XTX Topco Ltd Makes New $1.07 Million Investment in Mativ Holdings, Inc. (NYSE:MATV)

Key Points

• XTX Topco Ltd has invested $1.07 million by purchasing 172,226 shares of Mativ Holdings, Inc. (NYSE: MATV), representing 0.32% of the company's total shares.
• Mativ's CEO, Shruti Singhal, increased her stake in the company by 241.94% after acquiring 40,000 shares at an average price of $5.76.
• Despite Mativ's quarterly revenue of $484.80 million surpassing estimates, the company reported a loss of ($0.14) earnings per share, missing the consensus estimate.

XTX Topco Ltd acquired a new stake in Mativ Holdings, Inc. (NYSE:MATV - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 172,226 shares of the company's stock, valued at approximately $1,073,000. XTX Topco Ltd owned approximately 0.32% of Mativ as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MATV. GAMMA Investing LLC boosted its position in 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 purchasing an additional 2,431 shares during the period. CWM LLC increased its position in Mativ by 707.7% in the 1st 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. Federated Hermes Inc. acquired a new stake in Mativ in the 4th quarter worth approximately $33,000. QRG Capital Management Inc. acquired a new stake in Mativ in the 1st quarter worth approximately $64,000. Finally, Oxford Asset Management LLP bought a new stake in shares of Mativ in the fourth quarter valued at approximately $133,000. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Mativ Price Performance

Shares of NYSE MATV traded up $2.12 during midday trading on Thursday, reaching $8.40. 1,134,274 shares of the company traded hands, compared to its average volume of 787,166. The firm has a market cap of $457.70 million, a PE ratio of -1.02 and a beta of 0.73. The stock's 50-day simple moving average is $6.88 and its 200-day simple moving average is $6.74. Mativ Holdings, Inc. has a 12 month low of $4.34 and a 12 month high of $19.96. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.18 and a current ratio of 2.38.

Mativ (NYSE:MATV - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.03). Mativ had a negative net margin of 22.70% and a positive return on equity of 3.53%. The business had revenue of $484.80 million for the quarter, compared to the consensus estimate of $470.30 million. As a group, equities analysts anticipate that Mativ Holdings, Inc. will post 1.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

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.