PDT Partners LLC Buys Shares of 54,279 Mativ Holdings, Inc. $MATV

Key Points

• PDT Partners LLC acquired 54,279 shares of Mativ Holdings, Inc. in the 1st quarter, investing approximately $338,000, representing about 0.10% ownership of the company as detailed in their SEC filing.
• Institutional investors and hedge funds collectively own 94.95% of Mativ's stock, indicating strong institutional interest, with D. E. Shaw & Co. Inc. significantly boosting its position by 85.9%.
• Mativ's stock received upgrades to a "strong-buy" rating from Zacks Research, with a consensus price target of $10.00 and the company reported earnings per share of $0.33 for the last quarter, surpassing estimates.

PDT Partners LLC acquired a new position in shares of Mativ Holdings, Inc. (NYSE:MATV - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 54,279 shares of the company's stock, valued at approximately $338,000. PDT Partners LLC owned 0.10% of Mativ as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of Mativ by 119.7% in the first quarter. GAMMA Investing LLC now owns 4,462 shares of the company's stock worth $28,000 after acquiring an additional 2,431 shares during the last quarter. CWM LLC lifted its holdings in shares of Mativ by 707.7% in the first quarter. CWM LLC now owns 4,701 shares of the company's stock worth $29,000 after acquiring an additional 4,119 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Mativ by 204.2% in the first quarter. US Bancorp DE now owns 5,677 shares of the company's stock worth $35,000 after acquiring an additional 3,811 shares during the last quarter. QRG Capital Management Inc. bought a new position in shares of Mativ in the first quarter worth about $64,000. Finally, FORA Capital LLC bought a new position in shares of Mativ in the first quarter worth about $68,000. Institutional investors own 94.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MATV shares. Wall Street Zen raised shares of Mativ from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Zacks Research raised shares of Mativ to a "strong-buy" rating in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Strong Buy" and a consensus price target of $10.00.

Mativ Trading Down 1.5%

Shares of Mativ stock traded down $0.19 on Wednesday, hitting $12.06. The stock had a trading volume of 28,239 shares, compared to its average volume of 784,851. The stock has a 50 day moving average of $9.36 and a 200 day moving average of $7.14. Mativ Holdings, Inc. has a twelve month low of $4.34 and a twelve month high of $19.96. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.21 and a current ratio of 2.37. The firm has a market capitalization of $659.37 million, a P/E ratio of -1.44 and a beta of 0.83.

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

Mativ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, August 29th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.40 annualized dividend and a dividend yield of 3.3%. Mativ's dividend payout ratio is currently -4.79%.

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.