Cwm LLC Raises Stake in Mativ Holdings, Inc. $MATV

Cwm LLC grew its stake in shares of Mativ Holdings, Inc. (NYSE:MATV) by 272.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,507 shares of the company’s stock after purchasing an additional 12,806 shares during the quarter. Cwm LLC’s holdings in Mativ were worth $119,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Mativ during the second quarter valued at $100,000. Public Employees Retirement System of Ohio boosted its stake in shares of Mativ by 186.1% during the second quarter. Public Employees Retirement System of Ohio now owns 9,448 shares of the company’s stock valued at $64,000 after purchasing an additional 6,146 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Mativ during the second quarter valued at $91,000. Empowered Funds LLC boosted its stake in shares of Mativ by 6.0% during the first quarter. Empowered Funds LLC now owns 319,593 shares of the company’s stock valued at $1,991,000 after purchasing an additional 18,161 shares during the period. Finally, Millennium Management LLC boosted its stake in shares of Mativ by 1,978.4% during the first quarter. Millennium Management LLC now owns 996,673 shares of the company’s stock valued at $6,209,000 after purchasing an additional 948,720 shares during the period. 94.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MATV has been the subject of a number of recent analyst reports. Zacks Research lowered shares of Mativ from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Mativ in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Mativ from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $10.00.

Mativ Stock Performance

MATV stock opened at $10.67 on Friday. The company has a market capitalization of $583.44 million, a P/E ratio of -1.28 and a beta of 0.83. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.37 and a quick ratio of 1.21. The business has a 50-day moving average price of $11.55 and a 200 day moving average price of $8.52. Mativ Holdings, Inc. has a 1-year low of $4.34 and a 1-year high of $17.47.

Mativ (NYSE:MATV) last announced its earnings results on Wednesday, August 6th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates 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%. As a group, equities research analysts forecast that Mativ Holdings, Inc. will post 1.15 EPS for the current fiscal year.

Mativ Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, August 29th were issued a $0.10 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.40 dividend on an annualized basis and a yield of 3.7%. Mativ’s payout ratio is currently -4.79%.

About Mativ

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.