Pro-Alexander & Baldwin Holdings Inc Institutional Investors Sentiment Runs High in 2017 Q4

May 16, 2018 - By Robert Sims

Matson, Inc. (NYSE:MATX) Logo

Sentiment for Alexander & Baldwin Holdings Inc (NYSE:MATX)

Alexander & Baldwin Holdings Inc (NYSE:MATX) institutional sentiment increased to 1.06 in Q4 2017. Its up 0.03, from 1.03 in 2017Q3. The ratio improved, as 71 institutional investors started new and increased positions, while 67 trimmed and sold holdings in Alexander & Baldwin Holdings Inc. The institutional investors in our partner’s database reported: 35.66 million shares, down from 35.66 million shares in 2017Q3. Also, the number of institutional investors holding Alexander & Baldwin Holdings Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 20 Reduced: 47 Increased: 46 New Position: 25.

Matson, Inc., through its subsidiaries, operates as an ocean cargo carrier. The company has market cap of $1.44 billion. The firm operates in two divisions, Ocean Transportation and Logistics. It has a 6.3 P/E ratio. The Ocean Transportation segment offers ocean transportation services to the domestic economies of Hawaii, Alaska, and Guam, as well as to other island economies in Micronesia and in the South Pacific.

The stock increased 1.65% or $0.55 during the last trading session, reaching $33.82. About 52,007 shares traded. Matson, Inc. (NYSE:MATX) has declined 8.05% since May 16, 2017 and is downtrending. It has underperformed by 19.60% the S&P500.

Analysts await Matson, Inc. (NYSE:MATX) to report earnings on July, 30. They expect $0.66 earnings per share, up 20.00 % or $0.11 from last year’s $0.55 per share. MATX’s profit will be $28.16M for 12.81 P/E if the $0.66 EPS becomes a reality. After $0.33 actual earnings per share reported by Matson, Inc. for the previous quarter, Wall Street now forecasts 100.00 % EPS growth.

Reliance Trust Co Of Delaware holds 1.04% of its portfolio in Matson, Inc. for 230,309 shares. Fuller & Thaler Asset Management Inc. owns 2.82 million shares or 1.01% of their US portfolio. Moreover, Investment Counselors Of Maryland Llc has 0.94% invested in the company for 637,771 shares. The California-based Tensile Capital Management Llc has invested 0.78% in the stock. Hermes Investment Management Ltd, a United Kingdom-based fund reported 774,057 shares.

Since January 1, 0001, it had 0 buys, and 4 selling transactions for $1.53 million activity.

Matson, Inc. (NYSE:MATX) Ratings Coverage

Ratings analysis reveals 50% of Matson’s analysts are positive. Out of 4 Wall Street analysts rating Matson, 2 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $3300 while the high is $38.0. The stock’s average target of $35.50 is 4.97% above today’s ($33.82) share price. MATX was included in 5 notes of analysts from January 8, 2018. The rating was upgraded by Wells Fargo on Monday, January 29 to “Hold”. Stephens maintained the stock with “Hold” rating in Monday, April 9 report. Stephens maintained the stock with “Hold” rating in Monday, January 8 report. The company was upgraded on Monday, January 29 by Seaport Global. The rating was maintained by Stifel Nicolaus on Sunday, January 28 with “Buy”.

More news for Matson, Inc. (NYSE:MATX) were recently published by: Seekingalpha.com, which released: “Matson, Inc. 2018 Q1 – Results – Earnings Call Slides” on May 02, 2018. Seekingalpha.com‘s article titled: “Matson’s (MATX) CEO Matt Cox on Q1 2018 Results – Earnings Call Transcript” and published on May 02, 2018 is yet another important article.

Matson, Inc. (NYSE:MATX) Institutional Positions Chart

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