Charles Schwab Investment Management Inc. Reduces Stock Position in Mativ Holdings, Inc. (NYSE:MATV)

Charles Schwab Investment Management Inc. lessened its stake in Mativ Holdings, Inc. (NYSE:MATVFree Report) by 12.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 853,340 shares of the company’s stock after selling 116,303 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.57% of Mativ worth $14,498,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. lifted its holdings in Mativ by 67.2% in the second quarter. American Century Companies Inc. now owns 749,967 shares of the company’s stock valued at $12,719,000 after acquiring an additional 301,488 shares during the period. Vaughan Nelson Investment Management L.P. grew its position in Mativ by 12.9% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,544,028 shares of the company’s stock valued at $26,187,000 after buying an additional 176,600 shares during the period. Dimensional Fund Advisors LP raised its position in Mativ by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,154,818 shares of the company’s stock worth $36,546,000 after acquiring an additional 52,858 shares during the period. Rothschild Investment LLC purchased a new position in shares of Mativ during the 2nd quarter worth $869,000. Finally, AQR Capital Management LLC bought a new stake in shares of Mativ during the 2nd quarter valued at $778,000. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Mativ Trading Down 1.5 %

Shares of NYSE:MATV opened at $12.13 on Monday. The stock has a 50 day moving average of $14.75 and a 200 day moving average of $16.55. The company has a market cap of $659.14 million, a PE ratio of 6.19, a price-to-earnings-growth ratio of 3.53 and a beta of 0.64. Mativ Holdings, Inc. has a 12-month low of $10.78 and a 12-month high of $19.96. The company has a current ratio of 2.37, a quick ratio of 1.29 and a debt-to-equity ratio of 1.31.

Mativ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 3.30%. Mativ’s dividend payout ratio is presently 20.41%.

Analyst Ratings Changes

Separately, Stifel Nicolaus initiated 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.

Get Our Latest Stock Analysis on MATV

Mativ Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mativ (NYSE:MATV)

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