Y Intercept Hong Kong Ltd Has $1.64 Million Stock Holdings in Matson, Inc. (NYSE:MATX)

Y Intercept Hong Kong Ltd lifted its position in Matson, Inc. (NYSE:MATX) by 127.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,182 shares of the shipping company’s stock after acquiring an additional 6,827 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Matson were worth $1,643,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Natixis Advisors LLC raised its position in shares of Matson by 0.5% in the 3rd quarter. Natixis Advisors LLC now owns 16,217 shares of the shipping company’s stock valued at $2,313,000 after acquiring an additional 78 shares during the period. Nisa Investment Advisors LLC raised its holdings in Matson by 0.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 16,645 shares of the shipping company’s stock worth $2,244,000 after buying an additional 80 shares during the period. Inspire Investing LLC raised its holdings in Matson by 2.9% during the 4th quarter. Inspire Investing LLC now owns 2,972 shares of the shipping company’s stock worth $401,000 after buying an additional 85 shares during the period. Caprock Group LLC raised its holdings in Matson by 4.2% during the 3rd quarter. Caprock Group LLC now owns 2,283 shares of the shipping company’s stock worth $326,000 after buying an additional 91 shares during the period. Finally, First Trust Direct Indexing L.P. raised its holdings in Matson by 6.9% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 1,663 shares of the shipping company’s stock worth $237,000 after buying an additional 107 shares during the period. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Matson Price Performance

Shares of MATX opened at $141.27 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.14. Matson, Inc. has a twelve month low of $100.50 and a twelve month high of $169.12. The stock has a market capitalization of $4.69 billion, a P/E ratio of 11.75 and a beta of 1.05. The company has a 50 day moving average of $139.46 and a 200-day moving average of $141.01.

Matson (NYSE:MATX) last posted its quarterly earnings data on Tuesday, February 25th. The shipping company reported $3.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.20 by $0.60. Matson had a net margin of 12.37% and a return on equity of 16.89%. As a group, equities research analysts forecast that Matson, Inc. will post 13.27 EPS for the current fiscal year.

Matson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 6th will be issued a $0.34 dividend. The ex-dividend date is Thursday, February 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.96%. Matson’s dividend payout ratio (DPR) is presently 11.31%.

Analyst Upgrades and Downgrades

Several brokerages have commented on MATX. Wolfe Research downgraded shares of Matson from an “outperform” rating to a “peer perform” rating in a report on Monday, November 18th. Stephens restated an “overweight” rating and set a $165.00 target price on shares of Matson in a report on Thursday, January 2nd.

Matson Profile

Matson, Inc, together with its subsidiaries, engages in the provision of ocean transportation and logistics services. It operates through two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Japan, Alaska, and Guam, as well as to other island economies in Micronesia.