Quantbot Technologies LP Has $593,000 Holdings in Mativ Holdings, Inc. $MATV

Key Points

• Quantbot Technologies LP increased its stake in Mativ Holdings by 748.5% during the first quarter, now holding 95,179 shares valued at approximately $593,000.
• Mativ announced a quarterly dividend of $0.10 per share, representing a 3.3% yield, payable on September 26th to shareholders of record on August 29th.
• Mativ received upgrades from analysts, with Zacks Research and Wall Street Zen rating the stock as a "strong-buy" or "buy." The consensus target price is $10.00.

Quantbot Technologies LP raised its holdings in Mativ Holdings, Inc. (NYSE:MATV - Free Report) by 748.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 95,179 shares of the company's stock after acquiring an additional 83,962 shares during the period. Quantbot Technologies LP owned 0.17% of Mativ worth $593,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC increased 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 worth $28,000 after buying an additional 2,431 shares during the last quarter. CWM LLC lifted its position in shares of Mativ by 707.7% during the first quarter. CWM LLC now owns 4,701 shares of the company's stock worth $29,000 after purchasing an additional 4,119 shares during the last quarter. US Bancorp DE lifted its position in shares of Mativ by 204.2% during the first quarter. US Bancorp DE now owns 5,677 shares of the company's stock worth $35,000 after purchasing an additional 3,811 shares during the last quarter. QRG Capital Management Inc. bought a new position in shares of Mativ during the first quarter worth about $64,000. Finally, Fox Run Management L.L.C. acquired a new stake in Mativ during the first quarter worth about $122,000. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Mativ Price Performance

Shares of NYSE MATV traded up $0.06 during mid-day trading on Thursday, reaching $12.38. 913,318 shares of the company traded hands, compared to its average volume of 800,710. Mativ Holdings, Inc. has a fifty-two week low of $4.34 and a fifty-two week high of $19.96. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.37 and a quick ratio of 1.21. The firm has a market cap of $676.81 million, a PE ratio of -1.48 and a beta of 0.73. The stock has a fifty day simple moving average of $8.45 and a 200-day simple moving average of $6.94.

Mativ (NYSE:MATV - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.15. The firm 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%. Equities research analysts anticipate that Mativ Holdings, Inc. will post 1.15 EPS for the current fiscal year.

Mativ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders 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 dividend yield of 3.2%. The ex-dividend date is Friday, August 29th. Mativ's payout ratio is currently -4.79%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Mativ from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Zacks Research upgraded shares of Mativ to a "strong-buy" rating in a research note on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Strong Buy" and an average price target 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.