Mativ Holdings, Inc. $MATV Stock Position Decreased by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP reduced its stake in Mativ Holdings, Inc. by 56.1%, currently owning 939,970 shares worth approximately $5.86 million after selling over 1.2 million shares in the first quarter.
• Several hedge funds have increased their positions in Mativ, with GAMMA Investing LLC growing its stake by 119.7% and US Bancorp DE raising its position by 204.2% in the same period.
• Mativ recently declared a quarterly dividend of $0.10 per share, with a yield of 3.2% and a negative dividend payout ratio of -4.79%.

Wellington Management Group LLP decreased its holdings in shares of Mativ Holdings, Inc. (NYSE:MATV - Free Report) by 56.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 939,970 shares of the company's stock after selling 1,200,866 shares during the quarter. Wellington Management Group LLP owned about 1.72% of Mativ worth $5,856,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of Mativ by 119.7% during the 1st quarter. GAMMA Investing LLC now owns 4,462 shares of the company's stock valued at $28,000 after acquiring an additional 2,431 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of Mativ by 44.4% during the 4th quarter. ProShare Advisors LLC now owns 16,276 shares of the company's stock valued at $177,000 after acquiring an additional 5,007 shares in the last quarter. Barclays PLC lifted its holdings in shares of Mativ by 6.6% during the 4th quarter. Barclays PLC now owns 109,630 shares of the company's stock valued at $1,195,000 after acquiring an additional 6,794 shares in the last quarter. QRG Capital Management Inc. acquired a new position in Mativ in the 1st quarter worth $64,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Mativ by 24.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 94,747 shares of the company's stock worth $1,033,000 after buying an additional 18,531 shares in the last quarter. Institutional investors and hedge funds own 94.95% of the company's stock.

Mativ Stock Up 2.2%

Shares of Mativ stock traded up $0.27 during trading on Friday, reaching $12.59. The company had a trading volume of 753,839 shares, compared to its average volume of 836,628. The company has a market cap of $688.46 million, a price-to-earnings ratio of 27.93 and a beta of 0.82. The firm's fifty day moving average is $8.57 and its 200-day moving average is $6.94. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.21 and a current ratio of 2.37. Mativ Holdings, Inc. has a fifty-two week low of $4.34 and a fifty-two week high of $19.96.

Mativ (NYSE:MATV - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 negative net margin of 23.09% and a positive return on equity of 4.12%. On average, analysts anticipate that Mativ Holdings, Inc. will post 1.15 EPS for the current year.

Mativ Announces Dividend

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

Analyst Ratings Changes

MATV has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Mativ from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Zacks Research upgraded shares of Mativ to a "strong-buy" rating in a report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Strong Buy" and a consensus target price 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.