Investors Buy High Volume of Mativ Call Options (NYSE:MATV)

Mativ Holdings, Inc. (NYSE:MATV) saw unusually large options trading on Wednesday. Stock investors bought 27,002 call options on the stock. This represents an increase of approximately 1,214% compared to the average daily volume of 2,055 call options.

Mativ Trading Down 1.5 %

Shares of NYSE MATV opened at $9.98 on Thursday. The company has a market cap of $542.27 million, a price-to-earnings ratio of 5.09, a price-to-earnings-growth ratio of 3.32 and a beta of 0.68. Mativ has a 12-month low of $9.74 and a 12-month high of $19.96. 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 stock’s 50 day simple moving average is $12.59 and its 200 day simple moving average is $15.60.

Mativ Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 4.01%. The ex-dividend date was Friday, November 29th. Mativ’s dividend payout ratio (DPR) is 20.41%.

Institutional Trading of Mativ

Hedge funds have recently made changes to their positions in the stock. nVerses Capital LLC bought a new stake in Mativ during the 3rd quarter valued at $25,000. Point72 DIFC Ltd bought a new stake in Mativ during the 3rd quarter valued at $35,000. Truvestments Capital LLC bought a new stake in Mativ during the 3rd quarter valued at $82,000. FMR LLC raised its stake in 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 acquiring an additional 4,098 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Mativ during the 3rd quarter valued at $146,000. Institutional investors own 94.95% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.