Wealth Enhancement Advisory Services LLC Makes New Investment in Mativ Holdings, Inc. $MATV

Wealth Enhancement Advisory Services LLC acquired a new position in Mativ Holdings, Inc. (NYSE:MATV) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,388 shares of the company’s stock, valued at approximately $91,000.

Several other large investors have also recently bought and sold shares of MATV. GAMMA Investing LLC raised its position in Mativ by 119.7% in the first quarter. GAMMA Investing LLC now owns 4,462 shares of the company’s stock worth $28,000 after acquiring an additional 2,431 shares in the last quarter. CWM LLC raised its position in Mativ by 707.7% in the first quarter. CWM LLC now owns 4,701 shares of the company’s stock worth $29,000 after acquiring an additional 4,119 shares in the last quarter. US Bancorp DE increased its position in shares of Mativ by 204.2% in the first quarter. US Bancorp DE now owns 5,677 shares of the company’s stock valued at $35,000 after buying an additional 3,811 shares in the last quarter. QRG Capital Management Inc. purchased a new position in shares of Mativ in the first quarter valued at $64,000. Finally, FORA Capital LLC purchased a new position in shares of Mativ in the first quarter valued at $68,000. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Mativ Stock Down 7.1%

MATV opened at $9.69 on Monday. The company has a quick ratio of 1.21, a current ratio of 2.37 and a debt-to-equity ratio of 2.65. The firm has a market cap of $529.75 million, a P/E ratio of -1.16 and a beta of 0.83. Mativ Holdings, Inc. has a 52 week low of $4.34 and a 52 week high of $17.47. The business’s fifty day simple moving average is $11.29 and its 200 day simple moving average is $7.95.

Mativ (NYSE:MATV) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.15. The business had revenue of $525.40 million for the quarter, compared to analyst estimates of $505.00 million. Mativ had a positive return on equity of 4.12% and a negative net margin of 23.09%. As a group, equities research analysts anticipate that Mativ Holdings, Inc. will post 1.15 EPS for the current fiscal year.

Mativ Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, August 29th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.1%. Mativ’s dividend payout ratio (DPR) is presently -4.79%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on MATV shares. Weiss Ratings restated a “sell (d-)” rating on shares of Mativ in a research report on Wednesday, October 8th. Zacks Research cut Mativ from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Finally, Wall Street Zen upgraded Mativ from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $10.00.

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.