Charles Schwab Investment Management Inc. boosted its holdings in shares of Mativ Holdings, Inc. (NYSE:MATV - Free Report) by 9.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 751,405 shares of the company's stock after acquiring an additional 64,265 shares during the period. Charles Schwab Investment Management Inc. owned about 1.38% of Mativ worth $4,681,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC increased its stake in shares of Mativ by 119.7% during the 1st quarter. GAMMA Investing LLC now owns 4,462 shares of the company's stock worth $28,000 after purchasing an additional 2,431 shares in the last quarter. CWM LLC grew its holdings in Mativ by 707.7% during the 1st quarter. CWM LLC now owns 4,701 shares of the company's stock valued at $29,000 after buying an additional 4,119 shares during the last quarter. US Bancorp DE increased its position in Mativ by 204.2% during the first quarter. US Bancorp DE now owns 5,677 shares of the company's stock worth $35,000 after buying an additional 3,811 shares in the last quarter. QRG Capital Management Inc. acquired a new position in shares of Mativ in the first quarter worth $64,000. Finally, Sherbrooke Park Advisers LLC purchased a new stake in shares of Mativ in the fourth quarter valued at $145,000. Hedge funds and other institutional investors own 94.95% of the company's stock.
Mativ Trading Down 1.9%
MATV stock traded down $0.24 during trading on Tuesday, reaching $12.34. 141,858 shares of the stock traded hands, compared to its average volume of 795,653. The firm has a market capitalization of $674.39 million, a PE ratio of -1.47 and a beta of 0.82. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.37 and a quick ratio of 1.21. The business's 50 day moving average price is $8.70 and its 200-day moving average price is $6.97. Mativ Holdings, Inc. has a 52-week low of $4.34 and a 52-week high of $19.96.
Mativ (NYSE:MATV - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate 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, sell-side analysts forecast that Mativ Holdings, Inc. will post 1.15 earnings per share for the current year.
Mativ Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, August 29th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.40 annualized dividend and a dividend yield of 3.2%. Mativ's dividend payout ratio is presently -4.79%.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Zacks Research upgraded Mativ to a "strong-buy" rating in a research report on Monday, August 11th. Wall Street Zen raised shares of Mativ from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Strong Buy" and a consensus price target of $10.00.
View Our Latest Stock Report on Mativ
Mativ Profile
(
Free Report)
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.
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