Aristeia Capital L.L.C. Purchases Shares of 78,278 Mativ Holdings, Inc. $MATV

Aristeia Capital L.L.C. acquired a new position in Mativ Holdings, Inc. (NYSE:MATV) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 78,278 shares of the company’s stock, valued at approximately $951,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Millennium Management LLC lifted its position in Mativ by 1,978.4% during the first quarter. Millennium Management LLC now owns 996,673 shares of the company’s stock valued at $6,209,000 after purchasing an additional 948,720 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Mativ by 116.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,222,212 shares of the company’s stock valued at $13,823,000 after buying an additional 658,748 shares in the last quarter. UBS Group AG lifted its holdings in shares of Mativ by 144.9% during the 3rd quarter. UBS Group AG now owns 688,273 shares of the company’s stock worth $7,784,000 after acquiring an additional 407,275 shares during the last quarter. Nomura Holdings Inc. bought a new stake in shares of Mativ during the 2nd quarter worth $2,450,000. Finally, Zacks Investment Management purchased a new position in Mativ in the third quarter worth $3,561,000. 94.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Weiss Ratings upgraded Mativ from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Wall Street Zen lowered Mativ from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce”.

Mativ Price Performance

Shares of Mativ stock opened at $7.79 on Thursday. The company has a debt-to-equity ratio of 2.22, a current ratio of 2.26 and a quick ratio of 1.12. Mativ Holdings, Inc. has a one year low of $6.11 and a one year high of $15.48. The business’s 50 day simple moving average is $8.71 and its two-hundred day simple moving average is $10.60. The stock has a market capitalization of $429.55 million, a P/E ratio of 5.82 and a beta of 0.87.

Mativ (NYSE:MATV) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. Mativ had a return on equity of 11.77% and a net margin of 3.86%.The firm had revenue of $479.60 million during the quarter, compared to analyst estimates of $486.90 million. Analysts forecast that Mativ Holdings, Inc. will post 0.85 EPS for the current year.

Mativ Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.40 annualized dividend and a yield of 5.1%. Mativ’s dividend payout ratio is presently 29.85%.

About Mativ

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.