FCG Advisors LLC Buys New Stake in Materialise NV (NASDAQ:MTLS)

FCG Advisors LLC purchased a new position in Materialise NV (NASDAQ:MTLS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 20,000 shares of the software maker’s stock, valued at approximately $237,000.

Other institutional investors also recently bought and sold shares of the company. Royce & Associates LP boosted its stake in Materialise NV by 122.8% during the 1st quarter. Royce & Associates LP now owns 439,000 shares of the software maker’s stock valued at $3,995,000 after purchasing an additional 242,000 shares during the last quarter. Columbus Circle Investors bought a new position in shares of Materialise NV during the 2nd quarter valued at $2,014,000. UBS Group AG lifted its holdings in shares of Materialise NV by 11,860.8% during the 1st quarter. UBS Group AG now owns 78,702 shares of the software maker’s stock valued at $716,000 after buying an additional 78,044 shares during the period. Blair William & Co. IL bought a new position in shares of Materialise NV during the 1st quarter valued at $599,000. Finally, K.J. Harrison & Partners Inc lifted its holdings in shares of Materialise NV by 57.0% during the 2nd 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. Institutional investors own 10.86% of the company’s stock.

A number of equities analysts recently commented on MTLS shares. Credit Suisse Group raised their target price on Materialise NV from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Friday, August 11th. Zacks Investment Research cut Materialise NV from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. Piper Jaffray Companies raised their target price on Materialise NV to $18.50 and gave the stock 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. Finally, TheStreet upgraded Materialise NV from a “d+” rating to a “c” rating in a research note on Monday, June 26th. Five analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus price target of $14.38.

Shares of Materialise NV (NASDAQ MTLS) opened at 14.48 on Friday. Materialise NV has a 52 week low of $6.28 and a 52 week high of $15.74.

Materialise NV (NASDAQ:MTLS) last announced its quarterly earnings data on Tuesday, August 8th. The software maker reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.01). Materialise NV had a negative net margin of 0.99% and a negative return on equity of 1.59%. The company had revenue of $33.61 million during the quarter, compared to analyst estimates of $31.90 million. During the same quarter last year, the business earned ($0.01) EPS. The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. Equities analysts predict that Materialise NV will post ($0.02) EPS for the current fiscal year.

WARNING: “FCG Advisors LLC Buys New Stake in Materialise NV (NASDAQ:MTLS)” was first published by BBNS and is the property of of BBNS. If you are accessing this report on another website, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The correct version of this report can be accessed at https://baseballnewssource.com/markets/fcg-advisors-llc-purchases-new-holdings-in-materialise-nv-mtls/1602612.html.

Materialise NV 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.

Institutional Ownership by Quarter for Materialise NV (NASDAQ:MTLS)

Receive News & Ratings for Materialise NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Materialise NV and related companies with our FREE daily email newsletter.

 


Latest News

American League Once Again Dominates National League
American League Once Again Dominates National League
Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22


Leave a Reply

 
© 2006-2017 BBNS.