Investors Research Corp Lowers Position in Mativ Holdings, Inc. (NYSE:MATV)

Investors Research Corp trimmed its position in shares of Mativ Holdings, Inc. (NYSE:MATV) by 12.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,504 shares of the company’s stock after selling 2,425 shares during the quarter. Investors Research Corp’s holdings in Mativ were worth $180,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Point72 DIFC Ltd purchased a new position in Mativ during the 3rd quarter valued at about $35,000. KBC Group NV boosted its holdings in Mativ by 93.2% during the 4th quarter. KBC Group NV now owns 4,787 shares of the company’s stock valued at $52,000 after acquiring an additional 2,309 shares during the period. Truvestments Capital LLC purchased a new position in Mativ during the 3rd quarter valued at about $82,000. FMR LLC boosted its holdings in Mativ by 113.3% during the 3rd quarter. FMR LLC now owns 7,716 shares of the company’s stock valued at $131,000 after acquiring an additional 4,098 shares during the period. Finally, AlphaQuest LLC boosted its holdings in Mativ by 20,544.8% during the 4th quarter. AlphaQuest LLC now owns 11,974 shares of the company’s stock valued at $131,000 after acquiring an additional 11,916 shares during the period. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Mativ Price Performance

MATV stock opened at $7.17 on Tuesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.40 and a quick ratio of 1.29. The firm has a market capitalization of $390.62 million, a P/E ratio of -7.96, a P/E/G ratio of 1.08 and a beta of 0.72. The business’s 50-day moving average is $8.99 and its two-hundred day moving average is $13.04. Mativ Holdings, Inc. has a 1 year low of $5.74 and a 1 year high of $19.96.

Mativ (NYSE:MATV) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.17). The company had revenue of $458.60 million during the quarter, compared to analyst estimates of $472.70 million. Mativ had a negative net margin of 2.46% and a positive return on equity of 3.86%. Analysts anticipate that Mativ Holdings, Inc. will post 1.15 earnings per share for the current fiscal year.

Mativ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 5.58%. The ex-dividend date is Friday, March 14th. Mativ’s dividend payout ratio is currently -44.44%.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus initiated coverage on Mativ in a report on Thursday, November 21st. They set a “hold” rating and a $15.50 target price for the company.

About Mativ

Mativ Holdings, Inc, together with its subsidiaries, manufactures and sells specialty materials in the United States, Europe, the Asia Pacific, the Americas, and internationally. The company operates through two segments, Advanced Technical Materials and Fiber-Based Solutions. The Advanced Technical Materials manufactures and sells various engineered polymer, resin and fiber-based substrates, nets, films, adhesive tapes, and other nonwovens for the filtration, protective solutions, release liners, and healthcare end-markets.