Mackenzie Financial Corp Makes New $469,000 Investment in Mativ Holdings, Inc. (NYSE:MATV)

Mackenzie Financial Corp purchased a new stake in Mativ Holdings, Inc. (NYSE:MATV - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 43,005 shares of the company's stock, valued at approximately $469,000. Mackenzie Financial Corp owned approximately 0.08% of Mativ as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MATV. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Mativ by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,724 shares of the company's stock valued at $335,000 after buying an additional 1,121 shares during the period. Illinois Municipal Retirement Fund increased its holdings in Mativ by 5.2% in the 4th quarter. Illinois Municipal Retirement Fund now owns 32,258 shares of the company's stock valued at $352,000 after buying an additional 1,583 shares during the period. Rhumbline Advisers increased its holdings in Mativ by 1.0% in the 4th quarter. Rhumbline Advisers now owns 169,976 shares of the company's stock valued at $1,853,000 after buying an additional 1,649 shares during the period. MetLife Investment Management LLC raised its holdings in shares of Mativ by 5.7% in the 4th quarter. MetLife Investment Management LLC now owns 33,153 shares of the company's stock worth $361,000 after buying an additional 1,779 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of Mativ by 93.2% in the 4th quarter. KBC Group NV now owns 4,787 shares of the company's stock worth $52,000 after buying an additional 2,309 shares in the last quarter. Institutional investors own 94.95% of the company's stock.

Mativ Trading Down 4.9%

NYSE MATV traded down $0.32 during trading hours on Friday, hitting $6.17. The company's stock had a trading volume of 373,329 shares, compared to its average volume of 605,593. The company has a quick ratio of 1.29, a current ratio of 2.40 and a debt-to-equity ratio of 1.28. Mativ Holdings, Inc. has a twelve month low of $4.34 and a twelve month high of $19.96. The stock has a fifty day moving average of $5.43 and a 200 day moving average of $8.06. The firm has a market capitalization of $336.38 million, a P/E ratio of -6.86, a PEG ratio of 1.08 and a beta of 0.68.

Mativ (NYSE:MATV - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.03). The company had revenue of $484.80 million for the quarter, compared to analyst estimates of $470.30 million. Mativ had a positive return on equity of 3.86% and a negative net margin of 2.46%. Equities research analysts forecast that Mativ Holdings, Inc. will post 1.15 earnings per share for the current fiscal year.

Mativ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 6.48%. The ex-dividend date is Friday, May 23rd. Mativ's dividend payout ratio (DPR) is presently -4.88%.

Analyst Ratings Changes

Separately, Stifel Nicolaus raised shares of Mativ from a "hold" rating to a "buy" rating and decreased their price objective for the stock from $15.50 to $10.00 in a research note on Monday, March 24th.

Insider Buying and Selling

In related news, Director Kimberly E. Ritrievi bought 10,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were acquired at an average price of $5.88 per share, with a total value of $58,800.00. Following the completion of the transaction, the director now owns 30,640 shares in the company, valued at $180,163.20. The trade was a 48.45% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Shruti Singhal bought 40,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was bought at an average cost of $5.76 per share, for a total transaction of $230,400.00. Following the transaction, the chief executive officer now owns 56,533 shares of the company's stock, valued at $325,630.08. The trade was a 241.94% increase in their position. The disclosure for this purchase can be found here. 2.01% of the stock is owned by corporate 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.