Mativ Holdings, Inc. (NYSE:MATV – Get Free Report) Director William M. Cook purchased 1,500 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was purchased at an average price of $15.52 per share, for a total transaction of $23,280.00. Following the purchase, the director now owns 18,936 shares in the company, valued at $293,886.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Mativ Stock Down 0.3 %
Shares of MATV traded down $0.05 on Monday, hitting $15.39. 299,526 shares of the stock traded hands, compared to its average volume of 401,487. The company has a market capitalization of $841.96 million, a PE ratio of -25.46, a P/E/G ratio of 2.16 and a beta of 0.80. Mativ Holdings, Inc. has a one year low of $13.92 and a one year high of $28.99. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.04 and a current ratio of 2.26. The business has a 50 day simple moving average of $16.31 and a 200 day simple moving average of $17.87.
Mativ (NYSE:MATV – Get Free Report) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.09. Mativ had a positive return on equity of 9.73% and a negative net margin of 1.21%. The firm had revenue of $668.30 million during the quarter, compared to analysts’ expectations of $679.00 million. As a group, equities analysts forecast that Mativ Holdings, Inc. will post 1.2 earnings per share for the current fiscal year.
Mativ Cuts Dividend
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the stock. Dark Forest Capital Management LP purchased a new stake in Mativ in the fourth quarter worth approximately $26,000. Rockefeller Capital Management L.P. bought a new position in shares of Mativ during the 4th quarter valued at $42,000. PNC Financial Services Group Inc. purchased a new position in shares of Mativ in the 4th quarter worth $51,000. Belpointe Asset Management LLC bought a new stake in shares of Mativ in the fourth quarter worth $52,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Mativ during the fourth quarter valued at $56,000. 91.35% of the stock is owned by hedge funds and other institutional investors.
Mativ Company Profile
Mativ Holdings, Inc operates as a performance materials company. The company operates through two segments, Advanced Technical Materials and Fiber-Based Solutions. The Advanced Technical Materials segment manufactures and sells polymer, resin and fiber-based substrates, nets, films, adhesive tapes, and other nonwovens.
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