Mativ Holdings, Inc. (NYSE:MATV) Shares Purchased by Barclays PLC

Barclays PLC raised its holdings in Mativ Holdings, Inc. (NYSE:MATV) by 227.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 102,836 shares of the company’s stock after purchasing an additional 71,436 shares during the quarter. Barclays PLC owned 0.19% of Mativ worth $1,748,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. nVerses Capital LLC acquired a new stake in shares of Mativ in the third quarter valued at about $25,000. Point72 DIFC Ltd purchased a new position in Mativ in the third quarter valued at about $35,000. Truvestments Capital LLC acquired a new stake in shares of Mativ during the 3rd quarter valued at approximately $82,000. FMR LLC boosted its stake in shares of Mativ by 113.3% during the 3rd quarter. FMR LLC now owns 7,716 shares of the company’s stock worth $131,000 after acquiring an additional 4,098 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Mativ in the 3rd quarter worth approximately $146,000. Institutional investors and hedge funds own 94.95% of the company’s stock.

Mativ Trading Down 1.8 %

NYSE:MATV opened at $10.98 on Friday. The company has a market capitalization of $596.61 million, a PE ratio of 5.60, 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 stock has a fifty day simple moving average of $13.40 and a 200-day simple moving average of $15.97. 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 Dividend Announcement

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. This represents a $0.40 annualized dividend and a dividend yield of 3.64%. The ex-dividend date was Friday, November 29th. Mativ’s dividend payout ratio (DPR) is presently 20.41%.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus began coverage on Mativ in a report on Thursday, November 21st. They set a “hold” rating and a $15.50 price objective for the company.

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.