Mativ Holdings, Inc. (NYSE:MATV) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC grew its holdings in Mativ Holdings, Inc. (NYSE:MATV - Free Report) by 34.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 301,432 shares of the company's stock after purchasing an additional 77,383 shares during the period. Empowered Funds LLC owned about 0.55% of Mativ worth $3,286,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. nVerses Capital LLC purchased a new stake in Mativ in the third quarter worth $25,000. Point72 DIFC Ltd bought a new position in shares of Mativ during the 3rd quarter worth $35,000. KBC Group NV grew its position in shares of Mativ by 93.2% during the 4th quarter. KBC Group NV now owns 4,787 shares of the company's stock worth $52,000 after buying an additional 2,309 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of Mativ during the 3rd quarter worth $82,000. Finally, FMR LLC grew its position in shares of Mativ by 113.3% during the 3rd quarter. FMR LLC now owns 7,716 shares of the company's stock worth $131,000 after buying an additional 4,098 shares in the last quarter. Hedge funds and other institutional investors own 94.95% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus began coverage on Mativ in a research report on Thursday, November 21st. They set a "hold" rating and a $15.50 price target on the stock.

Mativ Stock Up 1.4 %

MATV stock traded up $0.12 during trading on Friday, reaching $9.09. 379,112 shares of the company traded hands, compared to its average volume of 388,901. Mativ Holdings, Inc. has a 12 month low of $8.61 and a 12 month high of $19.96. The business has a 50 day simple moving average of $10.30 and a 200 day simple moving average of $14.11. The company has a market capitalization of $494.17 million, a price-to-earnings ratio of 4.64, a price-to-earnings-growth ratio of 1.37 and a beta of 0.66. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.29 and a current ratio of 2.37.

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.