Empowered Funds LLC Acquires 77,383 Shares of Mativ Holdings, Inc. (NYSE:MATV)

Empowered Funds LLC grew its holdings in Mativ Holdings, Inc. (NYSE:MATV) by 34.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 301,432 shares of the company’s stock after acquiring an additional 77,383 shares during the quarter. Empowered Funds LLC owned 0.55% of Mativ worth $3,286,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of MATV. SG Americas Securities LLC bought a new stake in shares of Mativ in the third quarter worth about $328,000. Creative Planning increased its holdings in shares of Mativ by 17.6% in the third quarter. Creative Planning now owns 15,330 shares of the company’s stock worth $260,000 after acquiring an additional 2,295 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of Mativ in the third quarter worth about $25,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Mativ by 0.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,037,011 shares of the company’s stock worth $68,589,000 after acquiring an additional 25,885 shares in the last quarter. Finally, Radnor Capital Management LLC bought a new stake in shares of Mativ in the third quarter worth about $186,000. 94.95% of the stock is currently owned by institutional investors.

Mativ Stock Down 3.5 %

MATV stock opened at $8.77 on Thursday. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.37 and a quick ratio of 1.29. The stock has a market capitalization of $476.53 million, a P/E ratio of 4.47, a P/E/G ratio of 1.37 and a beta of 0.66. The business has a 50-day moving average of $10.43 and a 200-day moving average of $14.28. Mativ Holdings, Inc. has a fifty-two week low of $8.61 and a fifty-two week high of $19.96.

Analyst Ratings Changes

Separately, Stifel Nicolaus began coverage on Mativ in a research report on Thursday, November 21st. They set a “hold” rating and a $15.50 price objective for the company.

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.