Quantbot Technologies LP Invests $122,000 in Mativ Holdings, Inc. (NYSE:MATV)

Quantbot Technologies LP acquired a new stake in Mativ Holdings, Inc. (NYSE:MATV) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,217 shares of the company’s stock, valued at approximately $122,000.

Several other institutional investors have also added to or reduced their stakes in MATV. Peregrine Capital Management LLC acquired a new position in shares of Mativ during the 4th quarter worth $4,397,000. Royce & Associates LP grew its position in Mativ by 26.1% in the fourth quarter. Royce & Associates LP now owns 1,090,774 shares of the company’s stock valued at $11,889,000 after acquiring an additional 226,090 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Mativ by 44.2% during the fourth quarter. Bank of New York Mellon Corp now owns 613,444 shares of the company’s stock worth $6,687,000 after acquiring an additional 187,970 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Mativ by 34.5% in the fourth quarter. Empowered Funds LLC now owns 301,432 shares of the company’s stock worth $3,286,000 after acquiring an additional 77,383 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in shares of Mativ by 15.9% in the 4th quarter. First Eagle Investment Management LLC now owns 555,796 shares of the company’s stock valued at $6,058,000 after purchasing an additional 76,400 shares in the last quarter. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Stifel Nicolaus upgraded shares of Mativ from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $15.50 to $10.00 in a research report on Monday, March 24th.

Mativ Trading Down 2.8 %

NYSE MATV opened at $6.41 on Monday. The company has a market cap of $349.19 million, a price-to-earnings ratio of -7.12, a price-to-earnings-growth ratio of 1.08 and a beta of 0.72. Mativ Holdings, Inc. has a twelve month low of $5.10 and a twelve month high of $19.96. The company has a quick ratio of 1.29, a current ratio of 2.40 and a debt-to-equity ratio of 1.28. The business’s fifty day moving average is $7.83 and its 200 day moving average is $11.83.

Mativ (NYSE:MATV) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.17). The firm had revenue of $458.60 million for the quarter, compared to the consensus estimate of $472.70 million. Mativ had a positive return on equity of 3.86% and a negative net margin of 2.46%. As a group, sell-side analysts expect that Mativ Holdings, Inc. will post 1.15 EPS for the current fiscal year.

Mativ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 6.25%. The ex-dividend date of this dividend was Friday, March 14th. Mativ’s dividend payout ratio (DPR) is currently -44.44%.

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.