Mativ Holdings, Inc. (NYSE:MATV) Shares Sold by LSV Asset Management

LSV Asset Management lowered its stake in shares of Mativ Holdings, Inc. (NYSE:MATV - Free Report) by 55.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 216,400 shares of the company's stock after selling 268,763 shares during the quarter. LSV Asset Management owned approximately 0.40% of Mativ worth $3,313,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of MATV. Vanguard Group Inc. boosted its holdings in shares of Mativ by 0.9% in the third quarter. Vanguard Group Inc. now owns 6,522,582 shares of the company's stock valued at $93,012,000 after acquiring an additional 56,774 shares during the period. Allspring Global Investments Holdings LLC grew its position in Mativ by 1.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,132,265 shares of the company's stock worth $63,265,000 after purchasing an additional 56,983 shares during the last quarter. Rubric Capital Management LP increased its stake in Mativ by 16.4% in the third quarter. Rubric Capital Management LP now owns 4,000,000 shares of the company's stock valued at $57,040,000 after purchasing an additional 562,422 shares during the period. Wellington Management Group LLP raised its holdings in shares of Mativ by 23.9% in the third quarter. Wellington Management Group LLP now owns 3,453,139 shares of the company's stock valued at $49,242,000 after buying an additional 665,352 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in shares of Mativ by 3.7% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,040,868 shares of the company's stock worth $15,935,000 after buying an additional 37,440 shares during the period. Hedge funds and other institutional investors own 94.95% of the company's stock.

Mativ Stock Performance

Shares of NYSE MATV traded down $0.05 during midday trading on Thursday, reaching $18.48. 452,197 shares of the company were exchanged, compared to its average volume of 465,043. The stock has a fifty day simple moving average of $18.03 and a 200 day simple moving average of $15.04. The company has a current ratio of 2.53, a quick ratio of 1.28 and a debt-to-equity ratio of 1.18. The stock has a market cap of $1.00 billion, a P/E ratio of -3.01, a PEG ratio of 2.03 and a beta of 0.75. Mativ Holdings, Inc. has a 1 year low of $10.78 and a 1 year high of $19.02.

Mativ (NYSE:MATV - Get Free Report) last released its earnings results on Wednesday, February 21st. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.07. Mativ had a positive return on equity of 6.70% and a negative net margin of 13.47%. The business had revenue of $452.30 million for the quarter, compared to analyst estimates of $472.10 million. On average, research analysts forecast that Mativ Holdings, Inc. will post 1.5 earnings per share for the current fiscal year.

Mativ Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 24th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.16%. Mativ's dividend payout ratio (DPR) is -7.07%.

Insider Activity at Mativ

In other Mativ news, Director Jeffrey Keenan bought 3,000 shares of Mativ stock in a transaction on Monday, February 26th. The stock was bought at an average price of $16.06 per share, with a total value of $48,180.00. Following the completion of the acquisition, the director now owns 312,000 shares in the company, valued at $5,010,720. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.01% of the stock is owned by insiders.

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.