AlphaQuest LLC Grows Stake in Mativ Holdings, Inc. (NYSE:MATV)

AlphaQuest LLC raised its stake in Mativ Holdings, Inc. (NYSE:MATV) by 20,544.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,974 shares of the company’s stock after purchasing an additional 11,916 shares during the quarter. AlphaQuest LLC’s holdings in Mativ were worth $131,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Point72 DIFC Ltd purchased a new position in Mativ in the third quarter valued at about $35,000. KBC Group NV raised its position in Mativ by 93.2% in the fourth quarter. KBC Group NV now owns 4,787 shares of the company’s stock valued at $52,000 after purchasing an additional 2,309 shares during the period. Truvestments Capital LLC purchased a new position in Mativ in the third quarter valued at about $82,000. FMR LLC raised its position in Mativ by 113.3% in the third quarter. FMR LLC now owns 7,716 shares of the company’s stock valued at $131,000 after purchasing an additional 4,098 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Mativ during the third quarter worth about $146,000. 94.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus assumed coverage on Mativ in a research report on Thursday, November 21st. They set a “hold” rating and a $15.50 target price on the stock.

Mativ Stock Up 1.5 %

Shares of NYSE MATV opened at $6.16 on Tuesday. Mativ Holdings, Inc. has a 1 year low of $5.10 and a 1 year high of $19.96. The firm has a market cap of $335.94 million, a price-to-earnings ratio of -6.85, a PEG ratio of 1.08 and a beta of 0.72. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.29 and a current ratio of 2.40. The stock’s 50-day simple moving average is $8.54 and its 200-day simple moving average is $12.62.

Mativ (NYSE:MATV) last announced its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.17). Mativ had a positive return on equity of 3.86% and a negative net margin of 2.46%. The business had revenue of $458.60 million for the quarter, compared to analysts’ expectations of $472.70 million. As a group, equities analysts anticipate that Mativ Holdings, Inc. will post 1.15 earnings per share for the current fiscal year.

Mativ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.10 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.40 dividend on an annualized basis and a yield of 6.49%. Mativ’s dividend payout ratio (DPR) is -44.44%.

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.