UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 8,146 Shares of Mativ Holdings, Inc. (NYSE:MATV)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in Mativ Holdings, Inc. (NYSE:MATV) by 9.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,216 shares of the company’s stock after selling 8,146 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.14% of Mativ worth $1,295,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MATV. nVerses Capital LLC acquired a new stake in shares of Mativ during the 3rd quarter valued at $25,000. Creative Planning boosted its stake in shares of Mativ by 17.6% during the third quarter. Creative Planning now owns 15,330 shares of the company’s stock valued at $260,000 after purchasing an additional 2,295 shares in the last quarter. FMR LLC boosted its stake in shares of Mativ by 113.3% during 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 in the last quarter. Truvestments Capital LLC bought a new stake in shares of Mativ during the third quarter worth about $82,000. Finally, Barnett & Company Inc. increased its stake in shares of Mativ by 2.9% in the third quarter. Barnett & Company Inc. now owns 194,161 shares of the company’s stock valued at $3,299,000 after buying an additional 5,500 shares during the period. Institutional investors own 94.95% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus began coverage on shares of 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 Performance

Shares of Mativ stock opened at $11.82 on Wednesday. The stock has a market cap of $642.30 million, a price-to-earnings ratio of 6.07, a P/E/G ratio of 3.32 and a beta of 0.64. The company has a quick ratio of 1.29, a current ratio of 2.37 and a debt-to-equity ratio of 1.31. Mativ Holdings, Inc. has a twelve month low of $10.78 and a twelve month high of $19.96. The company’s fifty day moving average is $14.24 and its 200 day moving average is $16.28.

Mativ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date is Friday, November 29th. Mativ’s dividend payout ratio is currently 20.41%.

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.