November 29, 2016 - By Vivian Park
Matson Inc director and an insider Michael Chun in the last few days sold 1,000 company shares having a total value $38,658 at an average cost of $38.7. And, It’s sure Michael’s stocks unloading isn’t going to remain ignored as he right now is holding 53,743 shares – ( 0.13% of Matson Inc’s Market Cap ).
Out of 2 analysts covering Matson (NYSE:MATX), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. $52 is the highest target while $38 is the lowest. The $45 average target is 17.96% above today’s ($38.15) stock price. Matson has been the topic of 3 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Stifel Nicolaus downgraded Matson, Inc. (NYSE:MATX) on Tuesday, November 8 to “Hold” rating. As per Monday, November 9, the company rating was maintained by FBR Capital. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, August 5.
Insitutional Activity: The institutional sentiment increased to 1.05 in Q2 2016. Its up 0.50, from 0.55 in 2016Q1. The ratio is positive, as 37 funds sold all Matson, Inc. shares owned while 76 reduced positions. 18 funds bought stakes while 44 increased positions. They now own 34.63 million shares or 0.95% less from 34.96 million shares in 2016Q1.
Renaissance Tech Limited Liability Co accumulated 294,300 shares or 0.02% of the stock. The New York-based American Grp Incorporated has invested 0% in Matson, Inc. (NYSE:MATX). Morgan Stanley last reported 0% of its portfolio in the stock. Bnp Paribas Arbitrage Sa has invested 0% of its portfolio in Matson, Inc. (NYSE:MATX). D E Shaw & Co Incorporated, a New York-based fund reported 64,035 shares. The Montana-based Da Davidson has invested 0% in Matson, Inc. (NYSE:MATX). Stevens Management Ltd Partnership has 8,158 shares for 0.01% of their US portfolio. Baker Ellis Asset Mngmt Ltd Liability has 0.24% invested in the company for 24,036 shares. Moreover, Reliance Trust Of Delaware has 0.56% invested in Matson, Inc. (NYSE:MATX) for 232,020 shares. Hotchkis And Wiley Capital Management Lc, a California-based fund reported 2.47 million shares. Guggenheim Cap Limited Liability Corporation holds 0.01% of its portfolio in Matson, Inc. (NYSE:MATX) for 85,015 shares. The Colorado-based Alps Advsr has invested 0% in Matson, Inc. (NYSE:MATX). Clearbridge Limited Liability accumulated 232,683 shares or 0.15% of the stock. The New Jersey-based Blackrock Mgmt Limited Liability Com has invested 0.01% in Matson, Inc. (NYSE:MATX). Teacher Retirement System Of Texas accumulated 0% or 1,332 shares.
Insider Transactions: Since August 9, 2016, the stock had 0 insider purchases, and 4 selling transactions for $983,675 net activity. 12,162 shares with value of $488,896 were sold by Angoco Vic S Jr on Thursday, September 1. 1,000 shares were sold by BAIRD W BLAKE, worth $35,956 on Tuesday, August 9.
About 126,233 shares traded hands. Matson, Inc. (NYSE:MATX) has declined 1.02% since April 26, 2016 and is downtrending. It has underperformed by 6.28% the S&P500.
According to Zacks Investment Research, “Matson, Inc. operates as an ocean transportation and logistics company. It offers shipping services in Hawaii, Guam, and Micronesia islands and expedited service from China to southern California. The company’s logistics services consist of rail intermodal service, long haul and regional highway truckload services, less-than-truckload transportation, specialized hauling, flatbed, and project works, warehousing and distribution services, transloading, cross-dock services, and packaging services, and network analysis and freight management services. Matson, Inc., formerly known as Alexander & Baldwin Holdings, Inc., is headquartered in Honolulu, Hawaii.”
Analysts await Matson, Inc. (NYSE:MATX) to report earnings on February, 28. They expect $0.47 earnings per share, down 30.88% or $0.21 from last year’s $0.68 per share. MATX’s profit will be $20.57 million for 20.29 P/E if the $0.47 EPS becomes a reality. After $0.58 actual earnings per share reported by Matson, Inc. for the previous quarter, Wall Street now forecasts -18.97% negative EPS growth.
More important recent Matson, Inc. (NYSE:MATX) news were published by: Prnewswire.com which released: “Matson, Inc. Announces Third Quarter EPS Of $0.58 And Provides Outlook For The ..” on November 07, 2016, also Prnewswire.com published article titled: “Stanley Kuriyama Appointed To Matson, Inc. Board Of Directors”, Prnewswire.com published: “Matson Announces Closing Of $200 Million Debt Private Placement” on September 14, 2016. More interesting news about Matson, Inc. (NYSE:MATX) was released by: Bizjournals.com and their article: “Matson Inc. loses empty containers at sea off San Francisco” with publication date: December 14, 2015.
Matson, Inc. (Matson), incorporated on January 25, 2012, is a holding company. The Firm provides ocean transportation and logistics services. The Firm operates through two divisions: Ocean Transportation and Logistics. The Company’s Ocean Transportation business is conducted through its subsidiary, Matson Navigation Company, Inc. (MatNav). MatNav is an asset business that provides ocean freight transportation services to the domestic economies of Hawaii, Alaska and Guam, and to other island economies in Micronesia and in the South Pacific. Matson’s fleet consists of approximately 20 owned and over three chartered vessels, including containerships, combination container/roll-on/roll-off ships, roll-on/roll-off barge and barges equipped with cranes. Matson’s Logistics business is conducted through Matson Logistics, Inc. (Matson Logistics or Logistics), a subsidiary of MatNav. Matson Logistics is an asset-light business that provides multimodal transportation services, including domestic and international rail intermodal service (Intermodal); long-haul and regional highway brokerage, specialized hauling, flat-bed and project services, less-than-truckload services, expedited freight services (collectively Highway); supply chain management, and warehousing and distribution services.
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By Vivian Park