This Hedge Fund's Materion Stake Tops $38 Million as Earnings Strength Pushes Shares Near Record Highs

On November 14, New York-based Harvey Partners disclosed a new stake in Materion Corporation (NYSE:MTRN), acquiring 318,000 shares valued at approximately $38.4 million.According to a Securities and Exchange Commission (SEC) filing dated November 14, Harvey Partners initiated a new position in Materion Corporation (NYSE:MTRN), purchasing 318,000 shares during the third quarter. The new holding was valued at approximately $38.4 million as of September 30 and accounted for approximately 3.4% of the fund’s approximately $1.1 billion in reportable U.S. equity assets. The fund now holds 46 equity positions.The position represents 3.4% of Harvey Partners' reportable assets under management, placing it outside the fund’s top five holdings.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool