Fox Run Management L.L.C. Purchases 18,670 Shares of Mativ Holdings, Inc. $MATV

Fox Run Management L.L.C. raised its position in shares of Mativ Holdings, Inc. (NYSE:MATV) by 95.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 38,209 shares of the company’s stock after purchasing an additional 18,670 shares during the quarter. Fox Run Management L.L.C.’s holdings in Mativ were worth $261,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. First Eagle Investment Management LLC raised its stake in shares of Mativ by 28.6% during the second quarter. First Eagle Investment Management LLC now owns 879,890 shares of the company’s stock valued at $6,001,000 after acquiring an additional 195,800 shares during the last quarter. Savant Capital LLC purchased a new position in Mativ during the 2nd quarter valued at about $118,000. Corton Capital Inc. bought a new position in Mativ during the 2nd quarter valued at approximately $137,000. Wolverine Asset Management LLC lifted its holdings in Mativ by 31.4% in the 2nd quarter. Wolverine Asset Management LLC now owns 166,658 shares of the company’s stock worth $1,137,000 after buying an additional 39,796 shares during the period. Finally, Mayflower Financial Advisors LLC grew its position in shares of Mativ by 5.5% in the 2nd quarter. Mayflower Financial Advisors LLC now owns 377,821 shares of the company’s stock worth $2,577,000 after buying an additional 19,721 shares during the last quarter. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Analyst Upgrades and Downgrades

MATV has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Mativ from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Zacks Research lowered shares of Mativ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mativ in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $10.00.

Mativ Price Performance

MATV opened at $13.22 on Friday. The company has a current ratio of 2.37, a quick ratio of 1.21 and a debt-to-equity ratio of 2.65. The company has a market cap of $722.88 million, a price-to-earnings ratio of -1.58 and a beta of 0.86. The stock has a fifty day simple moving average of $11.50 and a two-hundred day simple moving average of $8.97. Mativ Holdings, Inc. has a 12-month low of $4.34 and a 12-month high of $14.42.

Mativ (NYSE:MATV) last announced its earnings results on Wednesday, November 5th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.12. The firm had revenue of $513.70 million for the quarter, compared to analysts’ expectations of $505.00 million. Mativ had a negative net margin of 23.09% and a positive return on equity of 4.12%. Research analysts predict that Mativ Holdings, Inc. will post 1.15 earnings per share for the current fiscal year.

Mativ Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, November 28th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, November 28th. Mativ’s dividend payout ratio is -4.98%.

Mativ 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.