Notable Insider Trading: Matson, Inc. $MATX

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Matson, Inc. (NYSE:MATX) insider have most recently took part in a trading activity. On Aug 23, 2017 Wine Joel M, Sr. VP & CFO bought 6,100 shares having total worth of $146,827 at the price of $24.07 per share, following the transaction a total of 99,411 shares owned by Wine Joel M.

The stock has experienced a total of 2 insider trades in the past three months. These trades include 1 sell activities and 1 buy trades. Furthermore, over the past 12 months , the stock was traded 14 times by insiders. In 12 of these trades, the insider was a seller while an employee of the company was the buyer in 2 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 1 1 -23.98%
12 Month 2 12 -38.12%

Shares of Matson, Inc. (NYSE:MATX) traded up 0.85% on Aug 22, 2017, hitting $23.78. 526,154 shares of the company’s stock traded hands. Matson, Inc. has a 52 week low of $22.79 and a 52 week high of $42.04. The company’s market cap is $1,700 million.

Matson, Inc. (NYSE:MATX) last announced its earnings results on Jul 31, 2017. The company reported 0.55 earnings per share (EPS) for the quarter, higher than the consensus estimate of 0.44 by $0.11. The company had revenue of $513 million for the quarter, compared to the consensus estimate of $495 million. During the same quarter in the previous year, the company posted 0.42 earnings per share. The company’s revenue for the quarter was up 10% on a year-over-year basis.

2017-07-31 2017-05-03 2017-02-21 2016-11-07 2016-08-02 2016-05-04 2016-02-23 2015-11-04 2015-08-04 2015-05-04
earnings per share 0.55 0.16 0.44 0.72 0.42 0.41 0.68 1.08 0.56 0.57
Revenue(M) 512.5 474.4 519.3 500.4 467.7 454.2 494.8 544.3 447.6 398.2

Matson Inc formerly known as Alexander & Baldwin, Inc., is a holding company incorporated in January 2012 in the State of Hawaii. The Company operates as a carrier in the Pacific. The company’s fleet of 17 ships includes containerships, combination container and roll-on/roll-off vessels and custom-designed barges. The company is engaged in carrying freight, primarily between various U.S. Pacific Coast, Hawaii, Guam, China, and other Pacific island ports; arranging domestic and international rail intermodal service, long-haul and regional highway brokerage, specialized hauling, flat-bed and project work, less-than-truckload, expedited/air freight services, and warehousing and distribution services; and providing terminal, stevedoring, and container equipment maintenance services in Hawaii. The company’s ocean transportation operations related shore side operations in Hawaii, and intermodal, truck brokerage, and logistics services are conducted by a wholly-owned subsidiary, Matson Navigation Company, Inc. (Matson) and its subsidiaries. The Company’s Hawaii Service offers containership freight services between the ports of Long Beach, Oakland, Seattle, and the major ports in Hawaii on the islands of Oahu, Kauai, Maui, and Hawaii. Roll-on/roll-off service is provided between California and the major ports in Hawaii. It is the principal carrier of ocean cargo between the U.S. Pacific Coast and Hawaii. Principal westbound cargoes carried by the company to Hawaii include dry containers of mixed commodities, refrigerated commodities, packaged foods, building materials, automobiles, and household goods. Principal eastbound cargoes carried by it from Hawaii include automobiles, household goods, dry containers of mixed commodities, food and beverages, and livestock. The company’s Guam Service provides weekly containership freight services between the U.S. Pacific Coast and Guam. Additional freight destined to and from the Commonwealth of the Marianas Islands, the Republic of Palau, and the island of Yap in the Federated States of Micronesia is transferred at Guam to and from connecting carriers for delivery to and from those locations. The company’s Micronesia Service offers container and conventional freight service between the U.S. Pacific Coast and the islands of Kwajalein, Ebeye, and Majuro in the Republic of the Marshall Islands and the islands of Pohnpei, Chuuk, and Kosrae in the Federated States of Micronesia. Cargo is transferred at Guam to a Matson-operated ship that provides bi-weekly service to and from those islands. The Company also carries cargo originating in Asia to these islands by receiving cargo transferred from other carriers in Guam. The company’s China Service is part of an integrated Hawaii/Guam/China service. The Hawaii Service also has one additional liner competitor, Pasha Hawaii Transport Lines, LLC that operates a pure car carrier ship, specializing in the carriage of automobiles, large pieces of rolling stock, s

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

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About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.