and hedge funds own 19.30% of the company's stock.

Materialise Stock Performance

Materialise stock opened at $4.63 on Thursday. Materialise NV has a 52 week low of $3.93 and a 52 week high of $9.69. The company has a current ratio of 1.81, a quick ratio of 1.65 and a debt-to-equity ratio of 0.10. The stock has a market cap of $273.49 million, a P/E ratio of 18.52 and a beta of 1.58. The stock has a 50 day moving average of $5.18 and a 200-day moving average of $6.52.

Materialise (NASDAQ:MTLS - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The software maker reported $0.05 EPS for the quarter, meeting analysts' consensus estimates of $0.05. The firm had revenue of $68.24 million for the quarter, compared to the consensus estimate of $71.66 million. Materialise had a net margin of 5.04% and a return on equity of 5.47%. On average, analysts expect that Materialise NV will post 0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Materialise from a "buy" rating to a "hold" rating in a research note on Friday, February 28th.

Materialise 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.

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