American Century Companies Inc. Grows Stock Holdings in Mativ Holdings, Inc. (NYSE:MATV)

American Century Companies Inc. increased its holdings in shares of Mativ Holdings, Inc. (NYSE:MATV - Free Report) by 20.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,507,418 shares of the company's stock after purchasing an additional 253,365 shares during the period. American Century Companies Inc. owned 2.77% of Mativ worth $16,431,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MATV. State Street Corp boosted its position in Mativ by 0.5% during the 3rd quarter. State Street Corp now owns 2,094,310 shares of the company's stock valued at $35,582,000 after acquiring an additional 9,561 shares in the last quarter. Geode Capital Management LLC boosted its position in Mativ by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,243,514 shares of the company's stock valued at $21,132,000 after purchasing an additional 14,766 shares in the last quarter. Royce & Associates LP boosted its position in Mativ by 26.1% during the fourth quarter. Royce & Associates LP now owns 1,090,774 shares of the company's stock valued at $11,889,000 after purchasing an additional 226,090 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Mativ by 44.2% in the fourth quarter. Bank of New York Mellon Corp now owns 613,444 shares of the company's stock worth $6,687,000 after purchasing an additional 187,970 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its position in shares of Mativ by 15.9% during the fourth quarter. First Eagle Investment Management LLC now owns 555,796 shares of the company's stock valued at $6,058,000 after buying an additional 76,400 shares during the last quarter. 94.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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 Down 7.7 %

Shares of MATV stock traded down $0.41 during trading hours on Friday, reaching $4.87. 1,677,477 shares of the company's stock were exchanged, compared to its average volume of 550,974. Mativ Holdings, Inc. has a fifty-two week low of $4.54 and a fifty-two week high of $19.96. The stock's 50 day moving average is $7.45 and its 200-day moving average is $11.44. The company has a current ratio of 2.40, a quick ratio of 1.29 and a debt-to-equity ratio of 1.28. The company has a market cap of $265.23 million, a price-to-earnings ratio of -5.41, a P/E/G ratio of 1.08 and a beta of 0.68.

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 negative net margin of 2.46% and a positive return on equity of 3.86%. Analysts predict that Mativ Holdings, Inc. will post 1.15 earnings per share for the current fiscal year.

Mativ Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 8.22%. The ex-dividend date was Friday, March 14th. Mativ's dividend payout ratio (DPR) is presently -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.