PDT Partners LLC Takes $1.53 Million Position in Mativ Holdings, Inc. $MATV

Key Points

• PDT Partners LLC acquired 202,098 shares of Mativ Holdings in the second quarter, worth approximately $1.53 million and representing about 0.37% of the company. Institutional investors and hedge funds collectively own 94.95% of Mativ.
• Mativ exceeded quarterly expectations, reporting $0.50 in EPS versus the $0.28 consensus estimate and revenue of $531.8 million compared with the $508.5 million forecast.
• The company declared a quarterly dividend of $0.10 per share, equivalent to an annualized $0.40 payout and a 3.3% yield. Analysts maintain a consensus “Hold” rating, despite some recent rating upgrades.

PDT Partners LLC purchased a new position in shares of Mativ Holdings, Inc. (NYSE:MATV - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 202,098 shares of the company's stock, valued at approximately $1,530,000. PDT Partners LLC owned about 0.37% of Mativ at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Rockefeller Capital Management L.P. boosted its holdings in Mativ by 1,082.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,364 shares of the company's stock worth $29,000 after buying an additional 2,164 shares during the last quarter. Advisory Services Network LLC bought a new position in Mativ during the 3rd quarter worth approximately $30,000. California State Teachers Retirement System grew its holdings in Mativ by 167.2% during the fourth quarter. California State Teachers Retirement System now owns 3,327 shares of the company's stock valued at $40,000 after purchasing an additional 2,082 shares during the period. Cullen Frost Bankers Inc. grew its holdings in Mativ by 26.0% during the fourth quarter. Cullen Frost Bankers Inc. now owns 3,961 shares of the company's stock valued at $48,000 after purchasing an additional 818 shares during the period. Finally, CANADA LIFE ASSURANCE Co acquired a new stake in Mativ in the fourth quarter worth $77,000. 94.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Mativ Price Performance

Shares of NYSE MATV opened at $12.25 on Thursday. The company has a fifty day moving average price of $9.33 and a 200 day moving average price of $9.47. The firm has a market cap of $675.22 million, a PE ratio of 7.75 and a beta of 0.87. The company has a current ratio of 1.98, a quick ratio of 0.95 and a debt-to-equity ratio of 2.09. Mativ Holdings, Inc. has a 1-year low of $7.07 and a 1-year high of $15.48.

Mativ (NYSE:MATV - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.22. The firm had revenue of $531.80 million for the quarter, compared to the consensus estimate of $508.50 million. Mativ had a return on equity of 13.53% and a net margin of 4.50%. Research analysts predict that Mativ Holdings, Inc. will post 0.97 earnings per share for the current fiscal year.

Mativ Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, August 28th will be paid a $0.10 dividend. The ex-dividend date is Friday, August 28th. This represents a $0.40 annualized dividend and a yield of 3.3%. Mativ's payout ratio is presently 25.32%.

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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