Tudor Investment Corp ET AL Takes Position in Mativ Holdings, Inc. (NYSE:MATV)

Tudor Investment Corp ET AL purchased a new position in shares of Mativ Holdings, Inc. (NYSE:MATV - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 171,016 shares of the company's stock, valued at approximately $1,864,000. Tudor Investment Corp ET AL owned 0.31% of Mativ at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of MATV. Oxford Asset Management LLP acquired a new position in shares of Mativ in the fourth quarter valued at approximately $133,000. Voya Investment Management LLC lifted its stake in shares of Mativ by 64.8% in the 4th quarter. Voya Investment Management LLC now owns 40,452 shares of the company's stock worth $441,000 after acquiring an additional 15,909 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Mativ by 23.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 21,763 shares of the company's stock valued at $238,000 after acquiring an additional 4,083 shares in the last quarter. State of Tennessee Department of Treasury increased its stake in shares of Mativ by 89.3% during the fourth quarter. State of Tennessee Department of Treasury now owns 26,778 shares of the company's stock worth $292,000 after acquiring an additional 12,630 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in Mativ by 178.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 32,922 shares of the company's stock valued at $359,000 after purchasing an additional 21,087 shares in the last quarter. 94.95% of the stock is owned by hedge funds and other institutional investors.

Mativ Price Performance

Shares of MATV stock traded up $0.17 during midday trading on Friday, reaching $5.65. 476,428 shares of the company traded hands, compared to its average volume of 588,052. The firm's 50 day simple moving average is $5.61 and its two-hundred day simple moving average is $9.21. The firm has a market cap of $308.03 million, a PE ratio of -6.28, a price-to-earnings-growth ratio of 1.08 and a beta of 0.61. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.40 and a quick ratio of 1.29. Mativ Holdings, Inc. has a 1-year low of $4.34 and a 1-year high of $19.96.

Mativ (NYSE:MATV - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.03). The firm had revenue of $484.80 million for the quarter, compared to analyst estimates of $470.30 million. Mativ had a positive return on equity of 3.86% and a negative net margin of 2.46%. On average, equities research analysts expect that Mativ Holdings, Inc. will post 1.15 EPS for the current fiscal year.

Mativ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 7.08%. The ex-dividend date of this dividend is Friday, May 23rd. Mativ's payout ratio is currently -4.88%.

Analysts Set New Price Targets

Separately, Stifel Nicolaus raised Mativ from a "hold" rating to a "buy" rating and reduced their target price for the company from $15.50 to $10.00 in a report on Monday, March 24th.

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.