Materion Corp (MTRN) : Strs Ohio reduced its stake in Materion Corp by 3.33% during the most recent quarter end. The investment management company now holds a total of 26,100 shares of Materion Corp which is valued at $758,205 after selling 900 shares in Materion Corp , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Materion Corp makes up approximately 0.05% of Strs Ohio’s portfolio.
Materion Corp opened for trading at $29.08 and hit $29.87 on the upside on Wednesday, eventually ending the session at $29.84, with a gain of 2.40% or 0.7 points. The heightened volatility saw the trading volume jump to 1,21,107 shares. Company has a market cap of $597 M.
Other Hedge Funds, Including , New York State Teachers Retirement System boosted its stake in MTRN in the latest quarter, The investment management firm added 2,300 additional shares and now holds a total of 77,842 shares of Materion Corp which is valued at $2,261,310. Materion Corp makes up approx 0.01% of New York State Teachers Retirement System’s portfolio.Gemmer Asset Management boosted its stake in MTRN in the latest quarter, The investment management firm added 4 additional shares and now holds a total of 78 shares of Materion Corp which is valued at $2,178.Acadian Asset Management boosted its stake in MTRN in the latest quarter, The investment management firm added 31,396 additional shares and now holds a total of 37,095 shares of Materion Corp which is valued at $1,035,692. Materion Corp makes up approx 0.01% of Acadian Asset Management’s portfolio.Capstone Asset Management Co reduced its stake in MTRN by selling 400 shares or 3.46% in the most recent quarter. The Hedge Fund company now holds 11,166 shares of MTRN which is valued at $311,755. Materion Corp makes up approx 0.01% of Capstone Asset Management Co’s portfolio. Creative Planning sold out all of its stake in MTRN during the most recent quarter. The investment firm sold 300 shares of MTRN which is valued $7,809.
On the company’s financial health, Materion Corp reported $0.36 EPS for the quarter, based on the information available during the earnings call on Feb 18, 2016. Analyst had a consensus estimate of $0.36. The company had revenue of $214.00 million for the quarter, compared to analysts expectations of $235.42 million. The company’s revenue was down -25.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.50 EPS.
Materion Corporation is a holding company. The Company is an integrated producer of engineered materials used in a variety of electrical electronic thermal and structural applications. The Company’s products are sold in markets including consumer electronics industrial components medical automotive electronics energy telecommunications infrastructure defense and commercial aerospace. The Company operates in three segments. The Company’s Performance Alloys and Composites segment include performance metals and technical materials. The Company’s technical materials produces strip metal products with clad inlay and overlay metals. The Company’s Advanced Materials produces chemicals microelectronics packaging precious metal non-precious metal and specialty metal products. The Company’s Other segment includes precision optics and large area coatings. The Company through its subsidiaries has operations in the United States Europe and Asia.