Versor Investments LP Purchases New Holdings in Mativ Holdings, Inc. $MATV

Versor Investments LP acquired a new position in Mativ Holdings, Inc. (NYSE:MATV) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 46,900 shares of the company’s stock, valued at approximately $530,000. Versor Investments LP owned about 0.09% of Mativ at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new position in shares of Mativ in the third quarter valued at approximately $36,000. Osaic Holdings Inc. raised its stake in Mativ by 939.9% in the 2nd quarter. Osaic Holdings Inc. now owns 11,668 shares of the company’s stock valued at $80,000 after purchasing an additional 10,546 shares during the last quarter. Strs Ohio purchased a new position in Mativ in the 3rd quarter valued at $83,000. Vanguard Personalized Indexing Management LLC acquired a new stake in Mativ during the 2nd quarter worth $100,000. Finally, State of Wyoming purchased a new stake in shares of Mativ during the third quarter worth $100,000. Institutional investors and hedge funds own 94.95% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on MATV. Weiss Ratings reissued a “sell (d)” rating on shares of Mativ in a research note on Monday, December 29th. Wall Street Zen raised shares of Mativ from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $10.00.

Mativ Price Performance

Shares of MATV stock opened at $15.02 on Thursday. The company has a debt-to-equity ratio of 2.62, a current ratio of 2.14 and a quick ratio of 1.09. The company has a market capitalization of $821.29 million, a PE ratio of -1.87 and a beta of 0.82. The firm’s 50-day moving average is $12.73 and its two-hundred day moving average is $11.75. Mativ Holdings, Inc. has a 12 month low of $4.34 and a 12 month high of $15.20.

About Mativ

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.