Semanteon Capital Management LP Makes New Investment in Mativ Holdings, Inc. (NYSE:MATV)

Semanteon Capital Management LP bought a new stake in Mativ Holdings, Inc. (NYSE:MATV - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 52,488 shares of the company's stock, valued at approximately $572,000. Semanteon Capital Management LP owned 0.10% of Mativ at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MATV. JPMorgan Chase & Co. increased its position in shares of Mativ by 44.8% in the third quarter. JPMorgan Chase & Co. now owns 196,822 shares of the company's stock valued at $3,344,000 after buying an additional 60,930 shares in the last quarter. Barclays PLC grew its stake in Mativ by 227.5% in the 3rd quarter. Barclays PLC now owns 102,836 shares of the company's stock valued at $1,748,000 after acquiring an additional 71,436 shares during the period. Empowered Funds LLC increased its holdings in Mativ by 34.5% in the 4th quarter. Empowered Funds LLC now owns 301,432 shares of the company's stock worth $3,286,000 after acquiring an additional 77,383 shares in the last quarter. New York State Teachers Retirement System raised its position in Mativ by 7.0% during the fourth quarter. New York State Teachers Retirement System now owns 100,039 shares of the company's stock worth $1,090,000 after acquiring an additional 6,518 shares during the period. Finally, PDT Partners LLC purchased a new position in Mativ during the third quarter valued at $817,000. 94.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus raised shares of Mativ from a "hold" rating to a "buy" rating and cut their target price for the stock from $15.50 to $10.00 in a research note on Monday.

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Mativ Price Performance

Shares of NYSE:MATV traded down $0.06 during trading on Wednesday, reaching $6.47. The stock had a trading volume of 791,658 shares, compared to its average volume of 511,203. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.29 and a current ratio of 2.40. Mativ Holdings, Inc. has a 1-year low of $5.10 and a 1-year high of $19.96. The stock has a market cap of $352.84 million, a PE ratio of -7.19, a PEG ratio of 1.08 and a beta of 0.72. The business has a fifty day moving average price of $8.03 and a 200-day moving average price of $12.02.

Mativ (NYSE:MATV - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.17). The business 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, equities analysts forecast that Mativ Holdings, Inc. will post 1.15 earnings per share for the current fiscal year.

Mativ Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.40 dividend on an annualized basis and a yield of 6.18%. Mativ's payout ratio is -44.44%.

Mativ Profile

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.