Barclays PLC Purchases 71,436 Shares of Mativ Holdings, Inc. (NYSE:MATV)

Barclays PLC lifted its position in shares of Mativ Holdings, Inc. (NYSE:MATV) by 227.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,836 shares of the company’s stock after purchasing an additional 71,436 shares during the quarter. Barclays PLC’s holdings in Mativ were worth $1,748,000 as of its most recent filing with the Securities & Exchange Commission.

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

Mativ Trading Down 3.5 %

Mativ stock opened at $9.61 on Friday. Mativ Holdings, Inc. has a 12 month low of $9.45 and a 12 month high of $19.96. The company has a market capitalization of $522.17 million, a price-to-earnings ratio of 4.90, a price-to-earnings-growth ratio of 3.32 and a beta of 0.68. The business’s fifty day simple moving average is $12.25 and its two-hundred day simple moving average is $15.45. The company has a current ratio of 2.37, a quick ratio of 1.29 and a debt-to-equity ratio of 1.31.

Mativ Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date of this dividend was Friday, November 29th. Mativ’s payout ratio is 20.41%.

Analyst Ratings Changes

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

Mativ Company 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.