Glatfelter (NYSE:GLT) has been assigned an average rating of “Hold” from the six analysts that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $24.50.

GLT has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Glatfelter from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. ValuEngine lowered Glatfelter from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, BidaskClub downgraded Glatfelter from a “hold” rating to a “sell” rating in a research report on Friday, August 25th.

Glatfelter (NYSE:GLT) traded down $0.25 during trading on Friday, hitting $20.41. The company’s stock had a trading volume of 95,112 shares, compared to its average volume of 167,073. Glatfelter has a 52-week low of $16.53 and a 52-week high of $25.59. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.70 and a quick ratio of 0.94. The company has a market cap of $897.44, a PE ratio of 16.98, a price-to-earnings-growth ratio of 3.70 and a beta of 1.36.

Glatfelter (NYSE:GLT) last announced its earnings results on Tuesday, October 31st. The basic materials company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.11. Glatfelter had a return on equity of 7.96% and a net margin of 0.11%. The firm had revenue of $413.00 million during the quarter, compared to analyst estimates of $402.74 million. During the same period last year, the firm posted $0.54 EPS. The business’s revenue was up 2.0% compared to the same quarter last year. sell-side analysts expect that Glatfelter will post 1.13 earnings per share for the current fiscal year.

In other news, EVP John P. Jacunski sold 6,674 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $20.85, for a total transaction of $139,152.90. Following the transaction, the executive vice president now directly owns 57,464 shares of the company’s stock, valued at $1,198,124.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.30% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of Montreal Can grew its position in shares of Glatfelter by 73.5% during the second quarter. Bank of Montreal Can now owns 5,607 shares of the basic materials company’s stock worth $110,000 after purchasing an additional 2,376 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in Glatfelter by 10.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,828 shares of the basic materials company’s stock valued at $133,000 after buying an additional 638 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in Glatfelter by 78.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 8,597 shares of the basic materials company’s stock valued at $167,000 after buying an additional 3,787 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Glatfelter in the 3rd quarter valued at approximately $178,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Glatfelter in the 3rd quarter valued at approximately $298,000. Institutional investors and hedge funds own 91.03% of the company’s stock.

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About Glatfelter

P. H. Glatfelter Company is a manufacturer of specialty papers and fiber-based engineered materials. The Company operates through three business units: Composite Fibers, Advanced Airlaid Materials and Specialty Papers. Its Composite Fibers business unit is engaged in the sale of single-serve tea and coffee filtration papers, non-woven wallcovering materials, metallized papers, composite laminates papers, and various technically special papers, including substrates for electrical applications.

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