Squarepoint Ops LLC Has $747,000 Holdings in Mativ Holdings, Inc. (NYSE:MATV)

Squarepoint Ops LLC boosted its holdings in shares of Mativ Holdings, Inc. (NYSE:MATV - Free Report) by 477.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,542 shares of the company's stock after buying an additional 56,665 shares during the quarter. Squarepoint Ops LLC owned about 0.13% of Mativ worth $747,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. KBC Group NV increased its holdings in shares of Mativ by 93.2% during the 4th quarter. KBC Group NV now owns 4,787 shares of the company's stock valued at $52,000 after acquiring an additional 2,309 shares during the last quarter. Empowered Funds LLC grew its holdings in Mativ by 34.5% during the fourth quarter. Empowered Funds LLC now owns 301,432 shares of the company's stock valued at $3,286,000 after purchasing an additional 77,383 shares during the last quarter. New York State Teachers Retirement System raised its position in shares of Mativ by 7.0% in the fourth quarter. New York State Teachers Retirement System now owns 100,039 shares of the company's stock valued at $1,090,000 after purchasing an additional 6,518 shares during the period. Rhumbline Advisers lifted its stake in shares of Mativ by 1.0% in the fourth quarter. Rhumbline Advisers now owns 169,976 shares of the company's stock worth $1,853,000 after buying an additional 1,649 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Mativ by 2.8% during the 4th quarter. Principal Financial Group Inc. now owns 270,460 shares of the company's stock worth $2,948,000 after buying an additional 7,476 shares during the period. 94.95% of the stock is currently owned by institutional investors.

Mativ Stock Performance

Shares of NYSE:MATV traded up $0.09 during midday trading on Thursday, hitting $6.58. The company's stock had a trading volume of 232,083 shares, compared to its average volume of 601,557. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.29 and a current ratio of 2.40. The stock's 50 day simple moving average is $5.43 and its 200 day simple moving average is $8.18. The stock has a market capitalization of $358.46 million, a price-to-earnings ratio of -7.30, a PEG ratio of 1.08 and a beta of 0.68. Mativ Holdings, Inc. has a fifty-two week low of $4.34 and a fifty-two week high of $19.96.

Mativ (NYSE:MATV - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.03). Mativ had a negative net margin of 2.46% and a positive return on equity of 3.86%. The business had revenue of $484.80 million during the quarter, compared to analyst estimates of $470.30 million. As a group, research analysts anticipate that Mativ Holdings, Inc. will post 1.15 earnings per share for the current year.

Mativ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 23rd will be given a $0.10 dividend. The ex-dividend date is Friday, May 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.08%. Mativ's dividend payout ratio is currently -4.88%.

Analysts Set New Price Targets

Separately, Stifel Nicolaus upgraded shares of Mativ from a "hold" rating to a "buy" rating and dropped their target price for the stock from $15.50 to $10.00 in a report on Monday, March 24th.

Insider Transactions at Mativ

In other news, CEO Shruti Singhal bought 40,000 shares of Mativ stock in a transaction dated Thursday, May 29th. The shares were bought at an average price of $5.76 per share, for a total transaction of $230,400.00. Following the purchase, the chief executive officer now owns 56,533 shares of the company's stock, valued at approximately $325,630.08. This trade represents a 241.94% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kimberly E. Ritrievi purchased 10,000 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The shares were acquired at an average cost of $5.88 per share, with a total value of $58,800.00. Following the completion of the acquisition, the director now directly owns 30,640 shares in the company, valued at approximately $180,163.20. This represents a 48.45% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.01% of the stock is owned by insiders.

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.