SG Americas Securities LLC Takes $328,000 Position in Mativ Holdings, Inc. (NYSE:MATV)

SG Americas Securities LLC bought a new stake in Mativ Holdings, Inc. (NYSE:MATV) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 19,334 shares of the company’s stock, valued at approximately $328,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its position in Mativ by 579.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,713,790 shares of the company’s stock valued at $26,238,000 after buying an additional 1,461,640 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Mativ by 2,139.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 527,633 shares of the company’s stock valued at $9,893,000 after buying an additional 504,071 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in Mativ by 31.4% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,367,428 shares of the company’s stock valued at $25,639,000 after buying an additional 326,560 shares in the last quarter. American Century Companies Inc. increased its position in Mativ by 67.2% during the 2nd quarter. American Century Companies Inc. now owns 749,967 shares of the company’s stock valued at $12,719,000 after buying an additional 301,488 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in Mativ by 3.8% during the 4th quarter. Wellington Management Group LLP now owns 3,583,501 shares of the company’s stock valued at $54,863,000 after buying an additional 130,362 shares in the last quarter. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Mativ Stock Down 2.1 %

MATV stock opened at $16.60 on Friday. Mativ Holdings, Inc. has a twelve month low of $10.78 and a twelve month high of $19.96. The company has a quick ratio of 1.33, a current ratio of 2.46 and a debt-to-equity ratio of 1.28. The firm has a market cap of $901.76 million, a PE ratio of -2.75, a price-to-earnings-growth ratio of 3.39 and a beta of 0.70. The business has a 50 day moving average of $17.64 and a 200 day moving average of $17.56.

Mativ (NYSE:MATV) last posted its earnings results on Wednesday, August 7th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.13. The business had revenue of $523.80 million during the quarter, compared to analyst estimates of $526.50 million. Mativ had a positive return on equity of 5.19% and a negative net margin of 16.55%. During the same quarter last year, the company earned $0.51 EPS. On average, research analysts forecast that Mativ Holdings, Inc. will post 0.82 EPS for the current fiscal year.

Mativ Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 23rd were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Friday, August 23rd. Mativ’s payout ratio is -6.62%.

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.