Mativ Sees Unusually Large Options Volume (NYSE:MATV)

Mativ Holdings, Inc. (NYSE:MATV) was the target of some unusual options trading on Wednesday. Stock traders bought 17,846 call options on the company. This is an increase of approximately 700% compared to the average volume of 2,230 call options.

Mativ Stock Down 3.5 %

MATV opened at $5.67 on Friday. The stock has a market cap of $308.84 million, a PE ratio of -6.29, a P/E/G ratio of 1.08 and a beta of 0.72. The company has a quick ratio of 1.29, a current ratio of 2.40 and a debt-to-equity ratio of 1.28. Mativ has a 52 week low of $5.10 and a 52 week high of $19.96. The business’s fifty day simple moving average is $8.74 and its 200 day simple moving average is $12.84.

Mativ (NYSE:MATV) last released its earnings results on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $458.60 million during the quarter, compared to the consensus estimate of $472.70 million. As a group, research analysts expect that Mativ will post 1.15 earnings per share for the current fiscal 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 paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.06%. Mativ’s dividend payout ratio (DPR) is currently -44.44%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Mackenzie Financial Corp bought a new position in shares of Mativ during the fourth quarter valued at about $469,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Mativ by 24.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 94,747 shares of the company’s stock worth $1,033,000 after purchasing an additional 18,531 shares during the last quarter. Squarepoint Ops LLC grew its stake in shares of Mativ by 477.1% in the fourth quarter. Squarepoint Ops LLC now owns 68,542 shares of the company’s stock worth $747,000 after purchasing an additional 56,665 shares during the last quarter. Sherbrooke Park Advisers LLC bought a new stake in shares of Mativ in the fourth quarter worth about $145,000. Finally, ProShare Advisors LLC grew its stake in shares of Mativ by 44.4% in the fourth quarter. ProShare Advisors LLC now owns 16,276 shares of the company’s stock worth $177,000 after purchasing an additional 5,007 shares during the last quarter. 94.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Stifel Nicolaus initiated coverage on Mativ in a research note on Thursday, November 21st. They issued a “hold” rating and a $15.50 target price on the 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.