Wall Street Zen Downgrades Mativ (NYSE:MATV) to Buy

Mativ (NYSE:MATV) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Sunday.

Separately, Weiss Ratings raised Mativ from a “sell (d-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce”.

Mativ Trading Up 3.9%

Shares of Mativ stock opened at $9.07 on Friday. The company’s fifty day simple moving average is $8.01 and its 200-day simple moving average is $9.56. The stock has a market capitalization of $500.16 million, a PE ratio of 6.77 and a beta of 0.87. Mativ has a 1-year low of $6.27 and a 1-year high of $15.48. The company has a debt-to-equity ratio of 2.22, a current ratio of 2.26 and a quick ratio of 1.12.

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, beating analysts’ consensus estimates of $0.02 by $0.04. Mativ had a net margin of 3.86% and a return on equity of 11.77%. The firm had revenue of $479.60 million during the quarter, compared to the consensus estimate of $486.90 million. As a group, equities analysts anticipate that Mativ will post 0.85 earnings per share for the current year.

Institutional Trading of Mativ

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Byrne Asset Management LLC purchased a new position in shares of Mativ during the 2nd quarter valued at $149,000. NewEdge Advisors LLC raised its holdings in Mativ by 10,248.2% during the first quarter. NewEdge Advisors LLC now owns 19,765 shares of the company’s stock valued at $172,000 after acquiring an additional 19,574 shares during the period. Arete Wealth Advisors LLC bought a new stake in Mativ during the first quarter valued at about $1,155,000. Bank of America Corp DE lifted its position in shares of Mativ by 9.9% in the first quarter. Bank of America Corp DE now owns 586,036 shares of the company’s stock valued at $5,099,000 after acquiring an additional 52,830 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in shares of Mativ by 9.9% in the first quarter. Empowered Funds LLC now owns 271,477 shares of the company’s stock worth $2,362,000 after acquiring an additional 24,403 shares during the period. 94.95% of the stock is owned by hedge funds and other institutional investors.

Mativ Company Profile

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.