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

American Century Companies Inc. boosted its holdings in shares of Mativ Holdings, Inc. (NYSE:MATV) by 13.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,916,201 shares of the company’s stock after acquiring an additional 225,370 shares during the period. American Century Companies Inc. owned about 3.50% of Mativ worth $21,672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its position in Mativ by 116.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,222,212 shares of the company’s stock valued at $13,823,000 after acquiring an additional 658,748 shares in the last quarter. SummerHaven Investment Management LLC bought a new stake in Mativ during the third quarter valued at about $1,255,000. Los Angeles Capital Management LLC purchased a new position in Mativ in the second quarter valued at about $191,000. Russell Investments Group Ltd. raised its holdings in Mativ by 32.8% in the second quarter. Russell Investments Group Ltd. now owns 276,007 shares of the company’s stock worth $1,882,000 after purchasing an additional 68,128 shares in the last quarter. Finally, Fox Run Management L.L.C. lifted its position in Mativ by 95.6% during the second quarter. Fox Run Management L.L.C. now owns 38,209 shares of the company’s stock valued at $261,000 after acquiring an additional 18,670 shares during the last quarter. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Mativ in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $10.00.

Mativ Price Performance

Shares of MATV opened at $9.26 on Tuesday. The firm has a market capitalization of $507.37 million, a PE ratio of -1.48 and a beta of 0.80. The company has a debt-to-equity ratio of 2.07, a current ratio of 2.24 and a quick ratio of 1.08. The company’s fifty day moving average price is $12.49 and its 200-day moving average price is $12.10. Mativ Holdings, Inc. has a 1-year low of $4.34 and a 1-year high of $15.48.

Mativ (NYSE:MATV) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. Mativ had a positive return on equity of 9.79% and a negative net margin of 16.98%.The company had revenue of $463.10 million during the quarter, compared to analysts’ expectations of $469.55 million. On average, equities research analysts predict that Mativ Holdings, Inc. will post 1.15 EPS for the current year.

Mativ Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be paid a $0.10 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.3%. Mativ’s dividend payout ratio is presently -6.39%.

Mativ Company Profile

Mativ is a global supplier of specialty fiber-based materials and engineered solutions, established in April 2021 through the spin-off of Ahlstrom-Munksjö’s global filtration and engineered materials business. Trading on the New York Stock Exchange under the ticker MATV, the company focuses on designing and manufacturing high-performance products for a broad range of end markets, including life sciences, energy storage, industrial filtration, and consumer products.

Through its Advanced Solutions segment, Mativ produces innovative materials such as lithium-ion battery separators, specialty release liners, and pressure-sensitive adhesive tapes.