LSV Asset Management Trims Stock Position in Mativ Holdings, Inc. (NYSE:MATV)

LSV Asset Management cut its position in Mativ Holdings, Inc. (NYSE:MATV) by 55.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,400 shares of the company’s stock after selling 268,763 shares during the quarter. LSV Asset Management owned about 0.40% of Mativ worth $3,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in Mativ by 264.1% in the third quarter. PNC Financial Services Group Inc. now owns 6,940 shares of the company’s stock worth $99,000 after buying an additional 5,034 shares in the last quarter. GAMMA Investing LLC bought a new stake in Mativ in the 4th quarter worth $101,000. SG Americas Securities LLC bought a new position in shares of Mativ during the third quarter valued at about $173,000. Raymond James & Associates purchased a new stake in shares of Mativ during the fourth quarter worth about $221,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Mativ by 55.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,634 shares of the company’s stock worth $255,000 after purchasing an additional 5,903 shares during the last quarter. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Mativ Trading Up 2.1 %

MATV opened at $18.53 on Thursday. Mativ Holdings, Inc. has a one year low of $10.78 and a one year high of $19.02. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.53 and a quick ratio of 1.28. The business has a 50 day simple moving average of $18.03 and a two-hundred day simple moving average of $15.04. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of -3.27, a PEG ratio of 2.03 and a beta of 0.75.

Mativ (NYSE:MATV) last announced its earnings results on Wednesday, February 21st. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.07. The company had revenue of $452.30 million during the quarter, compared to the consensus estimate of $472.10 million. Mativ had a positive return on equity of 6.70% and a negative net margin of 13.47%. Analysts predict that Mativ Holdings, Inc. will post 1.5 EPS for the current year.

Mativ Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date was Thursday, March 7th. Mativ’s payout ratio is -7.07%.

Insider Buying and Selling

In other news, Director Jeffrey Keenan bought 3,000 shares of Mativ stock in a transaction on Monday, February 26th. The shares were purchased at an average price of $16.06 per share, for a total transaction of $48,180.00. Following the acquisition, the director now owns 312,000 shares of the company’s stock, valued at $5,010,720. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.01% of the stock is owned by insiders.

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.