American Century Companies Inc. Boosts Stock Position in Mativ Holdings, Inc. $MATV

Key Points

• American Century Companies Inc. increased its stake in Mativ Holdings, purchasing 57,277 shares and owning approximately 2.87% of the company valued at $9.7 million.
• CEO Shruti Singhal and Director Kimberly E. Ritrievi significantly increased their ownership by buying 40,000 and 10,000 shares, respectively, indicating strong insider confidence in the company.
• Mativ recently announced a quarterly dividend of $0.10 per share, reflecting a 3.3% dividend yield despite a negative net margin.

American Century Companies Inc. boosted its stake in shares of Mativ Holdings, Inc. (NYSE:MATV - Free Report) by 3.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,564,695 shares of the company's stock after acquiring an additional 57,277 shares during the quarter. American Century Companies Inc. owned 2.87% of Mativ worth $9,748,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in Mativ by 119.7% in the first quarter. GAMMA Investing LLC now owns 4,462 shares of the company's stock valued at $28,000 after purchasing an additional 2,431 shares during the period. CWM LLC grew its holdings in Mativ by 707.7% in the first quarter. CWM LLC now owns 4,701 shares of the company's stock valued at $29,000 after purchasing an additional 4,119 shares during the period. US Bancorp DE grew its holdings in 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 purchasing an additional 3,811 shares during the period. QRG Capital Management Inc. acquired a new stake in Mativ in the first quarter valued at approximately $64,000. Finally, Fox Run Management L.L.C. acquired a new stake in Mativ in the first quarter valued at approximately $122,000. 94.95% of the stock is owned by institutional investors and hedge funds.

Mativ Trading Up 2.2%

NYSE:MATV traded up $0.27 on Monday, reaching $12.59. The company's stock had a trading volume of 753,839 shares, compared to its average volume of 836,628. Mativ Holdings, Inc. has a 12-month low of $4.34 and a 12-month high of $19.96. 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 $688.46 million, a price-to-earnings ratio of -1.51 and a beta of 0.82. The stock has a 50 day moving average price of $8.70 and a 200 day moving average price of $6.97.

Mativ (NYSE:MATV - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.15. Mativ had a positive return on equity of 4.12% and a negative net margin of 23.09%.The company had revenue of $525.40 million for the quarter, compared to the consensus estimate of $505.00 million. On average, equities analysts anticipate that Mativ Holdings, Inc. will post 1.15 EPS for the current fiscal year.

Mativ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, August 29th will be given a $0.10 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.40 dividend on an annualized basis and a yield of 3.2%. Mativ's payout ratio is currently -4.79%.

Wall Street Analysts Forecast Growth

MATV has been the topic of a number of research analyst reports. Zacks Research raised Mativ to a "strong-buy" rating in a research note on Monday, August 11th. Wall Street Zen raised Mativ from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. According to data from MarketBeat.com, Mativ has an average rating of "Strong Buy" and a consensus 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.