Jane Street Group LLC Sells 291,606 Shares of Mativ Holdings, Inc. (NYSE:MATV)

Jane Street Group LLC decreased its holdings in shares of Mativ Holdings, Inc. (NYSE:MATV) by 73.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 107,519 shares of the company’s stock after selling 291,606 shares during the quarter. Jane Street Group LLC owned about 0.20% of Mativ worth $1,827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. nVerses Capital LLC bought a new stake in shares of Mativ during the 3rd quarter valued at $25,000. Point72 DIFC Ltd purchased a new position in Mativ during the 3rd quarter valued at about $35,000. Creative Planning increased its position 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 buying an additional 2,295 shares during the period. FMR LLC lifted its holdings in shares of Mativ by 113.3% in the third quarter. FMR LLC now owns 7,716 shares of the company’s stock worth $131,000 after buying an additional 4,098 shares in the last quarter. Finally, Truvestments Capital LLC bought a new position in shares of Mativ in the third quarter valued at approximately $82,000. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Mativ Trading Down 1.9 %

Shares of MATV stock opened at $11.12 on Thursday. The company has a market capitalization of $604.22 million, a PE ratio of 5.67, a price-to-earnings-growth ratio of 3.32 and a beta of 0.64. Mativ Holdings, Inc. has a 52-week low of $10.78 and a 52-week high of $19.96. The business’s fifty day moving average is $13.64 and its 200 day moving average is $16.04. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.29 and a current ratio of 2.37.

Mativ Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 3.60%. Mativ’s payout ratio is currently 20.41%.

Analyst Ratings Changes

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

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.