Mativ Sees Unusually Large Options Volume (NYSE:MATV)

Mativ Holdings, Inc. (NYSE:MATV) was the target of unusually large options trading activity on Wednesday. Stock investors bought 17,846 call options on the stock. This represents an increase of 700% compared to the average daily volume of 2,230 call options.

Analysts Set New Price Targets

Separately, Stifel Nicolaus began coverage on shares of Mativ in a report on Thursday, November 21st. They issued a “hold” rating and a $15.50 price objective for the company.

Hedge Funds Weigh In On Mativ

Large investors have recently made changes to their positions in the business. Point72 DIFC Ltd purchased a new position in shares of Mativ during the third quarter valued at approximately $35,000. Federated Hermes Inc. purchased a new position in Mativ in the 4th quarter worth approximately $33,000. KBC Group NV raised its holdings in Mativ by 93.2% in the 4th quarter. KBC Group NV now owns 4,787 shares of the company’s stock worth $52,000 after acquiring an additional 2,309 shares during the last quarter. Truvestments Capital LLC purchased a new position in Mativ in the 3rd quarter worth approximately $82,000. Finally, FMR LLC raised its holdings in Mativ by 113.3% in the 3rd quarter. FMR LLC now owns 7,716 shares of the company’s stock worth $131,000 after acquiring an additional 4,098 shares during the last quarter. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Mativ Price Performance

MATV stock opened at $5.67 on Friday. The firm has a 50 day moving average price of $8.74 and a 200-day moving average price of $12.84. Mativ has a 52-week low of $5.10 and a 52-week high of $19.96. The firm has a market capitalization of $308.84 million, a price-to-earnings ratio of -6.29, a PEG ratio of 1.08 and a beta of 0.72. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.29 and a current ratio of 2.40.

Mativ (NYSE:MATV) last released its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.17). Mativ had a negative net margin of 2.46% and a positive return on equity of 3.86%. The business had revenue of $458.60 million for the quarter, compared to analysts’ expectations of $472.70 million. Equities research analysts forecast that Mativ will post 1.15 EPS for the current fiscal year.

Mativ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.40 annualized dividend and a dividend yield of 7.06%. Mativ’s payout ratio is -44.44%.

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.