World Asset Management Has Upped China Unicom Hong Kong LTD (CHU) Stake By $418,223; Tensile Capital Management Has Cut Matson (MATX) Holding By $2.90 Million

April 17, 2018 - By Richard Conner

Matson, Inc. (NYSE:MATX) Logo

Tensile Capital Management Llc decreased Matson Inc (MATX) stake by 39.25% reported in 2017Q4 SEC filing. Tensile Capital Management Llc sold 100,000 shares as Matson Inc (MATX)’s stock declined 7.35%. The Tensile Capital Management Llc holds 154,746 shares with $4.62 million value, down from 254,746 last quarter. Matson Inc now has $1.26B valuation. The stock increased 3.10% or $0.89 during the last trading session, reaching $29.58. About 150,221 shares traded. Matson, Inc. (NYSE:MATX) has declined 8.05% since April 17, 2017 and is downtrending. It has underperformed by 19.60% the S&P500.

World Asset Management Inc increased China Unicom Hong Kong Ltd (CHU) stake by 22.87% reported in 2017Q4 SEC filing. World Asset Management Inc acquired 32,171 shares as China Unicom Hong Kong Ltd (CHU)’s stock declined 7.40%. The World Asset Management Inc holds 172,845 shares with $2.34 million value, up from 140,674 last quarter. China Unicom Hong Kong Ltd now has $40.57B valuation. The stock increased 0.61% or $0.08 during the last trading session, reaching $13.16. About 436,640 shares traded or 10.89% up from the average. China Unicom (NYSE:CHU) has declined 7.33% since April 17, 2017 and is downtrending. It has underperformed by 18.88% the S&P500.

Among 11 analysts covering China Unicom (NYSE:CHU), 7 have Buy rating, 2 Sell and 2 Hold. Therefore 64% are positive. China Unicom had 20 analyst reports since July 31, 2015 according to SRatingsIntel. Jefferies maintained China Unicom (NYSE:Hong Kong Limited) on Friday, October 23 with “Buy” rating. The rating was upgraded by CLSA on Wednesday, March 9 to “Buy”. The firm has “Hold” rating by Jefferies given on Monday, July 18. The company was upgraded on Friday, July 31 by HSBC. On Thursday, September 22 the stock rating was upgraded by Goldman Sachs to “Buy”. As per Monday, August 21, the company rating was downgraded by JP Morgan. The stock of China Unicom (NYSE:Hong Kong Limited) earned “Hold” rating by Deutsche Bank on Monday, October 24. The firm has “Buy” rating by Morgan Stanley given on Tuesday, March 27. HSBC upgraded the stock to “Buy” rating in Thursday, February 4 report. The firm has “Hold” rating given on Wednesday, August 30 by Bank of America.

World Asset Management Inc decreased Csx Corp Com (NYSE:CSX) stake by 8,280 shares to 81,986 valued at $4.51 million in 2017Q4. It also reduced Aflac Inc Com (NYSE:AFL) stake by 4,275 shares and now owns 35,683 shares. Eli Lilly & Co Com (NYSE:LLY) was reduced too.

Investors sentiment increased to 1.06 in 2017 Q4. Its up 0.03, from 1.03 in 2017Q3. It improved, as 20 investors sold MATX shares while 47 reduced holdings. 25 funds opened positions while 46 raised stakes. 35.66 million shares or 0.01% less from 35.66 million shares in 2017Q3 were reported. Parallax Volatility Advisers Limited Partnership stated it has 0% of its portfolio in Matson, Inc. (NYSE:MATX). 2,848 are held by Glenmede Trust Na. Td Asset Mgmt Inc invested in 42,600 shares or 0% of the stock. Janney Montgomery Scott Ltd Co invested 0.01% of its portfolio in Matson, Inc. (NYSE:MATX). Pacad invested 0% of its portfolio in Matson, Inc. (NYSE:MATX). D E Shaw And holds 0% or 68,316 shares. Bnp Paribas Arbitrage has 0% invested in Matson, Inc. (NYSE:MATX). Ameriprise Fincl Inc reported 216,132 shares. Los Angeles Capital & Equity Rech Incorporated owns 15,625 shares for 0% of their portfolio. Parkside State Bank & Tru owns 11 shares for 0% of their portfolio. Tiaa Cref Inv Mngmt Llc owns 0.01% invested in Matson, Inc. (NYSE:MATX) for 280,066 shares. Koch Industries Inc holds 0.04% or 8,592 shares in its portfolio. Parametric Port Assocs Ltd Liability Corporation stated it has 0% in Matson, Inc. (NYSE:MATX). 2,213 are owned by Envestnet Asset Incorporated. Fifth Third Comml Bank stated it has 1,031 shares.

Analysts await Matson, Inc. (NYSE:MATX) to report earnings on May, 2. They expect $0.24 EPS, up 50.00% or $0.08 from last year’s $0.16 per share. MATX’s profit will be $10.24 million for 30.81 P/E if the $0.24 EPS becomes a reality. After $0.28 actual EPS reported by Matson, Inc. for the previous quarter, Wall Street now forecasts -14.29% negative EPS growth.

Since March 12, 2018, it had 0 insider purchases, and 2 insider sales for $1.10 million activity. Shares for $802,212 were sold by COX MATTHEW J. Forest Ronald J sold $295,590 worth of Matson, Inc. (NYSE:MATX) on Thursday, March 15.

Among 6 analysts covering Matson (NYSE:MATX), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Matson had 16 analyst reports since August 5, 2015 according to SRatingsIntel. Stifel Nicolaus downgraded Matson, Inc. (NYSE:MATX) on Tuesday, November 8 to “Hold” rating. The stock of Matson, Inc. (NYSE:MATX) has “Hold” rating given on Monday, January 29 by Wells Fargo. As per Monday, April 9, the company rating was maintained by Stephens. The rating was upgraded by Stifel Nicolaus on Friday, August 18 to “Buy”. FBR Capital maintained the shares of MATX in report on Monday, November 9 with “Mkt Perform” rating. Stifel Nicolaus maintained it with “Buy” rating and $38.0 target in Sunday, January 28 report. The rating was downgraded by Stephens to “Hold” on Friday, August 18. The rating was maintained by Stifel Nicolaus on Friday, November 3 with “Buy”. The stock of Matson, Inc. (NYSE:MATX) earned “Hold” rating by Stephens on Monday, January 8. The firm has “Underperform” rating by Wells Fargo given on Friday, August 18.

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

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By1 Richard Conner

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