Rhumbline Advisers Has $515,000 Position in Mativ Holdings, Inc. $MATV

Key Points

• Rhumbline Advisers reduced its stake in Mativ Holdings by 51.4%, owning 82,688 shares valued at approximately $515,000 as of its latest SEC filing.
• In recent trading sessions, Mativ has experienced a 3.8% decrease in share price, with current trading at $11.73 and a market cap of $641.33 million.
• Mativ announced a quarterly dividend of $0.10 per share, reflecting an annualized yield of 3.4%, to be paid on September 26th.

Rhumbline Advisers lowered its stake in shares of Mativ Holdings, Inc. (NYSE:MATV - Free Report) by 51.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 82,688 shares of the company's stock after selling 87,288 shares during the period. Rhumbline Advisers owned about 0.15% of Mativ worth $515,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake 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 buying an additional 2,431 shares during the period. ProShare Advisors LLC boosted its stake 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 buying an additional 5,007 shares during the period. QRG Capital Management Inc. acquired a new stake in shares of Mativ during the 1st quarter valued at $64,000. Hsbc Holdings PLC boosted its stake in shares of Mativ by 61.2% during the 1st quarter. Hsbc Holdings PLC now owns 38,828 shares of the company's stock valued at $242,000 after buying an additional 14,734 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Mativ by 24.3% during 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 valued at $1,033,000 after buying an additional 18,531 shares during the period. Institutional investors and hedge funds own 94.95% of the company's stock.

Wall Street Analyst Weigh In

MATV has been the subject of a number of research reports. Zacks Research raised shares of Mativ to a "strong-buy" rating in a research note on Monday, August 11th. Wall Street Zen raised shares of Mativ from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, Mativ presently has a consensus rating of "Strong Buy" and a consensus price target of $10.00.

Mativ Trading Down 3.8%

Shares of NYSE:MATV opened at $11.73 on Wednesday. The company has a market cap of $641.33 million, a P/E ratio of -1.40 and a beta of 0.83. The stock's 50-day moving average is $10.32 and its 200-day moving average is $7.52. Mativ Holdings, Inc. has a 52-week low of $4.34 and a 52-week high of $18.00. 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 (NYSE:MATV - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $525.40 million for the quarter, compared to the consensus estimate of $505.00 million. Mativ had a positive return on equity of 4.12% and a negative net margin of 23.09%. Equities research analysts predict that Mativ Holdings, Inc. will post 1.15 earnings per share for the current year.

Mativ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, August 29th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, August 29th. Mativ's dividend payout ratio (DPR) is currently -4.79%.

About Mativ

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.

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