Swiss National Bank Has $2.55 Million Position in Mativ Holdings, Inc. (NYSE:MATV)

Swiss National Bank lowered its holdings in Mativ Holdings, Inc. (NYSE:MATV) by 10.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 118,612 shares of the company’s stock after selling 14,000 shares during the quarter. Swiss National Bank owned about 0.22% of Mativ worth $2,547,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of MATV. Naples Global Advisors LLC lifted its stake in shares of Mativ by 1.4% during the first quarter. Naples Global Advisors LLC now owns 35,843 shares of the company’s stock valued at $770,000 after acquiring an additional 500 shares during the period. Dark Forest Capital Management LP acquired a new position in shares of Mativ during the fourth quarter valued at $26,000. Barclays PLC lifted its stake in shares of Mativ by 6.6% during the first quarter. Barclays PLC now owns 28,183 shares of the company’s stock valued at $605,000 after acquiring an additional 1,748 shares during the period. WealthTrust Axiom LLC lifted its stake in shares of Mativ by 7.9% during the first quarter. WealthTrust Axiom LLC now owns 23,885 shares of the company’s stock valued at $513,000 after acquiring an additional 1,750 shares during the period. Finally, Rockefeller Capital Management L.P. bought a new stake in Mativ in the fourth quarter valued at about $42,000. Institutional investors and hedge funds own 91.35% of the company’s stock.

Mativ Trading Up 1.3 %

NYSE MATV opened at $16.61 on Tuesday. The stock has a 50-day simple moving average of $16.22 and a 200 day simple moving average of $18.56. The company has a market capitalization of $908.73 million, a PE ratio of -27.23, a P/E/G ratio of 2.31 and a beta of 0.80. The company has a current ratio of 2.26, a quick ratio of 1.04 and a debt-to-equity ratio of 1.51. Mativ Holdings, Inc. has a 12 month low of $13.92 and a 12 month high of $28.99.

Mativ (NYSE:MATV) last released its quarterly earnings data on Wednesday, August 9th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.09. The business had revenue of $668.30 million during the quarter, compared to the consensus estimate of $679.00 million. Mativ had a positive return on equity of 9.73% and a negative net margin of 1.21%. Research analysts forecast that Mativ Holdings, Inc. will post 1.2 EPS for the current year.

Mativ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, August 25th will be issued a $0.10 dividend. The ex-dividend date is Thursday, August 24th. This represents a $0.40 dividend on an annualized basis and a yield of 2.41%. Mativ’s dividend payout ratio is presently -65.57%.

About Mativ

Mativ Holdings, Inc operates as a performance materials company. The company operates through two segments, Advanced Technical Materials and Fiber-Based Solutions. The Advanced Technical Materials segment manufactures and sells polymer, resin and fiber-based substrates, nets, films, adhesive tapes, and other nonwovens.