ARK Investment Management LLC Sells 367,349 Shares of Materialise NV (NASDAQ:MTLS)

ARK Investment Management LLC lessened its stake in shares of Materialise NV (NASDAQ:MTLS) by 34.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 699,102 shares of the software maker’s stock after selling 367,349 shares during the quarter. ARK Investment Management LLC’s holdings in Materialise were worth $4,922,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Inspire Investing LLC purchased a new stake in shares of Materialise during the 4th quarter valued at about $756,000. Rock Point Advisors LLC raised its stake in Materialise by 15.9% in the third quarter. Rock Point Advisors LLC now owns 777,465 shares of the software maker’s stock valued at $4,261,000 after buying an additional 106,564 shares during the last quarter. KBC Group NV increased its holdings in shares of Materialise by 18.8% during the fourth quarter. KBC Group NV now owns 408,584 shares of the software maker’s stock valued at $2,876,000 after acquiring an additional 64,744 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Materialise by 1,589.4% during the third quarter. JPMorgan Chase & Co. now owns 41,238 shares of the software maker’s stock worth $226,000 after buying an additional 38,797 shares during the period. Finally, Retireful LLC acquired a new position in shares of Materialise in the fourth quarter valued at about $161,000. Hedge funds and other institutional investors own 19.30% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Materialise from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 20th.

Materialise Stock Performance

NASDAQ MTLS opened at $5.38 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.81 and a quick ratio of 1.65. The company has a market cap of $317.78 million, a P/E ratio of 21.52 and a beta of 1.22. The stock has a 50-day moving average of $7.88 and a two-hundred day moving average of $6.67. Materialise NV has a 1-year low of $4.70 and a 1-year high of $9.69.

Materialise (NASDAQ:MTLS) last issued its quarterly earnings data on Thursday, February 20th. The software maker reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. The company had revenue of $68.24 million for the quarter, compared to analyst estimates of $71.66 million. Materialise had a return on equity of 5.47% and a net margin of 5.04%. As a group, analysts anticipate that Materialise NV will post 0.3 EPS for the current year.

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.