Aristeia Capital L.L.C. Invests $951,000 in Mativ Holdings, Inc. $MATV

Aristeia Capital L.L.C. purchased a new stake in Mativ Holdings, Inc. (NYSE:MATV) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 78,278 shares of the company’s stock, valued at approximately $951,000. Aristeia Capital L.L.C. owned approximately 0.14% of Mativ as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its holdings in Mativ by 50.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,617 shares of the company’s stock valued at $30,000 after buying an additional 873 shares during the last quarter. Advisory Services Network LLC acquired a new position in Mativ during the 3rd quarter worth approximately $30,000. California State Teachers Retirement System lifted its holdings in shares of Mativ by 167.2% in the 4th quarter. California State Teachers Retirement System now owns 3,327 shares of the company’s stock worth $40,000 after purchasing an additional 2,082 shares in the last quarter. Cullen Frost Bankers Inc. increased its position in shares of Mativ by 26.0% during the fourth quarter. Cullen Frost Bankers Inc. now owns 3,961 shares of the company’s stock worth $48,000 after acquiring an additional 818 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co purchased a new stake in shares of Mativ in the fourth quarter worth approximately $77,000. 94.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MATV. Weiss Ratings upgraded Mativ from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Wall Street Zen cut Mativ from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

Mativ Price Performance

Shares of NYSE MATV opened at $7.79 on Thursday. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.12 and a current ratio of 2.26. Mativ Holdings, Inc. has a fifty-two week low of $6.11 and a fifty-two week high of $15.48. The stock has a market cap of $429.55 million, a PE ratio of 5.82 and a beta of 0.87. The stock has a fifty day moving average of $8.71 and a 200-day moving average of $10.60.

Mativ (NYSE:MATV) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $479.60 million for the quarter, compared to analysts’ expectations of $486.90 million. Mativ had a return on equity of 11.77% and a net margin of 3.86%. Equities research analysts anticipate that Mativ Holdings, Inc. will post 0.85 earnings per share for the current year.

Mativ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, May 29th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Friday, May 29th. Mativ’s payout ratio is 29.85%.

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.