Mativ Holdings, Inc. (NYSE:MATV) Stake Boosted by Barclays PLC

Barclays PLC increased its stake in shares of Mativ Holdings, Inc. (NYSE:MATV - Free Report) by 227.5% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 102,836 shares of the company's stock after acquiring an additional 71,436 shares during the period. Barclays PLC owned approximately 0.19% of Mativ worth $1,748,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Versor Investments LP acquired a new position in shares of Mativ in the 3rd quarter valued at approximately $567,000. PDT Partners LLC bought a new stake in shares of Mativ in the third quarter worth $817,000. AQR Capital Management LLC acquired a new stake in Mativ in the second quarter valued at $778,000. First Eagle Investment Management LLC boosted its stake in Mativ by 9.4% during the 2nd quarter. First Eagle Investment Management LLC now owns 447,104 shares of the company's stock valued at $7,583,000 after acquiring an additional 38,500 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Mativ during the 3rd quarter worth $1,158,000. Hedge funds and other institutional investors own 94.95% of the company's stock.

Mativ Stock Performance

Shares of MATV traded down $0.35 during mid-day trading on Friday, hitting $9.61. The stock had a trading volume of 425,066 shares, compared to its average volume of 504,028. Mativ Holdings, Inc. has a fifty-two week low of $9.45 and a fifty-two 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. The company has a market cap of $522.17 million, a PE ratio of 4.90, a PEG ratio of 3.32 and a beta of 0.68. The company's fifty day simple moving average is $12.25 and its two-hundred day simple moving average is $15.45.

Mativ Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, November 29th. This represents a $0.40 annualized dividend and a yield of 4.16%. Mativ's payout ratio is 20.41%.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus started coverage on shares of Mativ in a research note on Thursday, November 21st. They issued a "hold" rating and a $15.50 target price on the stock.

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.