Ariel Investments Has Trimmed Matthews Intl Corp. (MATW) Holding; Smith & Nephew plc (ADR) (SNN) Covered By 3 Bulls

September 4, 2017 - By Louis Casey

Ariel Investments Llc decreased Matthews Intl Corp. (MATW) stake by 14.94% reported in 2016Q4 SEC filing. Ariel Investments Llc sold 38,378 shares as Matthews Intl Corp. (MATW)’s stock declined 6.70%. The Ariel Investments Llc holds 218,418 shares with $16.79M value, down from 256,796 last quarter. Matthews Intl Corp. now has $1.94B valuation. The stock increased 0.08% or $0.05 on September 1, reaching $60.3. About 34,143 shares traded. Matthews International Corp (NASDAQ:MATW) has risen 24.80% since September 4, 2016 and is uptrending. It has outperformed by 8.10% the S&P500.

Among 10 analysts covering Smith & Nephew PLC (ADR) (NYSE:SNN), 3 have Buy rating, 0 Sell and 7 Hold. Therefore 30% are positive. Smith & Nephew PLC (ADR) had 10 analyst reports since October 29, 2015 according to SRatingsIntel. Jefferies upgraded Smith & Nephew plc (ADR) (NYSE:SNN) on Monday, May 9 to “Buy” rating. Barclays Capital downgraded the stock to “Equal-Weight” rating in Wednesday, August 10 report. As per Monday, February 27, the company rating was downgraded by Goldman Sachs. The stock of Smith & Nephew plc (ADR) (NYSE:SNN) earned “Hold” rating by Berenberg on Thursday, October 6. As per Thursday, January 19, the company rating was initiated by HSBC. The firm has “Neutral” rating by UBS given on Thursday, February 11. The stock of Smith & Nephew plc (ADR) (NYSE:SNN) has “Overweight” rating given on Thursday, December 8 by Morgan Stanley. The firm has “Neutral” rating given on Wednesday, November 4 by Sterne Agee CRT. See Smith & Nephew plc (ADR) (NYSE:SNN) latest ratings:

Investors sentiment increased to 1.45 in 2016 Q4. Its up 0.34, from 1.11 in 2016Q3. It is positive, as 14 investors sold MATW shares while 55 reduced holdings. 28 funds opened positions while 49 raised stakes. 25.17 million shares or 1.89% less from 25.66 million shares in 2016Q3 were reported. Franklin Res Inc stated it has 0.12% of its portfolio in Matthews International Corp (NASDAQ:MATW). Proshare Advsrs Ltd Liability Corp, a Maryland-based fund reported 83,705 shares. Jfs Wealth Advsrs Limited Liability Company holds 0.03% in Matthews International Corp (NASDAQ:MATW) or 1,250 shares. Raymond James & Assoc owns 246,620 shares or 0.05% of their US portfolio. Sg Americas Securities invested in 0% or 2,643 shares. Pinebridge Lp owns 4,155 shares. Prelude Cap Ltd Liability Corp accumulated 480 shares. Parametric Portfolio Associate Limited Liability accumulated 40,404 shares. Blackrock Lc accumulated 161,991 shares. New York-based Tiaa Cref Mgmt Limited Liability Corp has invested 0.01% in Matthews International Corp (NASDAQ:MATW). Employees Retirement System Of Texas accumulated 19,000 shares or 0.02% of the stock. Pine River Mgmt LP has 7,100 shares. 2,725 were accumulated by Blackrock. California Pub Employees Retirement Sys holds 0% or 24,800 shares. Gotham Asset Mngmt Limited Liability Corporation holds 0.05% in Matthews International Corp (NASDAQ:MATW) or 49,724 shares.

Among 2 analysts covering Matthews International (NASDAQ:MATW), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Matthews International had 6 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Wednesday, July 5 by Macquarie Research. The company was maintained on Thursday, September 22 by Macquarie Research. As per Wednesday, November 4, the company rating was downgraded by Macquarie Research. The stock has “Buy” rating by Wunderlich on Friday, July 29. Wunderlich maintained it with “Buy” rating and $92 target in Monday, November 21 report.

Ariel Investments Llc increased Nokia Corp. Adr (NYSE:NOK) stake by 5.94M shares to 26.72M valued at $128.54 million in 2016Q4. It also upped Baidu Inc. Adr (NASDAQ:BIDU) stake by 57,535 shares and now owns 1.05 million shares. Ishares Msci Acwi Ex Us Etf (ACWX) was raised too.