Reliance Trust Co Of Delaware buys $9,297,041 stake in Matson (MATX)

Matson (MATX) : Reliance Trust Co Of Delaware scooped up 15 additional shares in Matson during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 232,020 shares of Matson which is valued at $9,297,041.Matson makes up approximately 0.85% of Reliance Trust Co Of Delaware’s portfolio.

Other Hedge Funds, Including , Vigilant Capital Management sold out all of its stake in MATX during the most recent quarter. The investment firm sold 69 shares of MATX which is valued $2,765.Capstone Asset Management Co reduced its stake in MATX by selling 40 shares or 0.27% in the most recent quarter. The Hedge Fund company now holds 14,733 shares of MATX which is valued at $596,834. Matson makes up approx 0.02% of Capstone Asset Management Co’s portfolio.Legal General Group Plc boosted its stake in MATX in the latest quarter, The investment management firm added 29,653 additional shares and now holds a total of 36,239 shares of Matson which is valued at $1,468,042.Simplex Trading reduced its stake in MATX by selling 4 shares or 6.06% in the most recent quarter. The Hedge Fund company now holds 62 shares of MATX which is valued at $2,468.

Matson closed down -0.54 points or -1.33% at $40.07 with 1,35,461 shares getting traded on Friday. Post opening the session at $40.96, the shares hit an intraday low of $40.06 and an intraday high of $41.03 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Matson reported $0.42 EPS for the quarter, based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus estimate of $0.42. The company had revenue of $467.70 million for the quarter, compared to analysts expectations of $494.83 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.

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