Burren Capital Advisors Ltd Buys New Position in Matterport, Inc. (NASDAQ:MTTR)

Burren Capital Advisors Ltd bought a new stake in shares of Matterport, Inc. (NASDAQ:MTTR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 75,000 shares of the company’s stock, valued at approximately $356,000. Matterport comprises 1.7% of Burren Capital Advisors Ltd’s investment portfolio, making the stock its 13th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Sand Grove Capital Management LLP boosted its holdings in shares of Matterport by 112.1% in the 3rd quarter. Sand Grove Capital Management LLP now owns 2,071,883 shares of the company’s stock worth $9,323,000 after purchasing an additional 1,094,879 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Matterport by 116.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,967,215 shares of the company’s stock worth $8,852,000 after buying an additional 1,057,537 shares during the last quarter. Alpine Associates Management Inc. boosted its stake in Matterport by 57.2% in the third quarter. Alpine Associates Management Inc. now owns 2,045,682 shares of the company’s stock worth $9,206,000 after buying an additional 744,582 shares in the last quarter. Western Standard LLC bought a new position in Matterport during the third quarter valued at approximately $3,322,000. Finally, Geode Capital Management LLC raised its stake in shares of Matterport by 7.8% during the third quarter. Geode Capital Management LLC now owns 6,534,162 shares of the company’s stock worth $29,410,000 after acquiring an additional 471,641 shares in the last quarter. Hedge funds and other institutional investors own 36.96% of the company’s stock.

Matterport Stock Performance

Shares of MTTR opened at $5.38 on Friday. Matterport, Inc. has a fifty-two week low of $1.73 and a fifty-two week high of $5.46. The firm has a 50 day moving average price of $5.16 and a 200-day moving average price of $4.82. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of -6.48 and a beta of 1.06.

Matterport (NASDAQ:MTTR) last announced its quarterly earnings data on Wednesday, February 26th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11). Matterport had a negative net margin of 157.21% and a negative return on equity of 32.19%. The company had revenue of $43.82 million for the quarter, compared to the consensus estimate of $42.87 million. As a group, equities research analysts predict that Matterport, Inc. will post -0.44 earnings per share for the current year.

Matterport Company Profile

Matterport, Inc, a spatial data company, focuses on digitization and datafication in the United States and internationally. The company offers Matterport Capture Services, a fully managed solution for enterprise subscribers; Matterport Pro3, a 3D camera that scans properties; Matterport Pro2, a 3D camera that captures spaces; LEICA BLK360, a device to create digital twins; Smartphone Capture, a smartphone capture solution for both iOS and Android; and 360 Cameras.