Mativ Holdings, Inc. (NYSE:MATV) Shares Sold by Investors Research Corp

Investors Research Corp trimmed its holdings in shares of Mativ Holdings, Inc. (NYSE:MATV) by 12.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,504 shares of the company’s stock after selling 2,425 shares during the quarter. Investors Research Corp’s holdings in Mativ were worth $180,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Illinois Municipal Retirement Fund raised its stake in shares of Mativ by 5.2% during the 4th quarter. Illinois Municipal Retirement Fund now owns 32,258 shares of the company’s stock worth $352,000 after buying an additional 1,583 shares during the period. Rhumbline Advisers raised its stake in Mativ by 1.0% in the 4th quarter. Rhumbline Advisers now owns 169,976 shares of the company’s stock valued at $1,853,000 after purchasing an additional 1,649 shares during the last quarter. Point72 DIFC Ltd acquired a new position in Mativ in the 3rd quarter valued at $35,000. KBC Group NV raised its stake in Mativ by 93.2% in the 4th quarter. KBC Group NV now owns 4,787 shares of the company’s stock valued at $52,000 after purchasing an additional 2,309 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in Mativ by 8.3% in the 3rd quarter. Franklin Resources Inc. now owns 34,362 shares of the company’s stock valued at $574,000 after purchasing an additional 2,648 shares during the last quarter. 94.95% of the stock is owned by institutional investors and hedge funds.

Mativ Stock Down 1.8 %

NYSE MATV opened at $7.17 on Tuesday. The business has a fifty day moving average price of $8.99 and a 200 day moving average price of $13.04. Mativ Holdings, Inc. has a one year low of $5.74 and a one year high of $19.96. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.29 and a current ratio of 2.40. The company has a market cap of $390.62 million, a P/E ratio of -7.96, a P/E/G ratio of 1.08 and a beta of 0.72.

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

Mativ Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 5.58%. The ex-dividend date of this dividend is Friday, March 14th. Mativ’s payout ratio is currently -44.44%.

Analyst Upgrades and Downgrades

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.

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.