Materialise NV $MTLS Shares Sold by Renaissance Group LLC

Renaissance Group LLC lowered its holdings in Materialise NV (NASDAQ:MTLS) by 45.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 128,410 shares of the software maker’s stock after selling 108,469 shares during the quarter. Renaissance Group LLC owned 0.22% of Materialise worth $715,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Candriam S.C.A. acquired a new stake in shares of Materialise in the second quarter valued at about $57,000. Osaic Holdings Inc. lifted its position in shares of Materialise by 1,453.3% during the 2nd quarter. Osaic Holdings Inc. now owns 11,650 shares of the software maker’s stock valued at $66,000 after acquiring an additional 10,900 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Materialise by 19,063.2% during the 2nd quarter. NewEdge Advisors LLC now owns 13,031 shares of the software maker’s stock worth $74,000 after acquiring an additional 12,963 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Materialise in the 1st quarter worth approximately $75,000. Finally, Walleye Capital LLC purchased a new position in Materialise in the 2nd quarter valued at approximately $150,000. 19.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on MTLS. Weiss Ratings reissued a “hold (c)” rating on shares of Materialise in a report on Monday, December 29th. Wall Street Zen upgraded shares of Materialise from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Finally, Zacks Research lowered shares of Materialise from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, Materialise currently has a consensus rating of “Hold”.

Materialise Stock Up 6.8%

Shares of NASDAQ MTLS opened at $5.51 on Friday. The company has a 50-day simple moving average of $5.66 and a 200-day simple moving average of $5.61. The company has a current ratio of 2.37, a quick ratio of 2.20 and a debt-to-equity ratio of 0.20. Materialise NV has a 12 month low of $3.93 and a 12 month high of $9.69.

Materialise Company Profile

Materialise NV is a Belgium-based company specializing in 3D printing software and additive manufacturing services. Through its dual focus on software and printing, the company addresses a wide range of industries, including automotive, aerospace, consumer goods, and healthcare. Materialise’s offerings span from design and simulation tools to end-to-end production, delivering both standardized and highly customized parts across polymer and metal platforms.

On the software side, Materialise develops a suite of proprietary applications—such as Magics for data preparation, Mimics for medical image processing and patient-specific modeling, and Streamics for production workflow management.