UBS Group AG Sells 267,808 Shares of Mativ Holdings, Inc. $MATV

UBS Group AG reduced its stake in Mativ Holdings, Inc. (NYSE:MATV) by 38.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 420,465 shares of the company’s stock after selling 267,808 shares during the quarter. UBS Group AG’s holdings in Mativ were worth $5,109,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC boosted its position in shares of Mativ by 2.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,950,656 shares of the company’s stock worth $46,697,000 after purchasing an additional 105,582 shares in the last quarter. Vanguard Group Inc. raised its holdings in Mativ by 5.5% in the 4th quarter. Vanguard Group Inc. now owns 3,738,809 shares of the company’s stock worth $45,427,000 after acquiring an additional 194,225 shares during the last quarter. American Century Companies Inc. raised its holdings in Mativ by 13.3% in the 3rd quarter. American Century Companies Inc. now owns 1,916,201 shares of the company’s stock worth $21,672,000 after acquiring an additional 225,370 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Mativ by 116.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,222,212 shares of the company’s stock worth $13,823,000 after acquiring an additional 658,748 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in Mativ by 15.2% in the 3rd quarter. First Eagle Investment Management LLC now owns 1,013,390 shares of the company’s stock worth $11,461,000 after acquiring an additional 133,500 shares during the last quarter. 94.95% of the stock is owned by institutional investors.

Mativ Price Performance

Shares of MATV opened at $8.57 on Friday. The firm has a market cap of $472.38 million, a PE ratio of 6.40 and a beta of 0.89. The company has a current ratio of 2.26, a quick ratio of 1.12 and a debt-to-equity ratio of 2.22. The firm has a fifty day simple moving average of $8.88 and a two-hundred day simple moving average of $11.14. Mativ Holdings, Inc. has a 1-year low of $5.46 and a 1-year high of $15.48.

Mativ (NYSE:MATV) last announced its earnings results on Wednesday, May 6th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $479.60 million during the quarter, compared to analyst estimates of $486.90 million. Mativ had a net margin of 3.86% and a return on equity of 11.77%. On average, equities analysts anticipate that Mativ Holdings, Inc. will post 0.85 EPS for the current year.

Mativ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, May 29th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Friday, May 29th. Mativ’s dividend payout ratio is 29.85%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MATV shares. Wall Street Zen lowered shares of Mativ from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings upgraded shares of Mativ from a “sell (d-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Mativ currently has a consensus rating of “Reduce”.

About Mativ

Mativ is a global supplier of specialty fiber-based materials and engineered solutions, established in April 2021 through the spin-off of Ahlstrom-Munksjö’s global filtration and engineered materials business. Trading on the New York Stock Exchange under the ticker MATV, the company focuses on designing and manufacturing high-performance products for a broad range of end markets, including life sciences, energy storage, industrial filtration, and consumer products.

Through its Advanced Solutions segment, Mativ produces innovative materials such as lithium-ion battery separators, specialty release liners, and pressure-sensitive adhesive tapes.