Trent Capital Management Inc. NC Acquires Shares of 44,520 Materialise NV (MTLS)
Trent Capital Management Inc. NC acquired a new stake in shares of Materialise NV (NASDAQ:MTLS) during the second quarter, Holdings Channel reports. The institutional investor acquired 44,520 shares of the software maker’s stock, valued at approximately $528,000. Materialise NV accounts for 0.8% of Trent Capital Management Inc. NC’s investment portfolio, making the stock its 15th largest position.
Several other large investors have also recently added to or reduced their stakes in MTLS. Gilder Gagnon Howe & Co. LLC purchased a new stake in Materialise NV during the second quarter valued at $223,000. First Manhattan Co. purchased a new stake in Materialise NV during the second quarter valued at $111,000. K.J. Harrison & Partners Inc increased its stake in Materialise NV by 57.0% in the second quarter. K.J. Harrison & Partners Inc now owns 181,782 shares of the software maker’s stock valued at $2,158,000 after buying an additional 66,000 shares during the period. Driehaus Capital Management LLC purchased a new stake in Materialise NV during the first quarter valued at $527,000. Finally, Renaissance Technologies LLC increased its stake in Materialise NV by 32.1% in the first quarter. Renaissance Technologies LLC now owns 95,500 shares of the software maker’s stock valued at $869,000 after buying an additional 23,200 shares during the period. 8.07% of the stock is currently owned by institutional investors.
Materialise NV (MTLS) opened at 13.45 on Thursday. The company’s market capitalization is $636.52 million. The company’s 50-day moving average price is $13.40 and its 200 day moving average price is $11.01. Materialise NV has a 12 month low of $6.07 and a 12 month high of $15.74.
Materialise NV (NASDAQ:MTLS) last announced its earnings results on Tuesday, August 8th. The software maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.01. Materialise NV had a negative return on equity of 1.59% and a negative net margin of 0.99%. The company had revenue of $33.61 million during the quarter, compared to analysts’ expectations of $31.90 million. During the same quarter last year, the firm posted ($0.01) earnings per share. The firm’s revenue was up 21.8% on a year-over-year basis.
Several research firms recently weighed in on MTLS. Piper Jaffray Companies raised their price objective on Materialise NV to $18.50 and gave the company an “overweight” rating in a report on Monday, July 31st. BidaskClub raised Materialise NV from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. TheStreet raised Materialise NV from a “d+” rating to a “c” rating in a report on Monday, June 26th. Finally, Zacks Investment Research raised Materialise NV from a “sell” rating to a “hold” rating in a report on Thursday, April 27th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $12.63.
Materialise NV Company Profile
Materialise NV is a Belgium-based company engaged in the software industry. The Company is a provider of additive manufacturing software and of three dimensional (3D) printing services. Materialise NV incorporates of 3D printing experience into a range of software solution and 3D printing services, through which the Company seeks to form the backbone of the 3D printing industry.
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