UBS Group AG Sells 63,241 Shares of Matson, Inc. $MATX
UBS Group AG significantly reduced its stake in Matson, Inc. by 40% in the fourth quarter, selling 63,241 shares and retaining 94,733 shares valued at approximately $11.7 million. Matson reported first-quarter EPS of $1.85, exceeding analyst estimates, although revenue of $757.8 million fell short of expectations and showed a 3.1% year-over-year decline. The company also declared a quarterly dividend of $0.36 per share, while insider selling by executives has been noted, totaling 60,993 shares sold in the past 90 days.
MAY 7·Marine News Magazine▲
Construction Underway On New Matson Container Ships
Matson has begun hull assembly on the second of three new LNG powered "Aloha Class" container ships and started construction on its third new vessel at Hanwha Philly Shipyard, Inc. These Jones Act-compliant vessels, an investment of approximately $1 billion, will match the size and speed of existing Aloha Class ships. Matson expects to receive the first new vessel in early 2027, with subsequent deliveries in late 2027 and mid-2028, replacing three currently deployed vessels.
APR 20·www.marketscreener.com→
MATSON TO ANNOUNCE FIRST QUARTER 2026 RESULTS ON MAY 4, 2026
Matson, Inc. (NYSE: MATX) announced it will release its first-quarter 2026 financial results on Monday, May 4, 2026. This will be followed by a conference call at 4:30 p.m. ET to discuss the results, featuring Chairman and CEO Matt Cox and Executive Vice President and CFO Joel Wine. Interested parties can register for the live event and access a webcast replay on the company's website.
