Investors Purchase Large Volume of Call Options on Mativ (NYSE:MATV)

Mativ Holdings, Inc. (NYSE:MATV) was the recipient of unusually large options trading on Wednesday. Investors bought 17,846 call options on the company. This represents an increase of 700% compared to the typical volume of 2,230 call options.

Institutional Investors Weigh In On Mativ

Several large investors have recently made changes to their positions in MATV. State Street Corp boosted its holdings in Mativ by 0.5% during the third quarter. State Street Corp now owns 2,094,310 shares of the company’s stock worth $35,582,000 after purchasing an additional 9,561 shares during the last quarter. American Century Companies Inc. boosted its holdings in Mativ by 20.2% during the fourth quarter. American Century Companies Inc. now owns 1,507,418 shares of the company’s stock worth $16,431,000 after purchasing an additional 253,365 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Mativ by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 1,247,900 shares of the company’s stock worth $13,606,000 after purchasing an additional 4,386 shares during the last quarter. Royce & Associates LP lifted its stake in Mativ by 26.1% in the fourth quarter. Royce & Associates LP now owns 1,090,774 shares of the company’s stock valued at $11,889,000 after acquiring an additional 226,090 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Mativ by 62.8% in the fourth quarter. Invesco Ltd. now owns 943,771 shares of the company’s stock valued at $10,287,000 after acquiring an additional 364,117 shares during the last quarter. Institutional investors own 94.95% of the company’s stock.

Mativ Trading Down 15.1 %

Shares of NYSE MATV opened at $5.84 on Thursday. Mativ has a fifty-two week low of $5.10 and a fifty-two week high of $19.96. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.40 and a quick ratio of 1.29. The firm has a market capitalization of $318.11 million, a P/E ratio of -6.48, a P/E/G ratio of 1.08 and a beta of 0.72. The company’s 50 day simple moving average is $8.84 and its 200 day simple moving average is $12.89.

Mativ (NYSE:MATV) 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 positive return on equity of 3.86% and a negative net margin of 2.46%. The company had revenue of $458.60 million for the quarter, compared to the consensus estimate of $472.70 million. On average, analysts predict that Mativ will post 1.15 EPS for the current year.

Mativ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 6.86%. The ex-dividend date of this dividend is Friday, March 14th. Mativ’s dividend payout ratio is -44.44%.

Analysts Set New Price Targets

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

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.