JPMorgan Chase & Co. Increases Position in Mativ Holdings, Inc. $MATV

Key Points

• JPMorgan Chase & Co. raised its stake in Mativ by 116.9% in Q3 to 1,222,212 shares, now owning 2.24% of the company (worth about $13.8 million).
• Mativ posted an EPS beat of $0.15 versus $0.09 consensus but missed revenue expectations and still shows a negative net margin, while paying a quarterly dividend of $0.10 (a 4.7% yield).
• The stock trades with a market cap of about $467 million and a negative P/E, opened at $8.51 (12‑month range $4.34–$15.48), and has a Wall Street consensus of "Reduce" amid ~95% institutional ownership.

JPMorgan Chase & Co. raised its holdings in shares of Mativ Holdings, Inc. (NYSE:MATV - Free Report) by 116.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,222,212 shares of the company's stock after purchasing an additional 658,748 shares during the period. JPMorgan Chase & Co. owned 2.24% of Mativ worth $13,823,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in Mativ by 50.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,617 shares of the company's stock valued at $30,000 after buying an additional 873 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Mativ in the third quarter worth $30,000. Cullen Frost Bankers Inc. bought a new position in shares of Mativ during the third quarter valued at $36,000. Osaic Holdings Inc. raised its position in shares of Mativ by 939.9% in the 2nd quarter. Osaic Holdings Inc. now owns 11,668 shares of the company's stock worth $80,000 after purchasing an additional 10,546 shares during the last quarter. Finally, Strs Ohio purchased a new position in shares of Mativ in the 3rd quarter worth about $83,000. 94.95% of the stock is owned by institutional investors.

Mativ Stock Down 2.7%

Mativ stock opened at $8.51 on Friday. The firm has a market cap of $466.72 million, a price-to-earnings ratio of -1.36 and a beta of 0.80. The stock has a fifty day simple moving average of $11.40 and a two-hundred day simple moving average of $11.75. Mativ Holdings, Inc. has a 12 month low of $4.34 and a 12 month high of $15.48. The company has a current ratio of 2.24, a quick ratio of 1.08 and a debt-to-equity ratio of 2.07.

Mativ (NYSE:MATV - Get Free Report) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.06. Mativ had a positive return on equity of 9.79% and a negative net margin of 16.98%.The firm had revenue of $463.10 million for the quarter, compared to the consensus estimate of $469.55 million. Equities analysts predict that Mativ Holdings, Inc. will post 1.15 EPS for the current fiscal year.

Mativ Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, March 13th. This represents a $0.40 annualized dividend and a yield of 4.7%. Mativ's dividend payout ratio is currently -6.39%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "sell (d)" rating on shares of Mativ in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Mativ presently has a consensus rating of "Reduce".

Mativ Company Profile

Mativ is a global supplier of specialty fiber-based materials and engineered solutions, established in April 2021 through the spin-off of Ahlstrom-Munksjö’s global filtration and engineered materials business. Trading on the New York Stock Exchange under the ticker MATV, the company focuses on designing and manufacturing high-performance products for a broad range of end markets, including life sciences, energy storage, industrial filtration, and consumer products.

Through its Advanced Solutions segment, Mativ produces innovative materials such as lithium-ion battery separators, specialty release liners, and pressure-sensitive adhesive tapes.

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