A Guide To The Risks Of Investing In Mativ Holdings Inc. (MATV)


Mativ Holdings Inc.’s recent filing unveils that its Director Keenan Jeffrey acquired Company’s shares for reported $97207.0 on Dec 19. In the deal valued at $19.83 per share,4,902 shares were bought. As a result of this transaction, Keenan Jeffrey now holds 300,000 shares worth roughly $ 7.94 million.

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Then, Keenan Jeffrey bought 5,399 shares, generating $106,900 in total proceeds. Upon buying the shares at $19.80, the Director now owns 295,098 shares.

Before that, Keenan Jeffrey bought 5,000 shares. Mativ Holdings Inc. shares valued at $100,900 were divested by the Director at a price of $20.18 per share. As a result of the transaction, Keenan Jeffrey now holds 289,699 shares, worth roughly $7.67 million.

CJS Securities initiated its Mativ Holdings Inc. [MATV] rating to a Market outperform in a research note published on Monday, December 12, 2022; the price target was $32. PT values the company’s stock at a premium of 17.25 to its Monday closing price.

Price Performance Review of MATV

On Monday, Mativ Holdings Inc. [NYSE:MATV] saw its stock fall -0.41% to $26.48. On the same session, the stock had its day’s lowest price of $26.205, but rose to a high of $26.8556. Over the last five days, the stock has lost -0.97%. Mativ Holdings Inc. shares have risen nearly 26.70% since the year began. Nevertheless, the stocks have fallen -9.41% over the past one year. While a 52-week high of $31.63 was reached on 02/23/23, a 52-week low of $18.29 was recorded on 01/03/23. SMA at 50 days reached $24.52, while 200 days put it at $23.70. A total of 0.57 million shares were traded, compared to the trading of 0.93 million shares in the previous session.

Levels Of Support And Resistance For MATV Stock

The 24-hour chart illustrates a support level at 26.17, which if violated will result in even more drops to 25.86. On the upside, there is a resistance level at 26.82. A further resistance level may holdings at 27.16. The Relative Strength Index (RSI) on the 14-day chart is 52.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.05%. Stochastics %K at 50.84% indicates the stock is a holding.

How much short interest is there in Mativ Holdings Inc.?

A steep rise in short interest was recorded in Mativ Holdings Inc. stocks on Jan 30, 2023, dropping by -0.43 million shares to a total of 1.25 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 1.68 million shares. There was a decline of -34.4%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.73% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.94.

Mativ Holdings Inc. [MATV] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 8,385,197 shares, or roughly 15.26% of the outstanding MATV shares. In other words, the investor’s shares have risen by 14,033 from its previous 13-F filing of 8371164.0. Additionally, The Vanguard Group, Inc. increased 1.58% of its stake after which the total value it holdings stand at $178,288,424, while Allspring Global Investments LLC reduced -10.69% of its stake to hold $111.63 million in the firm. Over the last quarter, Rubric Capital Management LP purchased 563,241 shares of Mativ Holdings Inc., while Dimensional Fund Advisors LP bought 79,633 shares. At present, Wellington Management Co. LLP is holding 2,537,661 shares valued at $69.94 million. SSgA Funds Management, Inc. owned 2,285,086 shares of the company at the time of its most recent 13F filing, worth $62.98 million.

According to FactSet, Mativ Holdings Inc.’s share price will average $34.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 27.87 percent from its previous closing price of $26.59. Analysts expect Mativ Holdings Inc. stock to reach the higher price of $36.00, while the lowest price estimate is $32.00. However, 1 analyst have rated MATV stock as a Buy in their predictions for 2023.


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