Globeflex Capital L P Lowers stake in Matson (MATX)

Matson (MATX) : Globeflex Capital L P reduced its stake in Matson by 0.12% during the most recent quarter end. The investment management company now holds a total of 88,489 shares of Matson which is valued at $2,898,900 after selling 103 shares in Matson , the firm said in a disclosure report filed with the SEC on May 3, 2016.Matson makes up approximately 0.79% of Globeflex Capital L P’s portfolio.

Other Hedge Funds, Including , Municipal Employees’ Retirement System Of Michigan boosted its stake in MATX in the latest quarter, The investment management firm added 3,570 additional shares and now holds a total of 12,380 shares of Matson which is valued at $405,569. Matson makes up approx 0.03% of Municipal Employees’ Retirement System Of Michigan’s portfolio.Russell Frank Co reduced its stake in MATX by selling 25,830 shares or 43.2% in the most recent quarter. The Hedge Fund company now holds 33,961 shares of MATX which is valued at $1,320,404.Quantbot Technologies Lp boosted its stake in MATX in the latest quarter, The investment management firm added 5,914 additional shares and now holds a total of 6,241 shares of Matson which is valued at $242,650. Matson makes up approx 0.04% of Quantbot Technologies Lp’s portfolio. New Century Investment Management Inc sold out all of its stake in MATX during the most recent quarter. The investment firm sold 55,600 shares of MATX which is valued $2,161,728.

Matson closed down -0.33 points or -1.00% at $32.63 with 2,62,055 shares getting traded on Tuesday. Post opening the session at $33.29, the shares hit an intraday low of $32.4 and an intraday high of $33.61 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Matson reported $0.41 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.42. The company had revenue of $454.20 million for the quarter, compared to analysts expectations of $488.84 million. The company’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS.

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