UBS Group AG Sells 267,808 Shares of Mativ Holdings, Inc. $MATV

UBS Group AG decreased its holdings in shares of Mativ Holdings, Inc. (NYSE:MATV) by 38.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 420,465 shares of the company’s stock after selling 267,808 shares during the period. UBS Group AG owned approximately 0.77% of Mativ worth $5,109,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Mativ by 5.5% during the fourth quarter. Vanguard Group Inc. now owns 3,738,809 shares of the company’s stock valued at $45,427,000 after purchasing an additional 194,225 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Mativ during the fourth quarter valued at about $730,000. Deprince Race & Zollo Inc. raised its position in Mativ by 14.5% during the fourth quarter. Deprince Race & Zollo Inc. now owns 453,965 shares of the company’s stock valued at $5,516,000 after purchasing an additional 57,421 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Mativ by 305.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 337,113 shares of the company’s stock valued at $4,096,000 after purchasing an additional 254,012 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in Mativ by 2.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,950,656 shares of the company’s stock valued at $46,697,000 after purchasing an additional 105,582 shares in the last quarter. Institutional investors own 94.95% of the company’s stock.

Mativ Stock Performance

Mativ stock opened at $8.57 on Friday. The stock’s 50 day simple moving average is $8.88 and its two-hundred day simple moving average is $11.14. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.12 and a current ratio of 2.26. The stock has a market cap of $472.38 million, a price-to-earnings ratio of 6.40 and a beta of 0.89. Mativ Holdings, Inc. has a fifty-two week low of $5.46 and a fifty-two week high of $15.48.

Mativ (NYSE:MATV) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.04. The business had revenue of $479.60 million for the quarter, compared to analysts’ expectations of $486.90 million. Mativ had a return on equity of 11.77% and a net margin of 3.86%. As a group, analysts expect that Mativ Holdings, Inc. will post 0.85 earnings per share for the current fiscal year.

Mativ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, May 29th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Friday, May 29th. Mativ’s payout ratio is presently 29.85%.

Analyst Ratings Changes

Several research firms have recently commented on MATV. Weiss Ratings upgraded Mativ from a “sell (d-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Wall Street Zen downgraded Mativ from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company 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.