Allspring Global Investments Holdings LLC Sells 123,374 Shares of Mativ Holdings, Inc. (NYSE:MATV)

Allspring Global Investments Holdings LLC reduced its stake in shares of Mativ Holdings, Inc. (NYSE:MATV - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,913,637 shares of the company's stock after selling 123,374 shares during the quarter. Allspring Global Investments Holdings LLC owned about 7.20% of Mativ worth $41,954,000 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 MATV. nVerses Capital LLC purchased a new position in shares of Mativ in the third quarter valued at $25,000. Point72 DIFC Ltd purchased a new position in shares of Mativ in the third quarter valued at $35,000. KBC Group NV grew its holdings in shares of Mativ by 93.2% in the fourth quarter. KBC Group NV now owns 4,787 shares of the company's stock valued at $52,000 after purchasing an additional 2,309 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of Mativ in the third quarter valued at $82,000. Finally, FMR LLC grew its holdings in shares of Mativ by 113.3% in the third quarter. FMR LLC now owns 7,716 shares of the company's stock valued at $131,000 after purchasing an additional 4,098 shares in the last quarter. 94.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus assumed coverage on Mativ in a research report on Thursday, November 21st. They issued a "hold" rating and a $15.50 price target for the company.

Mativ Trading Up 1.3 %

MATV traded up $0.12 during trading on Tuesday, reaching $9.22. The company had a trading volume of 147,151 shares, compared to its average volume of 413,294. The stock has a market cap of $500.74 million, a P/E ratio of 4.70, a PEG ratio of 1.37 and a beta of 0.66. The business has a 50 day simple moving average of $10.24 and a 200-day simple moving average of $14.04. Mativ Holdings, Inc. has a 52 week low of $8.61 and a 52 week high of $19.96. The company has a quick ratio of 1.29, a current ratio of 2.37 and a debt-to-equity ratio of 1.31.

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.