Fox Run Management L.L.C. Purchases 18,670 Shares of Mativ Holdings, Inc. $MATV

Fox Run Management L.L.C. increased its holdings in Mativ Holdings, Inc. (NYSE:MATV) by 95.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,209 shares of the company’s stock after buying an additional 18,670 shares during the period. Fox Run Management L.L.C. owned 0.07% of Mativ worth $261,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MATV. Hsbc Holdings PLC raised its holdings in shares of Mativ by 61.2% in the 1st quarter. Hsbc Holdings PLC now owns 38,828 shares of the company’s stock valued at $242,000 after acquiring an additional 14,734 shares in the last quarter. Wolverine Asset Management LLC increased its position in shares of Mativ by 31.4% in the second quarter. Wolverine Asset Management LLC now owns 166,658 shares of the company’s stock worth $1,137,000 after purchasing an additional 39,796 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in Mativ in the second quarter valued at approximately $1,470,000. Cubist Systematic Strategies LLC raised its stake in Mativ by 84.6% in the first quarter. Cubist Systematic Strategies LLC now owns 223,364 shares of the company’s stock valued at $1,392,000 after purchasing an additional 102,376 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in Mativ during the second quarter valued at approximately $100,000. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Mativ Trading Up 0.1%

Shares of MATV opened at $13.22 on Friday. Mativ Holdings, Inc. has a fifty-two week low of $4.34 and a fifty-two week high of $14.42. The firm has a market cap of $722.88 million, a price-to-earnings ratio of -1.58 and a beta of 0.86. The firm has a 50 day moving average price of $11.50 and a 200-day moving average price of $8.97. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.21 and a current ratio of 2.37.

Mativ (NYSE:MATV) last issued its earnings results on Wednesday, November 5th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.12. Mativ had a negative net margin of 23.09% and a positive return on equity of 4.12%. The company had revenue of $513.70 million for the quarter, compared to analysts’ expectations of $505.00 million. As a group, equities research analysts forecast 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 will be paid on Friday, December 19th. Stockholders of record on Friday, November 28th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, November 28th. Mativ’s payout ratio is -4.98%.

Wall Street Analysts Forecast Growth

MATV has been the topic of a number of research analyst reports. Zacks Research lowered shares of Mativ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. Wall Street Zen upgraded shares of Mativ from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Mativ in a research report on Wednesday, October 8th. One equities research 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 data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $10.00.

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.