Barclays PLC Grows Stock Position in Mativ Holdings, Inc. (NYSE:MATV)

Barclays PLC boosted its stake in shares of Mativ Holdings, Inc. (NYSE:MATV) by 227.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 102,836 shares of the company’s stock after acquiring 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 (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Versor Investments LP bought a new stake in Mativ in the third quarter valued at approximately $567,000. PDT Partners LLC bought a new stake in Mativ during the 3rd quarter valued at $817,000. AQR Capital Management LLC purchased a new stake in Mativ during the 2nd quarter valued at $778,000. First Eagle Investment Management LLC grew its holdings in Mativ by 9.4% in the 2nd quarter. First Eagle Investment Management LLC now owns 447,104 shares of the company’s stock worth $7,583,000 after acquiring an additional 38,500 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Mativ in the third quarter valued at about $1,158,000. 94.95% of the stock is currently owned by institutional investors.

Mativ Trading Down 3.5 %

NYSE MATV opened at $9.61 on Friday. The stock has a market cap of $522.17 million, a P/E ratio of 4.90, a price-to-earnings-growth ratio of 3.32 and a beta of 0.68. Mativ Holdings, Inc. has a fifty-two week low of $9.45 and a fifty-two week high of $19.96. The stock has a 50 day simple moving average of $12.25 and a two-hundred day simple moving average of $15.45. 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. Investors of record on Friday, November 29th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date was Friday, November 29th. Mativ’s payout ratio is 20.41%.

Wall Street Analyst Weigh In

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 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.