Nisa Investment Advisors LLC Decreases Position in Mativ Holdings, Inc. (NYSE:MATV)

Nisa Investment Advisors LLC reduced its stake in Mativ Holdings, Inc. (NYSE:MATV) by 14.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,305 shares of the company’s stock after selling 3,646 shares during the period. Nisa Investment Advisors LLC’s holdings in Mativ were worth $243,000 as of its most recent SEC filing.

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

Mativ Stock Up 1.8 %

Shares of NYSE:MATV opened at $9.61 on Thursday. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.37 and a quick ratio of 1.29. The stock has a market cap of $522.26 million, a P/E ratio of 4.90, a P/E/G ratio of 1.38 and a beta of 0.68. Mativ Holdings, Inc. has a 1-year low of $9.21 and a 1-year high of $19.96. The firm has a fifty day moving average price of $11.24 and a 200 day moving average price of $14.85.

Mativ (NYSE:MATV) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.05). The company had revenue of $498.50 million for the quarter, compared to analysts’ expectations of $523.80 million. Mativ had a return on equity of 4.88% and a net margin of 5.44%. During the same period in the prior year, the business earned $0.21 EPS. Sell-side analysts predict that Mativ Holdings, Inc. will post 0.6 EPS for the current year.

Mativ Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 4.16%. The ex-dividend date was Friday, November 29th. Mativ’s dividend payout ratio is presently 20.41%.

Wall Street Analyst Weigh In

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

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.