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

Mativ Holdings, Inc. (NYSE:MATV) was the recipient of some unusual options trading activity on Friday. Investors bought 3,998 call options on the stock. This represents an increase of 84% compared to the typical daily volume of 2,168 call options.

Wall Street Analyst Weigh In

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 objective on the stock.

Hedge Funds Weigh In On Mativ

A number of institutional investors and hedge funds have recently made changes to their positions in MATV. nVerses Capital LLC purchased a new position in shares of Mativ in the 3rd quarter worth $25,000. Point72 DIFC Ltd purchased a new position in shares of Mativ in the 3rd quarter worth $35,000. Truvestments Capital LLC purchased a new position in shares of Mativ in the 3rd quarter worth $82,000. FMR LLC grew its stake in shares of Mativ by 113.3% in the 3rd quarter. FMR LLC now owns 7,716 shares of the company’s stock worth $131,000 after buying an additional 4,098 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Mativ in the 3rd quarter worth $146,000. 94.95% of the stock is owned by hedge funds and other institutional investors.

Mativ Stock Performance

Shares of NYSE MATV opened at $11.95 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.29 and a current ratio of 2.37. The company has a market cap of $649.32 million, a P/E ratio of 6.10, a P/E/G ratio of 3.29 and a beta of 0.64. The firm’s fifty day moving average is $14.32 and its two-hundred day moving average is $16.33. Mativ has a 52-week low of $10.78 and a 52-week high of $19.96.

Mativ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be paid a $0.10 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.35%. Mativ’s payout ratio is currently 20.41%.

About Mativ

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.