Mativ Holdings, Inc. (NYSE:MATV) Shares Acquired by First Eagle Investment Management LLC

First Eagle Investment Management LLC grew its position in Mativ Holdings, Inc. (NYSE:MATV - Free Report) by 15.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 555,796 shares of the company's stock after buying an additional 76,400 shares during the period. First Eagle Investment Management LLC owned 1.02% of Mativ worth $6,058,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Point72 DIFC Ltd bought a new stake in shares of Mativ in the 3rd quarter valued at about $35,000. KBC Group NV raised its position in shares of Mativ by 93.2% in the 4th 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 during the last quarter. Truvestments Capital LLC purchased a new position in shares of Mativ in the 3rd quarter valued at approximately $82,000. FMR LLC raised its position in shares of Mativ by 113.3% in the 3rd quarter. FMR LLC now owns 7,716 shares of the company's stock valued at $131,000 after purchasing an additional 4,098 shares during the last quarter. Finally, AlphaQuest LLC raised its position in shares of Mativ by 20,544.8% in the 4th quarter. AlphaQuest LLC now owns 11,974 shares of the company's stock valued at $131,000 after purchasing an additional 11,916 shares during the last quarter. 94.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

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Mativ Stock Performance

MATV traded down $0.06 during trading on Thursday, reaching $6.25. 1,326,406 shares of the company's stock were exchanged, compared to its average volume of 452,464. Mativ Holdings, Inc. has a 1 year low of $5.10 and a 1 year high of $19.96. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.40 and a quick ratio of 1.29. The stock has a market capitalization of $340.63 million, a P/E ratio of -6.94, a price-to-earnings-growth ratio of 1.08 and a beta of 0.72. The company's fifty day simple moving average is $8.37 and its 200-day simple moving average is $12.44.

Mativ (NYSE:MATV - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.17). Mativ had a positive return on equity of 3.86% and a negative net margin of 2.46%. The business had revenue of $458.60 million for the quarter, compared to analysts' expectations of $472.70 million. As a group, research analysts predict that Mativ Holdings, Inc. will post 1.15 earnings per share for the current fiscal year.

Mativ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 6.40%. The ex-dividend date is Friday, March 14th. Mativ's dividend payout ratio 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.