JPMorgan Chase & Co. Buys 658,748 Shares of Mativ Holdings, Inc. $MATV

JPMorgan Chase & Co. increased its stake in Mativ Holdings, Inc. (NYSE:MATV) by 116.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,222,212 shares of the company’s stock after purchasing an additional 658,748 shares during the quarter. JPMorgan Chase & Co.’s holdings in Mativ were worth $13,823,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC raised its stake in Mativ by 50.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,617 shares of the company’s stock valued at $30,000 after buying an additional 873 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Mativ during the 3rd quarter valued at $30,000. Cullen Frost Bankers Inc. purchased a new position in shares of Mativ in the 3rd quarter worth $36,000. Osaic Holdings Inc. boosted its stake in shares of Mativ by 939.9% in the 2nd quarter. Osaic Holdings Inc. now owns 11,668 shares of the company’s stock worth $80,000 after buying an additional 10,546 shares during the last quarter. Finally, Strs Ohio bought a new stake in shares of Mativ in the third quarter worth $83,000. Institutional investors own 94.95% of the company’s stock.

Mativ Stock Performance

Shares of NYSE MATV opened at $8.51 on Friday. Mativ Holdings, Inc. has a 12-month low of $4.34 and a 12-month high of $15.48. The firm has a market capitalization of $466.72 million, a price-to-earnings ratio of -1.36 and a beta of 0.80. The company has a current ratio of 2.24, a quick ratio of 1.08 and a debt-to-equity ratio of 2.07. The firm has a 50 day moving average of $11.40 and a 200 day moving average of $11.75.

Mativ (NYSE:MATV) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.06. Mativ had a negative net margin of 16.98% and a positive return on equity of 9.79%. The business had revenue of $463.10 million for the quarter, compared to the consensus estimate of $469.55 million. On average, research analysts anticipate that Mativ Holdings, Inc. will post 1.15 earnings per share for the current year.

Mativ Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Friday, March 13th. Mativ’s dividend payout ratio (DPR) is currently -6.39%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Mativ in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Mativ presently has a consensus rating of “Reduce”.

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.