Mativ Holdings, Inc. (NYSE:MATV) Shares Acquired by Fmr LLC

Fmr LLC boosted its position in Mativ Holdings, Inc. (NYSE:MATV) by 113.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,716 shares of the company’s stock after buying an additional 4,098 shares during the quarter. Fmr LLC’s holdings in Mativ were worth $131,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Mativ by 0.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,037,011 shares of the company’s stock valued at $68,589,000 after buying an additional 25,885 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Mativ by 2.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,154,818 shares of the company’s stock valued at $36,546,000 after acquiring an additional 52,858 shares in the last quarter. Royce & Associates LP boosted its position in Mativ by 4.8% during the 3rd quarter. Royce & Associates LP now owns 864,684 shares of the company’s stock worth $14,691,000 after acquiring an additional 39,690 shares during the period. American Century Companies Inc. grew its stake in shares of Mativ by 67.2% in the second quarter. American Century Companies Inc. now owns 749,967 shares of the company’s stock worth $12,719,000 after purchasing an additional 301,488 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its holdings in shares of Mativ by 9.4% during the second quarter. First Eagle Investment Management LLC now owns 447,104 shares of the company’s stock valued at $7,583,000 after purchasing an additional 38,500 shares during the period. Institutional investors and hedge funds own 94.95% of the company’s stock.

Mativ Stock Down 1.3 %

Shares of MATV opened at $11.46 on Monday. Mativ Holdings, Inc. has a 52 week low of $10.78 and a 52 week high of $19.96. The firm has a market capitalization of $622.69 million, a P/E ratio of 5.85, a P/E/G ratio of 3.32 and a beta of 0.64. The company has a 50-day simple moving average of $13.86 and a 200-day simple moving average of $16.12. 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 company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were paid 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 3.49%. Mativ’s dividend payout ratio is presently 20.41%.

Analyst Ratings Changes

Separately, Stifel Nicolaus began coverage on 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.