Bragg Financial Advisors Inc Has $1.10 Million Holdings in Mativ Holdings, Inc. (NYSE:MATV)

Bragg Financial Advisors Inc lessened its holdings in Mativ Holdings, Inc. (NYSE:MATV) by 48.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 100,618 shares of the company’s stock after selling 92,762 shares during the quarter. Bragg Financial Advisors Inc owned approximately 0.19% of Mativ worth $1,097,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Federated Hermes Inc. bought a new stake in Mativ in the fourth quarter valued at about $33,000. KBC Group NV increased its stake in shares of Mativ by 93.2% in the 4th quarter. KBC Group NV now owns 4,787 shares of the company’s stock valued at $52,000 after acquiring an additional 2,309 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Mativ in the 4th quarter valued at approximately $122,000. FMR LLC boosted its stake in Mativ by 113.3% during the 3rd quarter. FMR LLC now owns 7,716 shares of the company’s stock worth $131,000 after acquiring an additional 4,098 shares during the last quarter. Finally, AlphaQuest LLC grew its holdings in Mativ by 20,544.8% during the fourth quarter. AlphaQuest LLC now owns 11,974 shares of the company’s stock valued at $131,000 after purchasing an additional 11,916 shares during the period. 94.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus upgraded shares of Mativ from a “hold” rating to a “buy” rating and cut their target price for the stock from $15.50 to $10.00 in a report on Monday, March 24th.

Mativ Stock Up 2.0 %

Shares of Mativ stock opened at $4.84 on Monday. The company has a market capitalization of $263.59 million, a P/E ratio of -5.37, a price-to-earnings-growth ratio of 1.08 and a beta of 0.68. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.40 and a quick ratio of 1.29. The business has a 50-day moving average of $6.80 and a two-hundred day moving average of $10.75. Mativ Holdings, Inc. has a 1 year low of $4.34 and a 1 year high of $19.96.

Mativ (NYSE:MATV) last posted its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.17). The business had revenue of $458.60 million for the quarter, compared to the consensus estimate of $472.70 million. Mativ had a positive return on equity of 3.86% and a negative net margin of 2.46%. As a group, equities analysts predict that Mativ Holdings, Inc. will post 1.15 EPS for the current year.

Mativ Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 8.27%. The ex-dividend date of this dividend was Friday, March 14th. Mativ’s payout ratio is presently -44.44%.

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.