Traders Purchase Large Volume of Put Options on Solstice Advanced Mat (NASDAQ:SOLS)

Solstice Advanced Mat (NASDAQ:SOLS) was the recipient of some unusual options trading activity on Tuesday. Stock investors purchased 20,777 put options on the company. This is an increase of 4,302% compared to the average daily volume of 472 put options.

Analyst Upgrades and Downgrades

SOLS has been the subject of a number of research analyst reports. Mizuho initiated coverage on shares of Solstice Advanced Mat in a report on Friday, October 31st. They set a “neutral” rating and a $54.00 price objective for the company. Alembic Global Advisors began coverage on shares of Solstice Advanced Mat in a research report on Monday, December 1st. They set an “overweight” rating and a $60.00 target price on the stock. UBS Group lifted their price target on shares of Solstice Advanced Mat from $58.00 to $61.00 and gave the company a “buy” rating in a research note on Monday. Royal Bank Of Canada began coverage on Solstice Advanced Mat in a report on Monday, November 10th. They issued a “sector perform” rating and a $50.00 price target for the company. Finally, Vertical Research upgraded Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a report on Wednesday, January 7th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $56.60.

Institutional Trading of Solstice Advanced Mat

Several hedge funds and other institutional investors have recently bought and sold shares of SOLS. Wallington Asset Management LLC purchased a new stake in shares of Solstice Advanced Mat during the 4th quarter worth $974,000. Beacon Investment Advisory Services Inc. purchased a new position in Solstice Advanced Mat in the fourth quarter valued at about $493,000. Chesley Taft & Associates LLC bought a new position in Solstice Advanced Mat in the fourth quarter worth about $456,000. Exchange Traded Concepts LLC bought a new position in Solstice Advanced Mat in the fourth quarter worth about $1,215,000. Finally, JFS Wealth Advisors LLC purchased a new stake in shares of Solstice Advanced Mat during the fourth quarter valued at about $121,000.

Solstice Advanced Mat Trading Up 4.3%

NASDAQ SOLS opened at $57.37 on Thursday. The company’s 50 day simple moving average is $48.10. Solstice Advanced Mat has a 52-week low of $40.43 and a 52-week high of $61.00. The company has a market capitalization of $9.11 billion and a P/E ratio of -136,911.76.

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.