683 Capital Management LLC Takes $7.93 Million Position in Solstice Advanced Mat $SOLS

683 Capital Management LLC bought a new stake in Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 163,146 shares of the company’s stock, valued at approximately $7,926,000.

A number of other institutional investors also recently modified their holdings of the company. Guggenheim Capital LLC bought a new position in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $1,197,000. Caisse de depot et placement du Quebec acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $1,505,000. Paulson & CO. Inc. acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $67,807,000. Luminus Management LLC acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $4,767,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $24,128,000.

Solstice Advanced Mat Price Performance

SOLS opened at $85.14 on Thursday. The company has a fifty day moving average price of $82.36 and a two-hundred day moving average price of $70.15. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43. Solstice Advanced Mat has a 52 week low of $40.43 and a 52 week high of $90.80. The firm has a market capitalization of $13.52 billion and a PE ratio of 95.66.

Solstice Advanced Mat (NASDAQ:SOLS) last released its earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $991.00 million for the quarter, compared to analyst estimates of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. As a group, analysts anticipate that Solstice Advanced Mat will post 2.62 earnings per share for the current year.

Solstice Advanced Mat Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, May 27th. Solstice Advanced Mat’s payout ratio is currently 33.71%.

Analyst Ratings Changes

A number of brokerages recently weighed in on SOLS. Royal Bank Of Canada raised their price target on shares of Solstice Advanced Mat from $94.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, June 5th. UBS Group raised their price target on shares of Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a report on Friday, May 8th. BMO Capital Markets raised their price target on shares of Solstice Advanced Mat from $92.00 to $101.00 and gave the company an “outperform” rating in a report on Friday, June 5th. Truist Financial began coverage on shares of Solstice Advanced Mat in a report on Monday, June 8th. They issued a “hold” rating and a $90.00 price target for the company. Finally, Wall Street Zen raised shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Solstice Advanced Mat presently has a consensus rating of “Hold” and a consensus price target of $87.38.

About Solstice Advanced Mat

Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more.