Brokerages Set Glatfelter (GLT) PT at $24.50
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.
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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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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