American Century Companies Inc. Increases Stake in Mativ Holdings, Inc. $MATV

American Century Companies Inc. lifted its stake in Mativ Holdings, Inc. (NYSE:MATV) by 8.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,690,831 shares of the company’s stock after buying an additional 126,136 shares during the quarter. American Century Companies Inc. owned approximately 3.09% of Mativ worth $11,531,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. US Bancorp DE increased its holdings in Mativ by 204.2% in the 1st quarter. US Bancorp DE now owns 5,677 shares of the company’s stock valued at $35,000 after acquiring an additional 3,811 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Mativ by 186.1% during the 2nd 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 last quarter. FORA Capital LLC purchased a new position in shares of Mativ during the first quarter valued at about $68,000. DRW Securities LLC bought a new stake in shares of Mativ in the first quarter worth about $91,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Mativ in the second quarter worth about $91,000. Institutional investors own 94.95% of the company’s stock.

Analyst Upgrades and Downgrades

MATV has been the subject of a number of research reports. Wall Street Zen raised Mativ from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Weiss Ratings reissued a “sell (d)” rating on shares of Mativ in a report on Monday. Finally, Zacks Research downgraded shares of Mativ from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Mativ currently has an average rating of “Hold” and a consensus target price of $10.00.

Mativ Trading Down 0.4%

MATV stock opened at $12.13 on Friday. Mativ Holdings, Inc. has a twelve month low of $4.34 and a twelve month high of $13.57. The stock has a market capitalization of $663.12 million, a price-to-earnings ratio of -1.51 and a beta of 0.86. The company has a quick ratio of 1.09, a current ratio of 2.14 and a debt-to-equity ratio of 2.62. The firm’s fifty day simple moving average is $11.54 and its two-hundred day simple moving average is $9.67.

Mativ (NYSE:MATV) last released its earnings results on Wednesday, November 5th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.12. The firm had revenue of $513.70 million during the quarter, compared to analyst estimates of $505.00 million. Mativ had a negative net margin of 22.03% and a positive return on equity of 7.06%. As a group, analysts anticipate that Mativ Holdings, Inc. will post 1.15 earnings per share for the current year.

Mativ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, November 28th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.3%. Mativ’s dividend payout ratio is currently -4.98%.

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.