Mativ Holdings, Inc. $MATV Holdings Trimmed by Invesco Ltd.

Invesco Ltd. trimmed its position in shares of Mativ Holdings, Inc. (NYSE:MATV) by 68.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 293,395 shares of the company’s stock after selling 650,376 shares during the period. Invesco Ltd. owned 0.54% of Mativ worth $1,828,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MATV. GAMMA Investing LLC grew its position in Mativ by 119.7% during the first quarter. GAMMA Investing LLC now owns 4,462 shares of the company’s stock valued at $28,000 after purchasing an additional 2,431 shares in the last quarter. CWM LLC grew its position in Mativ by 707.7% during the first quarter. CWM LLC now owns 4,701 shares of the company’s stock valued at $29,000 after purchasing an additional 4,119 shares in the last quarter. US Bancorp DE grew its position in Mativ by 204.2% during the first quarter. US Bancorp DE now owns 5,677 shares of the company’s stock valued at $35,000 after purchasing an additional 3,811 shares in the last quarter. QRG Capital Management Inc. purchased a new position in Mativ during the first quarter valued at approximately $64,000. Finally, Sherbrooke Park Advisers LLC purchased a new position in Mativ during the fourth quarter valued at approximately $145,000. 94.95% of the stock is owned by hedge funds and other institutional investors.

Mativ Price Performance

NYSE MATV opened at $12.59 on Monday. The company has a current ratio of 2.37, a quick ratio of 1.21 and a debt-to-equity ratio of 2.65. The company has a fifty day simple moving average of $8.57 and a 200 day simple moving average of $6.94. The company has a market cap of $688.46 million, a P/E ratio of -1.51 and a beta of 0.82. Mativ Holdings, Inc. has a 1 year low of $4.34 and a 1 year high of $19.96.

Mativ (NYSE:MATV) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.15. The business had revenue of $525.40 million during the quarter, compared to the consensus estimate of $505.00 million. Mativ had a negative net margin of 23.09% and a positive return on equity of 4.12%. On average, sell-side analysts predict that Mativ Holdings, Inc. will post 1.15 EPS for the current year.

Mativ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, August 29th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, August 29th. Mativ’s dividend payout ratio is currently -4.79%.

Analyst Ratings Changes

A number of brokerages recently commented on MATV. Zacks Research raised shares of Mativ to a “strong-buy” rating in a research report on Monday, August 11th. Wall Street Zen raised shares of Mativ from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Strong Buy” and an average target price of $10.00.

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.