Charles Schwab Investment Management Inc. Cuts Stake in Mativ Holdings, Inc. (NYSE:MATV)

Charles Schwab Investment Management Inc. lowered its holdings in Mativ Holdings, Inc. (NYSE:MATV) by 12.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 853,340 shares of the company’s stock after selling 116,303 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Mativ were worth $14,498,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. nVerses Capital LLC bought a new stake in shares of Mativ in the 3rd quarter valued at about $25,000. Price T Rowe Associates Inc. MD grew its position in Mativ by 17.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,556 shares of the company’s stock worth $292,000 after purchasing an additional 2,273 shares during the last quarter. Creative Planning increased its stake in Mativ by 17.6% during the 3rd quarter. Creative Planning now owns 15,330 shares of the company’s stock valued at $260,000 after purchasing an additional 2,295 shares in the last quarter. Barnett & Company Inc. lifted its holdings in shares of Mativ by 2.9% during the third quarter. Barnett & Company Inc. now owns 194,161 shares of the company’s stock worth $3,299,000 after purchasing an additional 5,500 shares during the period. Finally, Public Sector Pension Investment Board lifted its holdings in shares of Mativ by 6.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 119,537 shares of the company’s stock valued at $2,027,000 after buying an additional 7,055 shares during the period. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Analyst Ratings Changes

Separately, Stifel Nicolaus initiated coverage on Mativ in a report on Thursday, November 21st. They issued a “hold” rating and a $15.50 price target for the company.

Mativ Stock Performance

Shares of NYSE MATV opened at $12.13 on Monday. Mativ Holdings, Inc. has a 1 year low of $10.78 and a 1 year 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 company has a market capitalization of $659.14 million, a PE ratio of 6.19, a price-to-earnings-growth ratio of 3.53 and a beta of 0.64. The company’s fifty day moving average price is $14.75 and its 200 day moving average price is $16.55.

Mativ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend is Friday, November 29th. Mativ’s payout ratio is 20.41%.

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.