Mativ (NYSE:MATV) Receives Sell (D-) Rating from Weiss Ratings

Mativ (NYSE:MATV)‘s stock had its “sell (d-)” rating reiterated by investment analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other analysts have also issued reports on the company. Zacks Research upgraded Mativ to a “strong-buy” rating in a report on Monday, August 11th. Wall Street Zen upgraded Mativ from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $10.00.

Mativ Stock Down 0.6%

Shares of NYSE:MATV opened at $10.68 on Wednesday. Mativ has a 1 year low of $4.34 and a 1 year high of $17.47. The business has a 50 day simple moving average of $11.14 and a two-hundred day simple moving average of $7.88. The firm has a market capitalization of $583.88 million, a PE ratio of -1.28 and a beta of 0.83. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.37 and a quick ratio of 1.21.

Mativ (NYSE:MATV) last announced its earnings results on Wednesday, August 6th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.15. Mativ had a positive return on equity of 4.12% and a negative net margin of 23.09%.The business had revenue of $525.40 million during the quarter, compared to analyst estimates of $505.00 million. On average, equities analysts predict that Mativ will post 1.15 EPS for the current year.

Institutional Trading of Mativ

Hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its holdings in Mativ by 119.7% during the first quarter. GAMMA Investing LLC now owns 4,462 shares of the company’s stock worth $28,000 after buying an additional 2,431 shares during the period. CWM LLC lifted its holdings in Mativ by 707.7% during the first quarter. CWM LLC now owns 4,701 shares of the company’s stock worth $29,000 after buying an additional 4,119 shares during the period. US Bancorp DE lifted its holdings in Mativ by 204.2% during the first quarter. US Bancorp DE now owns 5,677 shares of the company’s stock worth $35,000 after buying an additional 3,811 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in Mativ by 186.1% during the second quarter. Public Employees Retirement System of Ohio now owns 9,448 shares of the company’s stock worth $64,000 after buying an additional 6,146 shares during the period. Finally, QRG Capital Management Inc. acquired a new position in shares of Mativ during the first quarter worth $64,000. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Mativ Company Profile

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.