Two Sigma Investments LP Raises Holdings in Materialise NV (NASDAQ:MTLS)

Two Sigma Investments LP increased its holdings in Materialise NV (NASDAQ:MTLS) by 93.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 81,270 shares of the software maker’s stock after purchasing an additional 39,178 shares during the quarter. Two Sigma Investments LP owned 0.14% of Materialise worth $572,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MTLS. JPMorgan Chase & Co. raised its holdings in Materialise by 747.1% in the 4th quarter. JPMorgan Chase & Co. now owns 349,346 shares of the software maker’s stock worth $2,459,000 after purchasing an additional 308,108 shares during the period. Renaissance Group LLC acquired a new position in Materialise in the 4th quarter worth about $2,136,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Materialise by 93.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 348,577 shares of the software maker’s stock valued at $2,454,000 after acquiring an additional 168,850 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of Materialise during the fourth quarter valued at approximately $878,000. Finally, AXA S.A. acquired a new position in shares of Materialise during the fourth quarter valued at approximately $804,000. Institutional investors and hedge funds own 19.30% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Materialise from a “hold” rating to a “buy” rating in a report on Tuesday, May 13th.

Materialise Price Performance

NASDAQ:MTLS opened at $5.68 on Monday. Materialise NV has a one year low of $3.93 and a one year high of $9.69. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.65 and a current ratio of 1.81. The stock has a market cap of $335.52 million, a PE ratio of 22.72 and a beta of 1.57. The stock has a 50 day moving average price of $5.00 and a 200 day moving average price of $6.37.

Materialise (NASDAQ:MTLS) last posted its quarterly earnings results on Thursday, April 24th. The software maker reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.03). The company had revenue of $71.79 million during the quarter, compared to analyst estimates of $67.00 million. Materialise had a net margin of 5.04% and a return on equity of 5.47%. Equities research analysts expect that Materialise NV will post 0.3 EPS for the current fiscal year.

Materialise Profile

Materialise NV provides additive manufacturing and medical software, and 3D printing services in the Americas, Europe and Africa, and the Asia-Pacific. The company operates through three segments: Materialise Software, Materialise Medical, and Materialise Manufacturing. The Materialise Software segment offers software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.