Short Interest in Mativ Holdings, Inc. (NYSE:MATV) Expands By 62.0%

Mativ Holdings, Inc. (NYSE:MATV) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 1,110,000 shares, a growth of 62.0% from the September 15th total of 685,000 shares. Approximately 2.1% of the shares of the company are sold short. Based on an average daily volume of 600,900 shares, the short-interest ratio is currently 1.8 days. Based on an average daily volume of 600,900 shares, the short-interest ratio is currently 1.8 days. Approximately 2.1% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Several research analysts have issued reports on MATV shares. Wall Street Zen raised Mativ from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Mativ in a research note on Wednesday, October 8th. Finally, Zacks Research downgraded Mativ from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $10.00.

Institutional Investors Weigh In On Mativ

A number of institutional investors and hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its position in Mativ by 5.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,608 shares of the company’s stock valued at $141,000 after purchasing an additional 976 shares in the last quarter. GAMMA Investing LLC increased its position in Mativ by 119.7% during the 1st quarter. GAMMA Investing LLC now owns 4,462 shares of the company’s stock valued at $28,000 after buying an additional 2,431 shares in the last quarter. US Bancorp DE increased its position in Mativ by 204.2% during the 1st quarter. US Bancorp DE now owns 5,677 shares of the company’s stock valued at $35,000 after buying an additional 3,811 shares in the last quarter. CWM LLC increased its position in Mativ by 707.7% during the 1st quarter. CWM LLC now owns 4,701 shares of the company’s stock valued at $29,000 after buying an additional 4,119 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in Mativ by 186.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 9,448 shares of the company’s stock valued at $64,000 after buying an additional 6,146 shares in the last quarter. 94.95% of the stock is owned by institutional investors.

Mativ Price Performance

Shares of Mativ stock opened at $11.53 on Friday. The stock has a market cap of $630.45 million, a price-to-earnings ratio of -1.38 and a beta of 0.83. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.21 and a current ratio of 2.37. The stock has a 50 day moving average price of $11.66 and a 200-day moving average price of $8.24. Mativ has a one year low of $4.34 and a one year high of $17.47.

Mativ (NYSE:MATV) last announced its earnings results on Wednesday, August 6th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.15. Mativ had a positive return on equity of 4.12% and a negative net margin of 23.09%.The firm had revenue of $525.40 million during the quarter, compared to analysts’ expectations of $505.00 million. Equities analysts expect that Mativ will post 1.15 EPS for the current year.

Mativ Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, August 29th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, August 29th. This represents a $0.40 dividend on an annualized basis and a yield of 3.5%. Mativ’s payout ratio is presently -4.79%.

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.