Mativ Holdings, Inc. (NYSE:MATV) Short Interest Up 21.3% in March

Mativ Holdings, Inc. (NYSE:MATV) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 1,410,853 shares, an increase of 21.3% from the March 15th total of 1,163,283 shares. Based on an average trading volume of 563,565 shares, the short-interest ratio is presently 2.5 days. Approximately 2.6% of the shares of the company are short sold.

Mativ Stock Performance

Shares of MATV stock opened at $9.57 on Friday. The stock has a 50-day moving average of $10.17 and a 200-day moving average of $11.41. Mativ has a one year low of $4.45 and a one year high of $15.48. The company has a debt-to-equity ratio of 2.07, a current ratio of 2.24 and a quick ratio of 1.08. The stock has a market cap of $524.83 million, a PE ratio of -1.53 and a beta of 0.86.

Mativ (NYSE:MATV) last released its earnings results on Wednesday, February 18th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.06. Mativ had a negative net margin of 16.98% and a positive return on equity of 9.79%. The business had revenue of $463.10 million during the quarter, compared to analysts’ expectations of $469.55 million. As a group, sell-side analysts expect that Mativ will post 1.15 earnings per share for the current year.

Mativ Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.40 annualized dividend and a yield of 4.2%. Mativ’s payout ratio is -6.39%.

Institutional Investors Weigh In On Mativ

Several institutional investors have recently bought and sold shares of MATV. JPMorgan Chase & Co. grew its stake in shares of Mativ by 116.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,222,212 shares of the company’s stock worth $13,823,000 after acquiring an additional 658,748 shares during the period. First Eagle Investment Management LLC grew its stake in shares of Mativ by 15.2% during the 3rd quarter. First Eagle Investment Management LLC now owns 1,013,390 shares of the company’s stock worth $11,461,000 after acquiring an additional 133,500 shares during the period. SummerHaven Investment Management LLC bought a new position in shares of Mativ during the 3rd quarter worth $1,255,000. American Century Companies Inc. grew its stake in shares of Mativ by 13.3% during the 3rd quarter. American Century Companies Inc. now owns 1,916,201 shares of the company’s stock worth $21,672,000 after acquiring an additional 225,370 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Mativ by 2.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,950,656 shares of the company’s stock worth $46,697,000 after acquiring an additional 105,582 shares during the period. Institutional investors own 94.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Mativ in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Mativ Company Profile

Mativ is a global supplier of specialty fiber-based materials and engineered solutions, established in April 2021 through the spin-off of Ahlstrom-Munksjö’s global filtration and engineered materials business. Trading on the New York Stock Exchange under the ticker MATV, the company focuses on designing and manufacturing high-performance products for a broad range of end markets, including life sciences, energy storage, industrial filtration, and consumer products.

Through its Advanced Solutions segment, Mativ produces innovative materials such as lithium-ion battery separators, specialty release liners, and pressure-sensitive adhesive tapes.