King Luther Capital Management Corp Has $2.39 Million Stake in Materialise NV (NASDAQ:MTLS)

King Luther Capital Management Corp raised its position in Materialise NV (NASDAQ:MTLS) by 169.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 485,000 shares of the software maker’s stock after acquiring an additional 305,000 shares during the quarter. King Luther Capital Management Corp owned approximately 0.82% of Materialise worth $2,386,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. LPL Financial LLC raised its stake in Materialise by 9.3% in the fourth quarter. LPL Financial LLC now owns 32,393 shares of the software maker’s stock valued at $228,000 after buying an additional 2,750 shares during the period. GAMMA Investing LLC raised its stake in Materialise by 69.2% in the first quarter. GAMMA Investing LLC now owns 15,503 shares of the software maker’s stock valued at $76,000 after buying an additional 6,338 shares during the period. State of Tennessee Department of Treasury raised its stake in Materialise by 71.9% in the fourth quarter. State of Tennessee Department of Treasury now owns 22,415 shares of the software maker’s stock valued at $158,000 after buying an additional 9,378 shares during the period. Randolph Co Inc bought a new stake in Materialise in the first quarter valued at approximately $49,000. Finally, Millennium Management LLC raised its stake in Materialise by 8.5% in the fourth quarter. Millennium Management LLC now owns 146,650 shares of the software maker’s stock valued at $1,032,000 after buying an additional 11,435 shares during the period. Institutional investors own 19.30% of the company’s stock.

Wall Street Analyst Weigh In

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

Materialise Trading Down 0.6%

Shares of NASDAQ MTLS opened at $5.00 on Tuesday. The business’s 50 day moving average is $5.55 and its 200-day moving average is $5.71. The company has a current ratio of 2.16, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15. Materialise NV has a 1-year low of $3.93 and a 1-year high of $9.69.

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.