Mativ Holdings, Inc. (NYSE:MATV) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its holdings in shares of Mativ Holdings, Inc. (NYSE:MATV) by 14.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,305 shares of the company’s stock after selling 3,646 shares during the period. Nisa Investment Advisors LLC’s holdings in Mativ were worth $243,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in shares of Mativ by 44.8% in the third quarter. JPMorgan Chase & Co. now owns 196,822 shares of the company’s stock valued at $3,344,000 after buying an additional 60,930 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Mativ by 8.3% in the third quarter. Franklin Resources Inc. now owns 34,362 shares of the company’s stock valued at $574,000 after acquiring an additional 2,648 shares during the period. Virtu Financial LLC purchased a new stake in shares of Mativ during the 3rd quarter worth $338,000. Barclays PLC grew its stake in shares of Mativ by 227.5% during the 3rd quarter. Barclays PLC now owns 102,836 shares of the company’s stock worth $1,748,000 after purchasing an additional 71,436 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Mativ by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,243,514 shares of the company’s stock valued at $21,132,000 after purchasing an additional 14,766 shares in the last quarter. 94.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Stifel Nicolaus began coverage on shares of Mativ in a research report on Thursday, November 21st. They set a “hold” rating and a $15.50 target price on the stock.

Mativ Stock Performance

MATV opened at $9.61 on Thursday. The stock’s 50 day simple moving average is $11.24 and its 200 day simple moving average is $14.85. The stock has a market cap of $522.26 million, a P/E ratio of 4.90, a P/E/G ratio of 1.38 and a beta of 0.68. Mativ Holdings, Inc. has a 1-year low of $9.21 and a 1-year high of $19.96. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.37 and a quick ratio of 1.29.

Mativ (NYSE:MATV) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.05). Mativ had a net margin of 5.44% and a return on equity of 4.88%. The firm had revenue of $498.50 million during the quarter, compared to analysts’ expectations of $523.80 million. During the same quarter in the prior year, the business earned $0.21 EPS. As a group, equities analysts anticipate that Mativ Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Mativ Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date was Friday, November 29th. Mativ’s payout ratio is currently 20.41%.

About Mativ

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.