Man Group plc Purchases New Stake in Mativ Holdings, Inc. $MATV

Key Points

• Man Group plc acquired 203,301 Mativ shares worth approximately $1.54 million, representing about 0.37% of the company. Institutional investors collectively own 94.95% of Mativ.
• Mativ reported quarterly EPS of $0.50, exceeding analyst estimates of $0.28, while revenue reached $531.8 million versus expectations of $508.5 million. The stock recently traded at $12.51, above its 50-day and 200-day moving averages.
• The company declared a quarterly dividend of $0.10 per share, equivalent to an annualized $0.40 payout and a 3.2% yield. Analysts’ consensus rating remains Hold, despite some recent rating upgrades.

Man Group plc acquired a new stake in Mativ Holdings, Inc. (NYSE:MATV - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 203,301 shares of the company's stock, valued at approximately $1,539,000. Man Group plc owned about 0.37% of Mativ at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of Mativ in the 2nd quarter valued at $46,992,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Mativ by 3.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,089,594 shares of the company's stock worth $35,661,000 after buying an additional 138,938 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Mativ by 5.5% during the 4th quarter. Vanguard Group Inc. now owns 3,738,809 shares of the company's stock worth $45,427,000 after buying an additional 194,225 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Mativ by 6.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,317,550 shares of the company's stock valued at $20,162,000 after buying an additional 147,577 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Mativ by 11.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,787,617 shares of the company's stock valued at $21,720,000 after acquiring an additional 188,677 shares during the last quarter. 94.95% of the stock is currently owned by institutional investors.

Mativ Stock Performance

NYSE MATV opened at $12.51 on Thursday. The stock has a fifty day simple moving average of $9.75 and a 200 day simple moving average of $9.39. The company has a quick ratio of 0.95, a current ratio of 1.98 and a debt-to-equity ratio of 2.09. The company has a market capitalization of $689.61 million, a price-to-earnings ratio of 7.92 and a beta of 0.93. Mativ Holdings, Inc. has a twelve month low of $7.07 and a twelve month high of $15.48.

Mativ (NYSE:MATV - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.22. Mativ had a net margin of 4.50% and a return on equity of 13.53%. The business had revenue of $531.80 million for the quarter, compared to analysts' expectations of $508.50 million. Sell-side analysts expect that Mativ Holdings, Inc. will post 0.97 EPS for the current year.

Mativ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, August 28th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, August 28th. This represents a $0.40 annualized dividend and a yield of 3.2%. Mativ's payout ratio is 25.32%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Weiss Ratings raised shares of Mativ from a "sell (d+)" rating to a "hold (c)" rating in a report on Friday, August 21st. Wall Street Zen upgraded shares of Mativ from a "buy" rating to a "strong-buy" rating in a research report on Monday, August 10th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of "Hold".

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.

Want to see what other hedge funds are holding MATV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mativ Holdings, Inc. (NYSE:MATV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.