Mativ Holdings, Inc. (NYSE:MATV) Shares Acquired by American Century Companies Inc.

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 its most recent filing with the Securities & Exchange Commission. The firm owned 1,507,418 shares of the company's stock after acquiring an additional 253,365 shares during the period. American Century Companies Inc. owned approximately 2.77% of Mativ worth $16,431,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MATV. Quantbot Technologies LP purchased a new position in Mativ in the 4th quarter valued at $122,000. Semanteon Capital Management LP purchased a new position in shares of Mativ in the fourth quarter worth about $572,000. Royce & Associates LP lifted its stake in shares of Mativ by 26.1% in the fourth quarter. Royce & Associates LP now owns 1,090,774 shares of the company's stock worth $11,889,000 after buying an additional 226,090 shares in the last quarter. First Eagle Investment Management LLC boosted its position in Mativ by 15.9% during the fourth quarter. First Eagle Investment Management LLC now owns 555,796 shares of the company's stock worth $6,058,000 after acquiring an additional 76,400 shares during the last quarter. Finally, AlphaQuest LLC lifted its stake in Mativ by 20,544.8% in the 4th quarter. AlphaQuest LLC now owns 11,974 shares of the company's stock worth $131,000 after purchasing an additional 11,916 shares in the last quarter. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Mativ Trading Down 8.8 %

Shares of NYSE MATV traded down $0.46 during midday trading on Friday, reaching $4.81. 601,730 shares of the stock were exchanged, compared to its average volume of 544,488. Mativ Holdings, Inc. has a twelve month low of $4.54 and a twelve month high of $19.96. The stock has a market capitalization of $262.07 million, a P/E ratio of -5.38, a PEG ratio of 1.08 and a beta of 0.72. The company has a 50 day simple moving average of $7.55 and a 200 day simple moving average of $11.54. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.29 and a current ratio of 2.40.

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Mativ (NYSE:MATV - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.17). The business had revenue of $458.60 million during 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%. As a group, equities analysts expect that Mativ Holdings, Inc. will post 1.15 earnings per share for the current year.

Mativ Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.32%. The ex-dividend date of this dividend was Friday, March 14th. Mativ's dividend payout ratio is presently -44.44%.

Analysts Set New Price Targets

Separately, Stifel Nicolaus upgraded Mativ from a "hold" rating to a "buy" rating and reduced their price target for the stock from $15.50 to $10.00 in a report on Monday, March 24th.

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.