Mativ Holdings, Inc. (NYSE:MATV) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its position in shares of Mativ Holdings, Inc. (NYSE:MATV) by 0.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 288,217 shares of the company’s stock after selling 1,233 shares during the period. Principal Financial Group Inc. owned about 0.53% of Mativ worth $5,404,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MATV. GAMMA Investing LLC raised its position in shares of Mativ by 12.2% in the 1st quarter. GAMMA Investing LLC now owns 7,402 shares of the company’s stock valued at $139,000 after purchasing an additional 803 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Mativ by 93.7% during the 4th quarter. Quadrant Capital Group LLC now owns 2,385 shares of the company’s stock valued at $37,000 after acquiring an additional 1,154 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Mativ by 18.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,254 shares of the company’s stock worth $126,000 after acquiring an additional 1,314 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Mativ by 11.5% in the 4th quarter. SG Americas Securities LLC now owns 13,556 shares of the company’s stock worth $208,000 after purchasing an additional 1,398 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of Mativ by 6.6% in the 4th quarter. New York State Common Retirement Fund now owns 50,653 shares of the company’s stock valued at $775,000 after purchasing an additional 3,142 shares in the last quarter. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Mativ Stock Down 3.0 %

NYSE:MATV traded down $0.49 during mid-day trading on Friday, reaching $16.02. The stock had a trading volume of 20,220 shares, compared to its average volume of 423,448. The stock’s 50 day simple moving average is $17.63 and its two-hundred day simple moving average is $16.29. Mativ Holdings, Inc. has a 1-year low of $10.78 and a 1-year high of $19.34. The company has a market capitalization of $870.21 million, a price-to-earnings ratio of -2.68, a price-to-earnings-growth ratio of 2.75 and a beta of 0.70. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.54 and a quick ratio of 1.40.

Mativ (NYSE:MATV) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.23). The business had revenue of $500.20 million during the quarter, compared to analyst estimates of $492.10 million. Mativ had a positive return on equity of 5.79% and a negative net margin of 15.56%. Equities analysts anticipate that Mativ Holdings, Inc. will post 1 EPS for the current year.

Mativ Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, May 24th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 2.50%. Mativ’s 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.