Mativ Sees Unusually Large Options Volume (NYSE:MATV)

Mativ Holdings, Inc. (NYSE:MATV) was the target of unusually large options trading on Wednesday. Investors purchased 27,002 call options on the stock. This is an increase of approximately 1,214% compared to the typical daily volume of 2,055 call options.

Hedge Funds Weigh In On Mativ

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. boosted its position in Mativ by 67.2% during the 2nd quarter. American Century Companies Inc. now owns 749,967 shares of the company’s stock worth $12,719,000 after acquiring an additional 301,488 shares during the period. Barclays PLC lifted its holdings in Mativ by 227.5% in the third quarter. Barclays PLC now owns 102,836 shares of the company’s stock worth $1,748,000 after purchasing an additional 71,436 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Mativ in the third quarter worth about $1,158,000. JPMorgan Chase & Co. increased its stake in Mativ by 44.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 196,822 shares of the company’s stock valued at $3,344,000 after buying an additional 60,930 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Mativ by 2.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,154,818 shares of the company’s stock worth $36,546,000 after buying an additional 52,858 shares in the last quarter. 94.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Mativ Stock Down 1.5 %

MATV stock opened at $9.98 on Friday. The company has a quick ratio of 1.29, a current ratio of 2.37 and a debt-to-equity ratio of 1.31. The firm’s 50-day simple moving average is $12.48 and its 200 day simple moving average is $15.56. The stock has a market cap of $542.27 million, a PE ratio of 5.09, a price-to-earnings-growth ratio of 3.32 and a beta of 0.68. Mativ has a fifty-two week low of $9.74 and a fifty-two week high of $19.96.

Mativ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.01%. Mativ’s dividend payout ratio (DPR) is presently 20.41%.

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.