2 weeks Ago By ABMN Staff
Russell Investments Group Ltd. cut its holdings in Mativ Holdings, Inc. ( NYSE:MATV – Free Report ) by 35.
7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 269,101 shares of the company’s stock after selling 149,574 shares during the quarter. Russell Investments Group Ltd.
owned approximately 0.50% of Mativ worth $2,933,000 as of its most recent SEC filing. Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company.
Illinois Municipal Retirement Fund raised its holdings in shares of Mativ by 5.2% in the 4th quarter. Illinois Municipal Retirement Fund now owns 32,258 shares of the company’s stock valued at $352,000 after purchasing an additional 1,583 shares in the last quarter.
Rhumbline Advisers increased its holdings in Mativ by 1.0% during the fourth quarter. Rhumbline Advisers now owns 169,976 shares of the company’s stock valued at $1,853,000 after buying an additional 1,649 shares during the period.
KBC Group NV raised its stake in Mativ by 93.2% in the fourth quarter. KBC Group NV now owns 4,787 shares of the company’s stock worth $52,000 after buying an additional 2,309 shares in the last quarter.
Franklin Resources Inc. lifted its holdings in Mativ by 8.3% during the third quarter.
Franklin Resources Inc. now owns 34,362 shares of the company’s stock worth $574,000 after buying an additional 2,648 shares during the period. Finally, FMR LLC boosted its position in Mativ by 113.
3% during the 3rd quarter. FMR LLC now owns 7,716 shares of the company’s stock valued at $131,000 after acquiring an additional 4,098 shares in the last quarter. 94.
95% of the stock is currently owned by institutional investors. Analyst Upgrades and Downgrades Separately, Stifel Nicolaus raised shares of Mativ from a “hold” rating to a “buy” rating and cut their price objective for the stock from $15.50 to $10.
00 in a research report on Monday, March 24th. Mativ Stock Performance MATV opened at $4.59 on Friday.
The firm has a 50 day moving average of $6.54 and a two-hundred day moving average of $10.58.
The firm has a market capitalization of $250.02 million, a PE ratio of -5.10, a P/E/G ratio of 1.
08 and a beta of 0.68. The company has a current ratio of 2.
40, a quick ratio of 1.29 and a debt-to-equity ratio of 1.28.
Mativ Holdings, Inc. has a 12-month low of $4.34 and a 12-month high of $19.
96. Mativ ( NYSE:MATV – Get Free Report ) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.
05 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.17).
The firm had revenue of $458.60 million for the quarter, compared to analyst estimates of $472.70 million.
Mativ had a positive return on equity of 3.86% and a negative net margin of 2.46%.
On average, analysts anticipate that Mativ Holdings, Inc. will post 1.15 EPS for the current year.
Mativ Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.10 dividend.
This represents a $0.40 annualized dividend and a yield of 8.72%.
The ex-dividend date was Friday, March 14th. Mativ’s payout ratio is -44.44%.
Mativ Company Profile ( Free Report ) 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.
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