PDT Partners LLC Takes $1.53 Million Position in Mativ Holdings, Inc. $MATV

PDT Partners LLC bought a new position in shares of Mativ Holdings, Inc. (NYSE:MATV) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 202,098 shares of the company’s stock, valued at approximately $1,530,000.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in Mativ in the second quarter valued at approximately $46,992,000. Millennium Management LLC grew its stake in shares of Mativ by 1,978.4% in the first quarter. Millennium Management LLC now owns 996,673 shares of the company’s stock valued at $6,209,000 after buying an additional 948,720 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Mativ in the second quarter valued at $3,746,000. UBS Group AG increased its holdings in Mativ by 144.9% during the third quarter. UBS Group AG now owns 688,273 shares of the company’s stock worth $7,784,000 after buying an additional 407,275 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new position in Mativ during the second quarter worth $2,450,000. 94.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Weiss Ratings upgraded shares of Mativ from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, August 21st. Wall Street Zen upgraded shares of Mativ from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 10th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Mativ presently has an average rating of “Hold”.

Mativ Price Performance

Shares of MATV opened at $12.25 on Thursday. The company’s 50-day moving average is $9.33 and its 200-day moving average is $9.47. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.98 and a quick ratio of 0.95. The firm has a market capitalization of $675.22 million, a PE ratio of 7.75 and a beta of 0.87. Mativ Holdings, Inc. has a fifty-two week low of $7.07 and a fifty-two week high of $15.48.

Mativ (NYSE:MATV) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.22. The business had revenue of $531.80 million for the quarter, compared to analyst estimates of $508.50 million. Mativ had a net margin of 4.50% and a return on equity of 13.53%. Equities analysts forecast that Mativ Holdings, Inc. will post 0.97 EPS for the current year.

Mativ Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, August 28th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $0.40 annualized dividend and a dividend yield of 3.3%. Mativ’s dividend payout ratio is presently 25.32%.

Mativ Company Profile

Mativ is a global supplier of specialty fiber-based materials and engineered solutions, established in April 2021 through the spin-off of Ahlstrom-Munksjö’s global filtration and engineered materials business. Trading on the New York Stock Exchange under the ticker MATV, the company focuses on designing and manufacturing high-performance products for a broad range of end markets, including life sciences, energy storage, industrial filtration, and consumer products.

Through its Advanced Solutions segment, Mativ produces innovative materials such as lithium-ion battery separators, specialty release liners, and pressure-sensitive adhesive tapes.