Chesapeake Capital Corp IL Has $226,000 Stock Holdings in Mativ Holdings, Inc. (NYSE:MATV)

Chesapeake Capital Corp IL cut its holdings in Mativ Holdings, Inc. (NYSE:MATV) by 7.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,301 shares of the company’s stock after selling 1,060 shares during the quarter. Chesapeake Capital Corp IL’s holdings in Mativ were worth $226,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wellington Management Group LLP grew its position in shares of Mativ by 3.8% in the 4th quarter. Wellington Management Group LLP now owns 3,583,501 shares of the company’s stock valued at $54,863,000 after purchasing an additional 130,362 shares during the period. First Eagle Investment Management LLC grew its position in shares of Mativ by 70.2% in the 4th quarter. First Eagle Investment Management LLC now owns 317,412 shares of the company’s stock valued at $4,860,000 after purchasing an additional 130,912 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Mativ by 579.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,713,790 shares of the company’s stock valued at $26,238,000 after purchasing an additional 1,461,640 shares during the period. BNP Paribas Financial Markets boosted its position in Mativ by 425.6% during the 1st quarter. BNP Paribas Financial Markets now owns 139,984 shares of the company’s stock worth $2,625,000 after acquiring an additional 113,350 shares during the last quarter. Finally, Tidal Investments LLC acquired a new position in Mativ during the 1st quarter worth approximately $1,033,000. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Mativ Stock Performance

NYSE:MATV opened at $17.57 on Wednesday. Mativ Holdings, Inc. has a twelve month low of $10.78 and a twelve month high of $19.62. The company has a quick ratio of 1.33, a current ratio of 2.46 and a debt-to-equity ratio of 1.28. The business has a 50 day moving average price of $17.50 and a two-hundred day moving average price of $17.68. The company has a market cap of $954.46 million, a P/E ratio of -2.91, a price-to-earnings-growth ratio of 3.66 and a beta of 0.70.

Mativ (NYSE:MATV) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.13. Mativ had a positive return on equity of 5.19% and a negative net margin of 16.55%. The firm had revenue of $523.80 million during the quarter, compared to the consensus estimate of $526.50 million. During the same quarter in the prior year, the firm posted $0.51 EPS. As a group, analysts expect that Mativ Holdings, Inc. will post 0.82 EPS for the current fiscal year.

Mativ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 23rd will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date is Friday, August 23rd. Mativ’s dividend 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.