Mativ Holdings, Inc. (NYSE:MATV) Sees Significant Decrease in Short Interest

Key Points

• Mativ experienced a sharp drop in short interest, with a 22.0% decline to 1,100,178 shares as of April 15, equal to 2.0% of shares short and a days-to-cover ratio of 2.2.
• The company beat quarterly EPS estimates ($0.15 reported vs. $0.09 consensus) while revenue slightly missed expectations; Mativ shows a negative net margin (-16.98%) but a positive return on equity (9.79%) and a market cap of about $526M.
• Mativ recently paid a quarterly dividend of $0.10 (annualized $0.40), representing a 4.2% yield, with the ex-dividend date on March 13 and payment on March 27.

Mativ Holdings, Inc. (NYSE:MATV - Get Free Report) was the recipient of a significant decline in short interest in the month of April. As of April 15th, there was short interest totaling 1,100,178 shares, a decline of 22.0% from the March 31st total of 1,410,853 shares. Based on an average trading volume of 502,954 shares, the days-to-cover ratio is currently 2.2 days. Currently, 2.0% of the shares of the company are short sold.

Mativ Stock Down 1.6%

Shares of Mativ stock opened at $9.59 on Wednesday. Mativ has a twelve month low of $4.87 and a twelve month high of $15.48. The company has a quick ratio of 1.08, a current ratio of 2.24 and a debt-to-equity ratio of 2.07. The company's 50 day moving average is $9.48 and its 200 day moving average is $11.36. The company has a market cap of $525.93 million, a price-to-earnings ratio of -1.53 and a beta of 0.86.

Mativ (NYSE:MATV - Get Free Report) last posted its earnings results on Wednesday, February 18th. The company reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.06. The business had revenue of $463.10 million during the quarter, compared to the consensus estimate of $469.55 million. Mativ had a negative net margin of 16.98% and a positive return on equity of 9.79%. Research analysts anticipate that Mativ will post 0.85 EPS for the current year.

Mativ Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Friday, March 13th. Mativ's dividend payout ratio is -6.39%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Rockefeller Capital Management L.P. increased its position in shares of Mativ by 1,082.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,364 shares of the company's stock valued at $29,000 after purchasing an additional 2,164 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Mativ by 50.1% in the third quarter. EverSource Wealth Advisors LLC now owns 2,617 shares of the company's stock worth $30,000 after buying an additional 873 shares during the last quarter. Advisory Services Network LLC bought a new stake in Mativ during the third quarter valued at approximately $30,000. Cullen Frost Bankers Inc. purchased a new stake in Mativ during the third quarter valued at approximately $36,000. Finally, California State Teachers Retirement System increased its holdings in Mativ by 167.2% during the fourth quarter. California State Teachers Retirement System now owns 3,327 shares of the company's stock valued at $40,000 after buying an additional 2,082 shares during the last quarter. 94.95% of the stock is owned by hedge funds and other institutional investors.

About Mativ

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.

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