Acadian Asset Management LLC Decreases Stock Holdings in Materialise NV $MTLS

Acadian Asset Management LLC lessened its stake in shares of Materialise NV (NASDAQ:MTLS) by 2.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 502,640 shares of the software maker’s stock after selling 15,176 shares during the quarter. Acadian Asset Management LLC’s holdings in Materialise were worth $2,831,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in MTLS. Jane Street Group LLC purchased a new stake in Materialise in the first quarter worth approximately $75,000. Meritage Portfolio Management bought a new position in shares of Materialise during the 2nd quarter valued at $459,000. AMH Equity Ltd purchased a new position in shares of Materialise in the 1st quarter worth $541,000. Envestnet Asset Management Inc. grew its holdings in shares of Materialise by 11.8% in the first quarter. Envestnet Asset Management Inc. now owns 139,409 shares of the software maker’s stock worth $686,000 after acquiring an additional 14,683 shares during the period. Finally, Roubaix Capital LLC bought a new stake in shares of Materialise in the first quarter worth $1,938,000. 19.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MTLS has been the topic of a number of recent research reports. Wall Street Zen raised Materialise from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Zacks Research upgraded shares of Materialise from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 30th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Materialise in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Materialise Price Performance

Shares of Materialise stock opened at $6.01 on Friday. The stock’s 50-day simple moving average is $5.80 and its 200-day simple moving average is $5.53. Materialise NV has a 52 week low of $3.93 and a 52 week high of $9.69. The company has a market capitalization of $355.01 million, a price-to-earnings ratio of 75.13 and a beta of 1.27. The company has a quick ratio of 2.00, a current ratio of 2.37 and a debt-to-equity ratio of 0.20.

Materialise (NASDAQ:MTLS) last posted its quarterly earnings results on Tuesday, October 28th. The software maker reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. Materialise had a return on equity of 1.75% and a net margin of 1.65%.The company had revenue of $77.69 million for the quarter, compared to analysts’ expectations of $65.35 million. Materialise has set its FY 2025 guidance at EPS. As a group, analysts expect that Materialise NV will post 0.3 earnings per share for the current fiscal year.

Materialise Company 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.