Versor Investments LP Increases Stock Holdings in Mativ Holdings, Inc. (NYSE:MATV)

Versor Investments LP boosted its stake in Mativ Holdings, Inc. (NYSE:MATV) by 30.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 43,700 shares of the company’s stock after buying an additional 10,300 shares during the quarter. Versor Investments LP owned approximately 0.08% of Mativ worth $476,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of MATV. Illinois Municipal Retirement Fund raised its holdings in shares of Mativ by 5.2% in the fourth quarter. Illinois Municipal Retirement Fund now owns 32,258 shares of the company’s stock valued at $352,000 after purchasing an additional 1,583 shares during the last quarter. Bank of New York Mellon Corp grew its position in Mativ by 44.2% in the 4th quarter. Bank of New York Mellon Corp now owns 613,444 shares of the company’s stock worth $6,687,000 after purchasing an additional 187,970 shares in the last quarter. Wolverine Asset Management LLC increased its stake in Mativ by 331.8% in the 4th quarter. Wolverine Asset Management LLC now owns 79,586 shares of the company’s stock valued at $867,000 after buying an additional 61,155 shares during the last quarter. Peregrine Capital Management LLC bought a new position in shares of Mativ during the 4th quarter worth approximately $4,397,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Mativ by 2.8% in the 4th quarter. Principal Financial Group Inc. now owns 270,460 shares of the company’s stock worth $2,948,000 after buying an additional 7,476 shares during the last quarter. 94.95% of the stock is currently owned by institutional investors.

Mativ Trading Down 0.9 %

NYSE MATV opened at $6.76 on Friday. The business’s fifty day moving average is $9.45 and its 200-day moving average is $13.51. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.40 and a quick ratio of 1.29. The stock has a market capitalization of $367.31 million, a price-to-earnings ratio of -7.51, a PEG ratio of 1.08 and a beta of 0.66. Mativ Holdings, Inc. has a one year low of $6.25 and a one year high of $19.96.

Mativ (NYSE:MATV) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.17). Mativ had a positive return on equity of 3.86% and a negative net margin of 2.46%. The company had revenue of $458.60 million during the quarter, compared to the consensus estimate of $472.70 million. Equities research analysts predict that Mativ Holdings, Inc. will post 1.15 EPS for the current year.

Mativ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.40 annualized dividend and a yield of 5.92%. Mativ’s payout ratio is -44.44%.

Analyst Ratings Changes

Separately, Stifel Nicolaus began coverage on Mativ in a research report on Thursday, November 21st. They set a “hold” rating and a $15.50 price target for the company.

About Mativ

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.