US Bancorp DE lessened its position in Glatfelter Co. (NYSE:GLT) by 3.1% during the second quarter, Holdings Channel reports. The institutional investor owned 32,376 shares of the basic materials company’s stock after selling 1,043 shares during the quarter. US Bancorp DE’s holdings in Glatfelter were worth $452,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new stake in Glatfelter in the 1st quarter valued at approximately $30,000. Captrust Financial Advisors raised its position in Glatfelter by 346.3% in the 1st quarter. Captrust Financial Advisors now owns 1,919 shares of the basic materials company’s stock valued at $33,000 after buying an additional 1,489 shares during the last quarter. SG Americas Securities LLC raised its position in Glatfelter by 8.3% in the 1st quarter. SG Americas Securities LLC now owns 9,399 shares of the basic materials company’s stock valued at $161,000 after buying an additional 723 shares during the last quarter. Eaton Vance Management increased its position in shares of Glatfelter by 8.4% during the 1st quarter. Eaton Vance Management now owns 12,285 shares of the basic materials company’s stock worth $211,000 after purchasing an additional 957 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Glatfelter during the 1st quarter worth approximately $248,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.
NYSE:GLT opened at $14.67 on Wednesday. The firm has a market capitalization of $653.18 million, a price-to-earnings ratio of 25.29 and a beta of 1.39. Glatfelter Co. has a twelve month low of $12.91 and a twelve month high of $19.48. The stock’s 50 day moving average price is $15.08 and its two-hundred day moving average price is $15.46. The company has a quick ratio of 1.12, a current ratio of 2.03 and a debt-to-equity ratio of 0.78.
Separately, BMO Capital Markets raised Glatfelter from a “market perform” rating to an “outperform” rating and set a $17.00 price target on the stock in a research report on Monday, July 26th.
Glatfelter Corp. engages in the manufacture of papers and fiber-based engineered materials. It operates through the Composite Fibers and Airlaid Materials segments. The Composite Fibers segment offers food and beverage filtration materials, wallcover base materials, technical specialties, composite laminates decorative laminate solution, and metallized products.
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