Mativ Holdings, Inc. (NYSE:MATV) Short Interest Up 49.0% in February

Mativ Holdings, Inc. (NYSE:MATV - Get Free Report) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 2,950,000 shares, a growth of 49.0% from the February 13th total of 1,980,000 shares. Based on an average trading volume of 636,900 shares, the days-to-cover ratio is presently 4.6 days. Approximately 5.5% of the company's shares are sold short.

Mativ Trading Down 2.3 %

MATV stock traded down $0.15 during midday trading on Wednesday, hitting $6.30. 1,516,655 shares of the company's stock were exchanged, compared to its average volume of 448,575. Mativ has a one year low of $5.10 and a one year high of $19.96. The stock's fifty day moving average price is $8.37 and its 200-day moving average price is $12.44. The company has a market cap of $343.19 million, a PE ratio of -6.99, a price-to-earnings-growth 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 - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $472.70 million. Research analysts predict that Mativ will post 1.15 earnings per share for the current fiscal year.

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Mativ Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 6.35%. The ex-dividend date of this dividend is Friday, March 14th. Mativ's payout ratio is presently -44.44%.

Analyst Ratings Changes

Separately, Stifel Nicolaus initiated coverage on shares of Mativ in a research note on Thursday, November 21st. They issued a "hold" rating and a $15.50 target price for the company.

Institutional Trading of Mativ

Hedge funds and other institutional investors have recently modified their holdings of the company. Point72 DIFC Ltd bought a new position in shares of Mativ during the third quarter worth about $35,000. Federated Hermes Inc. acquired a new stake in shares of Mativ in the fourth quarter valued at approximately $33,000. KBC Group NV lifted its position in shares of Mativ by 93.2% in the fourth quarter. KBC Group NV now owns 4,787 shares of the company's stock worth $52,000 after purchasing an additional 2,309 shares in the last quarter. Truvestments Capital LLC acquired a new position in Mativ during the third quarter worth $82,000. Finally, FMR LLC grew its position in Mativ by 113.3% in the third quarter. FMR LLC now owns 7,716 shares of the company's stock valued at $131,000 after purchasing an additional 4,098 shares in the last quarter. Institutional investors and hedge funds own 94.95% of the company's stock.

Mativ Company Profile

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.