Sei Investments Co. Purchases 139,822 Shares of Mativ Holdings, Inc. $MATV

Key Points

• Sei Investments increased its Mativ Holdings position by 67.2% in the first quarter, buying 139,822 additional shares to own 347,940 shares valued at approximately $3.03 million. Institutional investors collectively hold 94.95% of MATV.
• Mativ reported quarterly earnings of $0.50 per share, exceeding the $0.28 consensus estimate, while revenue of $531.8 million also topped expectations. Analysts expect full-year earnings of $0.85 per share.
• The company declared a quarterly dividend of $0.10 per share, representing an annualized dividend of $0.40 and a 3.1% yield. Despite the earnings beat, analyst sentiment remains cautious, with an average “Reduce” rating.

Sei Investments Co. lifted its position in Mativ Holdings, Inc. (NYSE:MATV - Free Report) by 67.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 347,940 shares of the company's stock after acquiring an additional 139,822 shares during the quarter. Sei Investments Co. owned 0.63% of Mativ worth $3,027,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in MATV. Dimensional Fund Advisors LP grew its holdings in Mativ by 6.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,317,550 shares of the company's stock valued at $20,162,000 after purchasing an additional 147,577 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Mativ by 3.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,089,594 shares of the company's stock valued at $35,661,000 after buying an additional 138,938 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Mativ by 0.3% in the first quarter. Bank of New York Mellon Corp now owns 491,368 shares of the company's stock worth $4,275,000 after buying an additional 1,311 shares during the period. Barnett & Company Inc. raised its holdings in shares of Mativ by 11.9% in the first quarter. Barnett & Company Inc. now owns 245,377 shares of the company's stock worth $2,135,000 after buying an additional 26,066 shares during the period. Finally, Strs Ohio lifted its stake in shares of Mativ by 357.0% during the 1st quarter. Strs Ohio now owns 69,000 shares of the company's stock worth $600,000 after acquiring an additional 53,900 shares during the last quarter. 94.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on MATV shares. Wall Street Zen cut Mativ from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 2nd. Weiss Ratings upgraded Mativ from a "sell (d-)" rating to a "sell (d+)" rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Mativ has an average rating of "Reduce".

Mativ Stock Up 9.9%

Shares of NYSE MATV opened at $12.84 on Friday. Mativ Holdings, Inc. has a 52-week low of $7.07 and a 52-week high of $15.48. The firm has a market capitalization of $707.58 million, a price-to-earnings ratio of 8.12 and a beta of 0.87. The stock has a 50 day moving average price of $8.16 and a 200 day moving average price of $9.53. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.12 and a current ratio of 1.98.

Mativ (NYSE:MATV - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.28 by $0.22. The company 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%. Sell-side analysts expect that Mativ Holdings, Inc. will post 0.85 earnings per share for the current year.

Mativ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, August 28th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, August 28th. This represents a $0.40 annualized dividend and a dividend yield of 3.1%. Mativ's dividend payout ratio (DPR) is currently 29.85%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source