Mativ Holdings, Inc. (NYSE:MATV) Sees Significant Growth in Short Interest

Mativ Holdings, Inc. (NYSE:MATV) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 2,950,000 shares, an increase of 49.0% from the February 13th total of 1,980,000 shares. Approximately 5.5% of the company’s stock are sold short. Based on an average trading volume of 636,900 shares, the short-interest ratio is currently 4.6 days.

Institutional Trading of Mativ

Large investors have recently made changes to their positions in the stock. Mackenzie Financial Corp acquired a new stake in Mativ in the 4th quarter worth approximately $469,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position 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 valued at $1,033,000 after purchasing an additional 18,531 shares during the period. Squarepoint Ops LLC lifted 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 buying an additional 56,665 shares during the last quarter. Sherbrooke Park Advisers LLC bought a new stake in shares of Mativ during the 4th quarter worth $145,000. Finally, ProShare Advisors LLC grew its stake in Mativ by 44.4% in the 4th quarter. ProShare Advisors LLC now owns 16,276 shares of the company’s stock valued at $177,000 after buying an additional 5,007 shares during the last quarter. Institutional investors own 94.95% of the company’s stock.

Analyst Upgrades and Downgrades

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

Mativ Stock Up 6.6 %

Shares of Mativ stock traded up $0.38 during trading on Friday, hitting $6.05. 1,775,486 shares of the stock traded hands, compared to its average volume of 437,524. The company has a fifty day moving average price of $8.54 and a two-hundred day moving average price of $12.66. Mativ has a twelve month low of $5.10 and a twelve month high of $19.96. The stock has a market cap of $329.56 million, a P/E ratio of -6.72, a PEG 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) last posted its earnings results on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.17). The business had revenue of $458.60 million during the quarter, compared to the consensus estimate of $472.70 million. Mativ had a positive return on equity of 3.86% and a negative net margin of 2.46%. Equities research analysts predict that Mativ will post 1.15 EPS for the current fiscal year.

Mativ Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.40 annualized dividend and a yield of 6.62%. Mativ’s dividend payout ratio (DPR) is currently -44.44%.

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.