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

Mativ Holdings, Inc. (NYSE:MATV) was the recipient of some unusual options trading on Wednesday. Stock traders acquired 27,002 call options on the stock. This is an increase of approximately 1,214% compared to the typical daily volume of 2,055 call options.

Analyst Upgrades and Downgrades

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.

Institutional Trading of Mativ

A number of hedge funds have recently bought and sold shares of MATV. nVerses Capital LLC bought a new position in Mativ in the third quarter worth about $25,000. Point72 DIFC Ltd acquired a new stake in Mativ in the third quarter valued at approximately $35,000. Truvestments Capital LLC purchased a new position in Mativ in the third quarter worth $82,000. FMR LLC lifted its holdings in shares of Mativ by 113.3% during the 3rd quarter. FMR LLC now owns 7,716 shares of the company’s stock valued at $131,000 after purchasing an additional 4,098 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Mativ in the 3rd quarter worth $146,000. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Mativ Stock Down 0.9 %

Shares of MATV traded down $0.09 during midday trading on Wednesday, reaching $10.04. 248,902 shares of the stock were exchanged, compared to its average volume of 403,089. The company has a current ratio of 2.37, a quick ratio of 1.29 and a debt-to-equity ratio of 1.31. The company’s 50 day moving average is $12.59 and its two-hundred day moving average is $15.60. The company has a market capitalization of $545.53 million, a P/E ratio of 5.12, a PEG ratio of 3.32 and a beta of 0.68. Mativ has a 52 week low of $9.74 and a 52 week high of $19.96.

Mativ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were given a $0.10 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 3.98%. Mativ’s payout ratio is presently 20.41%.

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.