Vigilant Capital Management Exits Position in Matson (MATX)

Matson (MATX) : Vigilant Capital Management has sold out all of its stake in Matson during the most recent quarter, according to the disclosure filed by the company on Oct 14, 2016 with the SEC. The investment management company has sold out 69 shares of Matson which is valued at $2,765.

Other Hedge Funds, Including , Reliance Trust Co Of Delaware boosted its stake in MATX in the latest quarter, The investment management firm added 15 additional shares and now holds a total of 232,020 shares of Matson which is valued at $9,297,041. Matson makes up approx 0.85% of Reliance Trust Co Of Delaware’s portfolio.Creative Planning reduced its stake in MATX by selling 9 shares or 0.7% in the most recent quarter. The Hedge Fund company now holds 1,280 shares of MATX which is valued at $51,853. Cutler Group Lp sold out all of its stake in MATX during the most recent quarter. The investment firm sold 491 shares of MATX which is valued $19,910. West Oak Capital added MATX to its portfolio by purchasing 1,000 company shares during the most recent quarter which is valued at $81,120. Matson makes up approx 0.06% of West Oak Capital’s portfolio.

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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