LSV Asset Management Cuts Position in Mativ Holdings, Inc. (NYSE:MATV)

LSV Asset Management reduced its stake in shares of Mativ Holdings, Inc. (NYSE:MATV) by 55.4% in the fourth quarter, HoldingsChannel reports. The firm owned 216,400 shares of the company’s stock after selling 268,763 shares during the period. LSV Asset Management’s holdings in Mativ were worth $3,313,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new stake in shares of Mativ during the fourth quarter valued at about $101,000. PNC Financial Services Group Inc. lifted its position in Mativ by 264.1% during the third quarter. PNC Financial Services Group Inc. now owns 6,940 shares of the company’s stock valued at $99,000 after acquiring an additional 5,034 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Mativ in the third quarter valued at approximately $173,000. Raymond James & Associates acquired a new position in shares of Mativ during the fourth quarter worth $221,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Mativ by 55.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,634 shares of the company’s stock valued at $255,000 after purchasing an additional 5,903 shares during the last quarter. Institutional investors own 94.95% of the company’s stock.

Insider Buying and Selling at Mativ

In other Mativ news, Director Jeffrey Keenan bought 3,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were purchased at an average cost of $16.06 per share, for a total transaction of $48,180.00. Following the transaction, the director now directly owns 312,000 shares of the company’s stock, valued at $5,010,720. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 2.01% of the stock is owned by corporate insiders.

Mativ Stock Up 2.1 %

Shares of MATV stock opened at $18.53 on Thursday. The stock’s fifty day moving average price is $18.03 and its 200 day moving average price is $15.04. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.53 and a quick ratio of 1.28. Mativ Holdings, Inc. has a 1-year low of $10.78 and a 1-year high of $19.02. The company has a market cap of $1.01 billion, a price-to-earnings ratio of -3.27, a price-to-earnings-growth ratio of 2.03 and a beta of 0.75.

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

Mativ Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.40 dividend on an annualized basis and a yield of 2.16%. Mativ’s dividend payout ratio is presently -7.07%.

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.