Bridgeway Capital Management LLC Decreases Stake in Mativ Holdings, Inc. $MATV

Bridgeway Capital Management LLC lessened its holdings in shares of Mativ Holdings, Inc. (NYSE:MATV) by 15.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 459,593 shares of the company’s stock after selling 81,839 shares during the period. Bridgeway Capital Management LLC’s holdings in Mativ were worth $2,863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of Mativ by 119.7% during the first quarter. GAMMA Investing LLC now owns 4,462 shares of the company’s stock worth $28,000 after purchasing an additional 2,431 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of Mativ by 44.4% during the fourth quarter. ProShare Advisors LLC now owns 16,276 shares of the company’s stock worth $177,000 after purchasing an additional 5,007 shares during the last quarter. QRG Capital Management Inc. purchased a new position in shares of Mativ during the first quarter worth $64,000. Hsbc Holdings PLC raised its holdings in shares of Mativ by 61.2% during the first quarter. Hsbc Holdings PLC now owns 38,828 shares of the company’s stock worth $242,000 after purchasing an additional 14,734 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Mativ by 24.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 94,747 shares of the company’s stock worth $1,033,000 after purchasing an additional 18,531 shares during the last quarter. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Wall Street Zen raised shares of Mativ from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Zacks Research raised shares of Mativ to a “strong-buy” rating in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Strong Buy” and an average target price of $10.00.

Mativ Stock Up 2.9%

MATV stock opened at $12.40 on Friday. The firm has a market cap of $677.91 million, a PE ratio of -1.49 and a beta of 0.83. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.21 and a current ratio of 2.37. The firm’s fifty day moving average is $9.14 and its 200 day moving average is $7.07. Mativ Holdings, Inc. has a one year low of $4.34 and a one year high of $19.96.

Mativ (NYSE:MATV) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.18 by $0.15. The company had revenue of $525.40 million for the quarter, compared to analyst estimates of $505.00 million. Mativ had a negative net margin of 23.09% and a positive return on equity of 4.12%. On average, research analysts forecast that Mativ Holdings, Inc. will post 1.15 EPS for the current year.

Mativ Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, August 29th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, August 29th. Mativ’s dividend payout ratio (DPR) is currently -4.79%.

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.