Mativ (NYSE:MATV) Stock Price Down 6.5% – Time to Sell?

Shares of Mativ Holdings, Inc. (NYSE:MATV) fell 6.5% on Thursday . The company traded as low as $13.35 and last traded at $13.5050. 130,157 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 282,015 shares. The stock had previously closed at $14.44.

Analyst Ratings Changes

A number of research firms have weighed in on MATV. Wall Street Zen raised shares of Mativ from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Weiss Ratings reissued a “sell (d)” rating on shares of Mativ in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Mativ has a consensus rating of “Hold” and a consensus target price of $10.00.

Mativ Trading Down 11.6%

The business’s 50-day simple moving average is $12.97 and its two-hundred day simple moving average is $12.02. The firm has a market capitalization of $698.28 million, a price-to-earnings ratio of -1.59 and a beta of 0.82. The company has a quick ratio of 1.09, a current ratio of 2.14 and a debt-to-equity ratio of 2.62.

Mativ (NYSE:MATV) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. The firm had revenue of $463.10 million during the quarter, compared to analysts’ expectations of $469.55 million. Mativ had a negative net margin of 22.03% and a positive return on equity of 7.06%. Equities analysts forecast that Mativ Holdings, Inc. will post 1.15 earnings per share for the current year.

Mativ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be paid a $0.10 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.40 dividend on an annualized basis and a yield of 3.1%. Mativ’s dividend payout ratio (DPR) is currently -4.98%.

Hedge Funds Weigh In On Mativ

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MATV. Cullen Frost Bankers Inc. grew its position in Mativ by 26.0% in the 4th quarter. Cullen Frost Bankers Inc. now owns 3,961 shares of the company’s stock valued at $48,000 after buying an additional 818 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Mativ by 50.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,617 shares of the company’s stock worth $30,000 after purchasing an additional 873 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of Mativ by 3.7% in the 3rd quarter. Raymond James Financial Inc. now owns 26,734 shares of the company’s stock valued at $302,000 after buying an additional 951 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Mativ by 5.0% in the second quarter. The Manufacturers Life Insurance Company now owns 20,608 shares of the company’s stock valued at $141,000 after buying an additional 976 shares in the last quarter. Finally, Gabelli Funds LLC grew its holdings in Mativ by 2.9% during the third quarter. Gabelli Funds LLC now owns 35,200 shares of the company’s stock worth $398,000 after acquiring an additional 1,000 shares during the period. 94.95% of the stock is owned by institutional investors and hedge funds.

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.