AQR Capital Management LLC Makes New $778,000 Investment in Mativ Holdings, Inc. (NYSE:MATV)

AQR Capital Management LLC purchased a new position in shares of Mativ Holdings, Inc. (NYSE:MATV - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 45,865 shares of the company's stock, valued at approximately $778,000. AQR Capital Management LLC owned 0.08% of Mativ at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SageView Advisory Group LLC bought a new position in Mativ during the first quarter worth $108,000. PNC Financial Services Group Inc. lifted its position in shares of Mativ by 18.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,254 shares of the company's stock worth $126,000 after buying an additional 1,314 shares during the last quarter. GAMMA Investing LLC boosted its stake in Mativ by 12.2% in the first quarter. GAMMA Investing LLC now owns 7,402 shares of the company's stock valued at $139,000 after acquiring an additional 803 shares during the period. Renaissance Technologies LLC bought a new position in shares of Mativ during the second quarter valued at approximately $185,000. Finally, ProShare Advisors LLC grew its holdings in shares of Mativ by 5.9% during the first quarter. ProShare Advisors LLC now owns 10,837 shares of the company's stock valued at $203,000 after purchasing an additional 607 shares during the last quarter. Hedge funds and other institutional investors own 94.95% of the company's stock.

Mativ Stock Performance

Shares of NYSE:MATV traded up $0.05 during trading on Monday, hitting $16.69. 178,608 shares of the company traded hands, compared to its average volume of 413,418. The stock has a market capitalization of $906.65 million, a price-to-earnings ratio of -2.76, a PEG ratio of 3.34 and a beta of 0.70. The business's fifty day moving average is $17.58 and its 200-day moving average is $17.62. Mativ Holdings, Inc. has a one year low of $10.78 and a one year high of $19.96. The company has a quick ratio of 1.33, a current ratio of 2.46 and a debt-to-equity ratio of 1.28.

Mativ (NYSE:MATV - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.13. The business had revenue of $523.80 million during the quarter, compared to the consensus estimate of $526.50 million. Mativ had a positive return on equity of 5.19% and a negative net margin of 16.55%. During the same period in the previous year, the firm posted $0.51 earnings per share. As a group, equities analysts predict that Mativ Holdings, Inc. will post 0.82 earnings per share for the current fiscal year.

Mativ Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 23rd were given a dividend of $0.10 per share. The ex-dividend date was Friday, August 23rd. This represents a $0.40 annualized dividend and a dividend yield of 2.40%. Mativ's dividend payout ratio (DPR) is -6.62%.

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.