Invesco Ltd. Has $1.83 Million Stock Holdings in Mativ Holdings, Inc. $MATV

Key Points

• Invesco Ltd. has significantly reduced its shareholding in Mativ Holdings, Inc. by 68.9% during the first quarter, now owning 293,395 shares valued at approximately $1.83 million.
• Mativ recently reported quarterly earnings of $0.33 EPS, exceeding estimates, with a revenue of $525.4 million compared to an anticipated $505 million.
• The company declared a quarterly dividend of $0.10 per share, representing a 3.2% annualized yield, with the ex-dividend date set for August 29th.

Invesco Ltd. cut its position in shares of Mativ Holdings, Inc. (NYSE:MATV - Free Report) by 68.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 293,395 shares of the company's stock after selling 650,376 shares during the quarter. Invesco Ltd. owned 0.54% of Mativ worth $1,828,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MATV. GAMMA Investing LLC lifted its stake in Mativ by 119.7% during the first quarter. GAMMA Investing LLC now owns 4,462 shares of the company's stock valued at $28,000 after buying an additional 2,431 shares in the last quarter. CWM LLC lifted its stake in Mativ by 707.7% during the first quarter. CWM LLC now owns 4,701 shares of the company's stock valued at $29,000 after buying an additional 4,119 shares in the last quarter. US Bancorp DE lifted its stake in Mativ by 204.2% during the first quarter. US Bancorp DE now owns 5,677 shares of the company's stock valued at $35,000 after buying an additional 3,811 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in Mativ during the first quarter valued at about $64,000. Finally, Sherbrooke Park Advisers LLC acquired a new position in shares of Mativ in the 4th quarter valued at about $145,000. 94.95% of the stock is owned by hedge funds and other institutional investors.

Mativ Stock Down 1.8%

NYSE:MATV traded down $0.22 during mid-day trading on Thursday, reaching $11.97. The stock had a trading volume of 133,678 shares, compared to its average volume of 792,635. The business's 50 day moving average is $8.93 and its 200 day moving average is $7.04. Mativ Holdings, Inc. has a fifty-two week low of $4.34 and a fifty-two week high of $19.96. The stock has a market cap of $654.13 million, a P/E ratio of -1.43 and a beta of 0.83. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.37 and a quick ratio of 1.21.

Mativ (NYSE:MATV - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.33 EPS for the quarter, topping 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 firm had revenue of $525.40 million for the quarter, compared to the consensus estimate of $505.00 million. As a group, sell-side analysts predict that Mativ Holdings, Inc. will post 1.15 earnings per share for the current year.

Mativ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, August 29th. Mativ's dividend payout ratio (DPR) is -4.79%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MATV. Zacks Research upgraded Mativ to a "strong-buy" rating in a report on Monday, August 11th. Wall Street Zen upgraded Mativ from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Strong Buy" and a consensus target price of $10.00.

Mativ Company 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.