Sei Investments Co. Acquires 139,822 Shares of Mativ Holdings, Inc. $MATV

Sei Investments Co. boosted its stake in shares of Mativ Holdings, Inc. (NYSE:MATV) by 67.2% in the first quarter, Holdings Channel reports. The institutional investor owned 347,940 shares of the company’s stock after acquiring an additional 139,822 shares during the period. Sei Investments Co.’s holdings in Mativ were worth $3,027,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cullen Frost Bankers Inc. lifted its holdings in shares of Mativ by 26.0% during the fourth quarter. Cullen Frost Bankers Inc. now owns 3,961 shares of the company’s stock worth $48,000 after purchasing an additional 818 shares during the period. Raymond James Financial Inc. increased its holdings in Mativ by 3.7% in the 3rd quarter. Raymond James Financial Inc. now owns 26,734 shares of the company’s stock worth $302,000 after buying an additional 951 shares during the period. The Manufacturers Life Insurance Company raised its position in Mativ by 5.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,608 shares of the company’s stock worth $141,000 after buying an additional 976 shares during the last quarter. Gabelli Funds LLC raised its position in Mativ by 2.9% during the 3rd quarter. Gabelli Funds LLC now owns 35,200 shares of the company’s stock worth $398,000 after buying an additional 1,000 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Mativ by 0.3% during the 1st quarter. Bank of New York Mellon Corp now owns 491,368 shares of the company’s stock valued at $4,275,000 after acquiring an additional 1,311 shares during the period. Institutional investors own 94.95% of the company’s stock.

Mativ Price Performance

Shares of Mativ stock opened at $12.84 on Friday. The firm has a market cap of $707.58 million, a PE ratio of 8.12 and a beta of 0.87. Mativ Holdings, Inc. has a twelve month low of $7.07 and a twelve month high of $15.48. The company has a quick ratio of 1.12, a current ratio of 1.98 and a debt-to-equity ratio of 2.09. The business has a 50-day moving average price of $8.16 and a 200 day moving average price of $9.53.

Mativ (NYSE:MATV) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.28 by $0.22. The company had revenue of $531.80 million for the quarter, compared to analyst estimates of $508.50 million. Mativ had a return on equity of 13.53% and a net margin of 4.50%. Sell-side analysts predict that Mativ Holdings, Inc. will post 0.85 earnings per share for the current fiscal year.

Mativ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, August 28th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $0.40 dividend on an annualized basis and a yield of 3.1%. Mativ’s dividend payout ratio (DPR) is currently 29.85%.

Analyst Ratings Changes

Several analysts have recently commented on MATV shares. Wall Street Zen downgraded shares of Mativ from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 2nd. Weiss Ratings raised shares of Mativ from a “sell (d-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently 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.