SummerHaven Investment Management LLC Makes New $1.26 Million Investment in Mativ Holdings, Inc. $MATV

SummerHaven Investment Management LLC purchased a new stake in Mativ Holdings, Inc. (NYSE:MATV) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 110,990 shares of the company’s stock, valued at approximately $1,255,000. Mativ makes up 0.7% of SummerHaven Investment Management LLC’s investment portfolio, making the stock its 6th biggest holding. SummerHaven Investment Management LLC owned about 0.20% of Mativ at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its stake in Mativ by 5.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,608 shares of the company’s stock worth $141,000 after purchasing an additional 976 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in shares of Mativ in the third quarter worth about $36,000. Public Employees Retirement System of Ohio boosted its position in shares of Mativ by 186.1% in the second quarter. Public Employees Retirement System of Ohio now owns 9,448 shares of the company’s stock valued at $64,000 after acquiring an additional 6,146 shares during the period. Raymond James Financial Inc. grew its stake in Mativ by 35.3% during the second quarter. Raymond James Financial Inc. now owns 25,783 shares of the company’s stock valued at $176,000 after acquiring an additional 6,723 shares in the last quarter. Finally, Strs Ohio bought a new stake in Mativ during the 3rd quarter worth approximately $83,000. 94.95% of the stock is currently owned by institutional investors.

Mativ Stock Performance

NYSE MATV opened at $12.52 on Wednesday. Mativ Holdings, Inc. has a 52-week low of $4.34 and a 52-week high of $13.57. The company has a fifty day moving average of $12.47 and a 200-day moving average of $11.31. The company has a market capitalization of $684.59 million, a P/E ratio of -1.56 and a beta of 0.83. The company has a debt-to-equity ratio of 2.62, a quick ratio of 1.09 and a current ratio of 2.14.

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

Mativ Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, November 28th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Friday, November 28th. Mativ’s dividend payout ratio (DPR) is presently -4.98%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Mativ in a report on Monday, December 29th. Wall Street Zen upgraded Mativ from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Finally, Zacks Research cut Mativ from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $10.00.

Mativ 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.