Mativ (NYSE:MATV) Cut to Buy at Wall Street Zen

Wall Street Zen lowered shares of Mativ (NYSE:MATV) from a strong-buy rating to a buy rating in a research report released on Sunday morning.

Separately, Weiss Ratings upgraded Mativ from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Mativ Stock Performance

NYSE:MATV opened at $9.19 on Friday. Mativ has a fifty-two week low of $6.27 and a fifty-two week high of $15.48. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.12 and a current ratio of 2.26. The company has a 50 day moving average price of $8.02 and a 200 day moving average price of $9.54. The stock has a market capitalization of $506.44 million, a P/E ratio of 6.86 and a beta of 0.87.

Mativ (NYSE:MATV) last announced its earnings results on Wednesday, May 6th. The company reported $0.06 earnings per share (EPS) 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 company had revenue of $479.60 million for the quarter, compared to analyst estimates of $486.90 million. Equities research analysts forecast that Mativ will post 0.85 EPS for the current year.

Hedge Funds Weigh In On Mativ

Several institutional investors have recently modified their holdings of MATV. Allspring Global Investments Holdings LLC increased its position in shares of Mativ by 3.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,089,594 shares of the company’s stock worth $35,661,000 after acquiring an additional 138,938 shares during the period. Vanguard Group Inc. boosted its holdings in Mativ by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 3,738,809 shares of the company’s stock valued at $45,427,000 after purchasing an additional 194,225 shares during the period. Dimensional Fund Advisors LP grew its stake in Mativ by 6.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,317,550 shares of the company’s stock worth $20,162,000 after purchasing an additional 147,577 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Mativ by 11.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,787,617 shares of the company’s stock worth $21,720,000 after purchasing an additional 188,677 shares in the last quarter. Finally, Invenomic Capital Management LP increased its holdings in Mativ by 1.8% during the 4th quarter. Invenomic Capital Management LP now owns 1,719,063 shares of the company’s stock worth $20,887,000 after purchasing an additional 30,182 shares during the period. Institutional investors and hedge funds own 94.95% of the company’s stock.

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.