Fmr LLC lifted its position in Mativ Holdings, Inc. (NYSE:MATV – Free Report) by 113.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,716 shares of the company’s stock after acquiring an additional 4,098 shares during the period. Fmr LLC’s holdings in Mativ were worth $131,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. nVerses Capital LLC acquired a new stake in shares of Mativ during the third quarter worth $25,000. Truvestments Capital LLC bought a new position in Mativ during the 3rd quarter worth about $82,000. Renaissance Technologies LLC acquired a new stake in shares of Mativ in the 2nd quarter valued at about $185,000. Radnor Capital Management LLC acquired a new stake in shares of Mativ in the 3rd quarter valued at about $186,000. Finally, Cornercap Investment Counsel Inc. bought a new stake in shares of Mativ in the third quarter valued at about $228,000. Institutional investors own 94.95% of the company’s stock.
Mativ Price Performance
Shares of MATV opened at $11.46 on Monday. The firm has a market capitalization of $622.69 million, a PE ratio of 5.85, a PEG ratio of 3.32 and a beta of 0.64. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.37 and a quick ratio of 1.29. The company’s 50-day moving average is $13.86 and its 200-day moving average is $16.12. Mativ Holdings, Inc. has a fifty-two week low of $10.78 and a fifty-two week high of $19.96.
Mativ Announces Dividend
Analyst Ratings Changes
Separately, Stifel Nicolaus assumed coverage on shares of Mativ in a research report on Thursday, November 21st. They issued a “hold” rating and a $15.50 price objective on the stock.
Check Out Our Latest Analysis on MATV
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.
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