Maryland State Retirement & Pension System Has $321,000 Holdings in Mativ Holdings, Inc. (NYSE:MATV)

Maryland State Retirement & Pension System cut its position in shares of Mativ Holdings, Inc. (NYSE:MATV) by 3.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,940 shares of the company’s stock after selling 759 shares during the period. Maryland State Retirement & Pension System’s holdings in Mativ were worth $321,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in MATV. Wellington Management Group LLP raised its position in Mativ by 3.8% during the fourth quarter. Wellington Management Group LLP now owns 3,583,501 shares of the company’s stock valued at $54,863,000 after acquiring an additional 130,362 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Mativ by 579.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,713,790 shares of the company’s stock valued at $26,238,000 after purchasing an additional 1,461,640 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in Mativ by 12.9% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,544,028 shares of the company’s stock worth $26,187,000 after purchasing an additional 176,600 shares in the last quarter. Invenomic Capital Management LP increased its position in Mativ by 4.1% during the fourth quarter. Invenomic Capital Management LP now owns 533,610 shares of the company’s stock worth $8,170,000 after buying an additional 20,938 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Mativ by 2,139.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 527,633 shares of the company’s stock valued at $9,893,000 after buying an additional 504,071 shares in the last quarter. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Mativ Price Performance

Shares of NYSE:MATV opened at $18.28 on Thursday. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.46 and a quick ratio of 1.33. The stock has a market capitalization of $993.15 million, a P/E ratio of -3.03, a P/E/G ratio of 3.85 and a beta of 0.70. The business has a 50-day moving average of $17.42 and a two-hundred day moving average of $17.55. Mativ Holdings, Inc. has a fifty-two week low of $10.78 and a fifty-two week high of $19.62.

Mativ (NYSE:MATV) last posted its earnings results on Wednesday, August 7th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.13. Mativ had a positive return on equity of 5.19% and a negative net margin of 16.55%. The firm had revenue of $523.80 million during the quarter, compared to analyst estimates of $526.50 million. During the same period in the previous year, the company earned $0.51 EPS. On average, equities research analysts predict that Mativ Holdings, Inc. will post 0.82 EPS for the current fiscal year.

Mativ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 23rd will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Friday, August 23rd. Mativ’s dividend payout ratio is currently -6.62%.

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.