As Liberty Global Plc (LBTYK) Stock Declined, Manor Road Capital Partners Has Cut Stake by $50.24 Million; Bank Of Hawaii Has Trimmed Its Stake in Matson (MATX) as Share Value Declined

January 21, 2018 - By Stephen Andrade

Bank Of Hawaii decreased its stake in Matson Inc (MATX) by 16.35% based on its latest 2017Q3 regulatory filing with the SEC. Bank Of Hawaii sold 14,222 shares as the company’s stock declined 18.22% while stock markets rallied. The institutional investor held 72,751 shares of the consumer services company at the end of 2017Q3, valued at $2.05M, down from 86,973 at the end of the previous reported quarter. Bank Of Hawaii who had been investing in Matson Inc for a number of months, seems to be less bullish one the $1.31 billion market cap company. The stock increased 1.01% or $0.31 during the last trading session, reaching $30.92. About 159,398 shares traded. Matson, Inc. (NYSE:MATX) has declined 5.12% since January 21, 2017 and is downtrending. It has underperformed by 21.82% the S&P500.

John Ku decreased its stake in Liberty Global Plc (LBTYK) by 15.47% based on its latest 2017Q3 regulatory filing with the SEC. Manor Road Capital Partners Llc sold 1.57M shares as the company’s stock declined 17.26% while stock markets rallied. The hedge fund run by John Ku held 8.58 million shares of the television services company at the end of 2017Q3, valued at $280.57M, down from 10.15M at the end of the previous reported quarter. Manor Road Capital Partners Llc who had been investing in Liberty Global Plc for a number of months, seems to be less bullish one the $35.41B market cap company. The stock increased 0.74% or $0.26 during the last trading session, reaching $35.26. About 3.66 million shares traded or 42.86% up from the average. Liberty Global plc (NASDAQ:LBTYK) has declined 6.78% since January 21, 2017 and is downtrending. It has underperformed by 23.48% the S&P500.

Among 6 analysts covering Matson (NYSE:MATX), 2 have Buy rating, 1 Sell and 3 Hold. Therefore 33% are positive. Matson had 12 analyst reports since August 5, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Monday, January 8 by Stephens. The firm has “Hold” rating by Stephens given on Friday, August 18. On Thursday, December 15 the stock rating was initiated by Seaport Global with “Neutral”. The rating was maintained by Stifel Nicolaus on Thursday, September 21 with “Buy”. The firm has “Buy” rating given on Friday, August 18 by Stifel Nicolaus. Stifel Nicolaus maintained it with “Buy” rating and $32.0 target in Friday, November 3 report. The rating was maintained by Stifel Nicolaus on Wednesday, August 5 with “Buy”. Stifel Nicolaus downgraded the shares of MATX in report on Tuesday, November 8 to “Hold” rating. The firm has “Underperform” rating by Wells Fargo given on Friday, August 18. The rating was maintained by FBR Capital on Monday, November 9 with “Mkt Perform”.

Since August 3, 2017, it had 0 insider buys, and 1 insider sale for $77,287 activity.

Investors sentiment decreased to 1.03 in 2017 Q3. Its down 0.03, from 1.06 in 2017Q2. It worsened, as 17 investors sold MATX shares while 52 reduced holdings. 24 funds opened positions while 47 raised stakes. 35.66 million shares or 2.05% less from 36.41 million shares in 2017Q2 were reported. Clark Cap Management Grp holds 0.07% of its portfolio in Matson, Inc. (NYSE:MATX) for 73,068 shares. Art Ltd Liability Company has 65,387 shares for 0.09% of their portfolio. Retail Bank Of Montreal Can stated it has 3,305 shares. Hanson Mcclain Incorporated invested in 0.01% or 5,280 shares. Pinebridge Limited Partnership holds 0.03% or 42,043 shares. Asset Mgmt holds 26 shares or 0% of its portfolio. Swiss National Bank accumulated 17,900 shares. Voya Inv Mngmt Ltd Liability Corporation has invested 0% in Matson, Inc. (NYSE:MATX). The Iowa-based Principal Fincl Gp Inc has invested 0.01% in Matson, Inc. (NYSE:MATX). The Illinois-based Envestnet Asset Mngmt Inc has invested 0% in Matson, Inc. (NYSE:MATX). Nationwide Fund Advisors has invested 0% of its portfolio in Matson, Inc. (NYSE:MATX). Tensile Capital Mngmt Ltd Liability holds 254,746 shares. 32,580 are held by State Board Of Administration Of Florida Retirement Sys. Morgan Stanley owns 93,908 shares. Ngam Advisors LP owns 23,622 shares or 0.01% of their US portfolio.

Analysts await Matson, Inc. (NYSE:MATX) to report earnings on February, 20. They expect $0.29 earnings per share, down 34.09% or $0.15 from last year’s $0.44 per share. MATX’s profit will be $12.31M for 26.66 P/E if the $0.29 EPS becomes a reality. After $0.79 actual earnings per share reported by Matson, Inc. for the previous quarter, Wall Street now forecasts -63.29% negative EPS growth.

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