203,301 Shares in Mativ Holdings, Inc. $MATV Acquired by Man Group plc

Man Group plc purchased a new stake in Mativ Holdings, Inc. (NYSE:MATV) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 203,301 shares of the company’s stock, valued at approximately $1,539,000.

Other hedge funds also recently made changes to their positions in the company. Rockefeller Capital Management L.P. lifted its holdings in shares of Mativ by 1,082.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,364 shares of the company’s stock worth $29,000 after acquiring an additional 2,164 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Mativ in the 3rd quarter worth approximately $30,000. California State Teachers Retirement System increased its position in Mativ by 167.2% during the 4th quarter. California State Teachers Retirement System now owns 3,327 shares of the company’s stock valued at $40,000 after purchasing an additional 2,082 shares during the period. Cullen Frost Bankers Inc. raised its stake in Mativ by 26.0% in the fourth quarter. Cullen Frost Bankers Inc. now owns 3,961 shares of the company’s stock worth $48,000 after buying an additional 818 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co bought a new position in shares of Mativ in the 4th quarter worth approximately $77,000. 94.95% of the stock is owned by institutional investors.

Mativ Stock Performance

NYSE MATV opened at $12.51 on Thursday. The business has a 50 day simple moving average of $9.75 and a two-hundred day simple moving average of $9.39. Mativ Holdings, Inc. has a 1-year low of $7.07 and a 1-year high of $15.48. The stock has a market capitalization of $689.61 million, a PE ratio of 7.92 and a beta of 0.93. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.98 and a quick ratio of 0.95.

Mativ (NYSE:MATV) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.22. Mativ had a return on equity of 13.53% and a net margin of 4.50%.The business had revenue of $531.80 million for the quarter, compared to the consensus estimate of $508.50 million. On average, research analysts predict that Mativ Holdings, Inc. will post 0.97 EPS for the current fiscal year.

Mativ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, August 28th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $0.40 dividend on an annualized basis and a yield of 3.2%. Mativ’s dividend payout ratio is 25.32%.

Analysts Set New Price Targets

MATV has been the topic of a number of analyst reports. Weiss Ratings raised Mativ from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Wall Street Zen raised shares of Mativ from a “buy” rating to a “strong-buy” rating in a report on Monday, August 10th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Mativ has a consensus rating of “Hold”.

Mativ Company Profile

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.