Jane Street Group LLC Sells 291,606 Shares of Mativ Holdings, Inc. (NYSE:MATV)

Jane Street Group LLC reduced its stake in shares of Mativ Holdings, Inc. (NYSE:MATV) by 73.1% in the third quarter, HoldingsChannel.com reports. The fund owned 107,519 shares of the company’s stock after selling 291,606 shares during the quarter. Jane Street Group LLC’s holdings in Mativ were worth $1,827,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. nVerses Capital LLC bought a new position in Mativ during the third quarter valued at approximately $25,000. Point72 DIFC Ltd purchased a new stake in shares of Mativ in the 3rd quarter valued at $35,000. Truvestments Capital LLC purchased a new position in Mativ in the 3rd quarter worth $82,000. FMR LLC raised its position in Mativ by 113.3% in the 3rd quarter. FMR LLC now owns 7,716 shares of the company’s stock worth $131,000 after purchasing an additional 4,098 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Mativ during the third quarter valued at about $146,000. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Stifel Nicolaus assumed coverage on Mativ in a report on Thursday, November 21st. They issued a “hold” rating and a $15.50 price objective on the stock.

Mativ Stock Performance

Shares of MATV stock opened at $11.12 on Thursday. The company has a market capitalization of $604.22 million, a P/E ratio of 5.67, a PEG ratio of 3.32 and a beta of 0.64. Mativ Holdings, Inc. has a fifty-two week low of $10.78 and a fifty-two week high of $19.96. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.29 and a current ratio of 2.37. The stock has a 50 day moving average price of $13.64 and a two-hundred day moving average price of $16.04.

Mativ Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 3.60%. Mativ’s dividend payout ratio is currently 20.41%.

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.