Breaking: Is Selling Matson, Inc. Here a Winning Strategy?

Breaking: Is Selling Matson, Inc. Here a Winning Strategy?

The stock of Matson, Inc. (NYSE:MATX) is a huge mover today! About 1.54 million shares traded hands or 779.26% up from the average. Matson, Inc. (NYSE:MATX) has risen 15.66% since April 6, 2016 and is uptrending. It has outperformed by 13.71% the S&P500.
The move comes after 5 months negative chart setup for the $1.79 billion company. It was reported on Nov, 8 by Barchart.com. We have $30.46 PT which if reached, will make NYSE:MATX worth $143.20M less.

Matson, Inc. (NYSE:MATX) Ratings Coverage

Out of 2 analysts covering Matson (NYSE:MATX), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Matson has been the topic of 3 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Matson, Inc. (NYSE:MATX) has “Mkt Perform” rating given on Monday, November 9 by FBR Capital. Stifel Nicolaus downgraded Matson, Inc. (NYSE:MATX) on Tuesday, November 8 to “Hold” rating. The stock of Matson, Inc. (NYSE:MATX) earned “Buy” rating by Stifel Nicolaus on Wednesday, August 5.

According to Zacks Investment Research, “Matson, Inc. operates as an ocean transportation and logistics company. It offers shipping services in Hawaii, Guam, and Micronesia islands and expedited service from China to southern California. The company’s logistics services consist of rail intermodal service, long haul and regional highway truckload services, less-than-truckload transportation, specialized hauling, flatbed, and project works, warehousing and distribution services, transloading, cross-dock services, and packaging services, and network analysis and freight management services. Matson, Inc., formerly known as Alexander & Baldwin Holdings, Inc., is headquartered in Honolulu, Hawaii.”

Insitutional Activity: The institutional sentiment decreased to 0.55 in 2016 Q2. Its down 0.29, from 0.84 in 2016Q1. The ratio is negative, as 37 funds sold all Matson, Inc. shares owned while 76 reduced positions. 18 funds bought stakes while 44 increased positions. They now own 34.63 million shares or 0.95% less from 34.96 million shares in 2016Q1.
Teachers Retirement System Of The State Of Kentucky holds 15,100 shares or 0.01% of its portfolio. Fmr Limited Liability Com has invested 0% of its portfolio in Matson, Inc. (NYSE:MATX). London Co Of Virginia last reported 0.57% of its portfolio in the stock. New York State Common Retirement Fund has invested 0% of its portfolio in Matson, Inc. (NYSE:MATX). Moreover, Commonwealth Equity Ser has 0% invested in Matson, Inc. (NYSE:MATX) for 8,412 shares. Putnam Invests Ltd Liability Corporation has 59,517 shares for 0% of their US portfolio. Blackrock Inc holds 0% or 7,420 shares in its portfolio. State Board Of Administration Of Florida Retirement accumulated 0% or 32,880 shares. Ameriprise Financial holds 530,145 shares or 0.01% of its portfolio. California Pub Employees Retirement Systems has 100,400 shares for 0.01% of their US portfolio. Gotham Asset Limited Com holds 52,893 shares or 0.02% of its portfolio. D E Shaw & accumulated 0% or 64,035 shares. Quantbot Tech Lp has 5,336 shares for 0.02% of their US portfolio. Marshall Wace Ltd Liability Partnership holds 0.02% or 73,000 shares in its portfolio. Springbok Capital Mgmt, a New York-based fund reported 3,607 shares.

Insider Transactions: Since August 9, 2016, the stock had 0 insider purchases, and 4 selling transactions for $983,675 net activity. Shares for $41,670 were sold by BAIRD W BLAKE on Friday, September 2. Shares for $488,896 were sold by Angoco Vic S Jr.

More notable recent Matson, Inc. (NYSE:MATX) news were published by: Prnewswire.com which released: “Matson, Inc. Announces Third Quarter EPS Of $0.58 And Provides Outlook For The …” on November 07, 2016, also Prnewswire.com with their article: “Stanley Kuriyama Appointed To Matson, Inc. Board Of Directors” published on June 23, 2016, Prnewswire.com published: “Matson Announces Closing Of $200 Million Debt Private Placement” on September 14, 2016. More interesting news about Matson, Inc. (NYSE:MATX) were released by: Forbes.com and their article: “Matson is Now Oversold (MATX)” published on November 08, 2016 as well as Bizjournals.com‘s news article titled: “Matson reports Q1 net income of $18.1M” with publication date: May 05, 2016.

MATX Company Profile

Matson, Inc. (Matson), incorporated on January 25, 2012, is a holding company. The Firm provides ocean transportation and logistics services. The Firm operates through two divisions: Ocean Transportation and Logistics. The Company’s Ocean Transportation business is conducted through its subsidiary, Matson Navigation Company, Inc. (MatNav). MatNav is an asset business that provides ocean freight transportation services to the domestic economies of Hawaii, Alaska and Guam, and to other island economies in Micronesia and in the South Pacific. Matson’s fleet consists of approximately 20 owned and over three chartered vessels, including containerships, combination container/roll-on/roll-off ships, roll-on/roll-off barge and barges equipped with cranes. Matson’s Logistics business is conducted through Matson Logistics, Inc. (Matson Logistics or Logistics), a subsidiary of MatNav. Matson Logistics is an asset-light business that provides multimodal transportation services, including domestic and international rail intermodal service (Intermodal); long-haul and regional highway brokerage, specialized hauling, flat-bed and project services, less-than-truckload services, expedited freight services (collectively Highway); supply chain management, and warehousing and distribution services.

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