Mativ Target of Unusually High Options Trading (NYSE:MATV)

Mativ Holdings, Inc. (NYSE:MATV - Get Free Report) was the recipient of some unusual options trading activity on Wednesday. Investors purchased 18,453 call options on the company. This represents an increase of approximately 908% compared to the typical volume of 1,831 call options.

Wall Street Analyst Weigh In

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

Mativ Stock Performance

Mativ stock traded up $0.02 on Wednesday, hitting $9.46. The company's stock had a trading volume of 127,735 shares, compared to its average volume of 419,759. The company has a fifty day moving average price of $11.30 and a 200-day moving average price of $14.89. The firm has a market cap of $514.06 million, a P/E ratio of 4.84, a price-to-earnings-growth ratio of 1.38 and a beta of 0.68. Mativ has a one year low of $9.21 and a one year high of $19.96. The company has a quick ratio of 1.29, a current ratio of 2.37 and a debt-to-equity ratio of 1.31.

Mativ (NYSE:MATV - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.05). Mativ had a return on equity of 4.88% and a net margin of 5.44%. The company had revenue of $498.50 million for the quarter, compared to the consensus estimate of $523.80 million. During the same quarter last year, the business earned $0.21 EPS. On average, equities analysts anticipate that Mativ will post 0.6 earnings per share for the current year.

Mativ Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.40 annualized dividend and a yield of 4.23%. Mativ's dividend payout ratio is currently 20.41%.

Institutional Investors Weigh In On Mativ

A number of institutional investors have recently made changes to their positions in MATV. nVerses Capital LLC acquired a new stake in Mativ during the 3rd quarter worth approximately $25,000. Point72 DIFC Ltd bought a new position in shares of Mativ during the third quarter worth about $35,000. KBC Group NV raised its position in Mativ by 93.2% in the 4th quarter. KBC Group NV now owns 4,787 shares of the company's stock valued at $52,000 after buying an additional 2,309 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of Mativ in the 3rd quarter valued at about $82,000. Finally, FMR LLC increased its position in shares of 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 acquiring an additional 4,098 shares during the last quarter. 94.95% of the stock is owned by institutional investors and hedge funds.

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.

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