P H Glatfelter (GLT) Reaches New 52-Week Low at $11.55

P H Glatfelter Co (NYSE:GLT) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $11.55 and last traded at $11.73, with a volume of 321460 shares trading hands. The stock had previously closed at $11.83.

A number of brokerages have issued reports on GLT. Zacks Investment Research lowered shares of P H Glatfelter from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 13th. ValuEngine raised shares of P H Glatfelter from a “hold” rating to a “buy” rating in a report on Monday, November 12th. DA Davidson dropped their price objective on shares of P H Glatfelter to $19.00 and set a “buy” rating on the stock in a report on Wednesday, November 7th. Sidoti upped their price objective on shares of P H Glatfelter from $23.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, October 10th. Finally, BMO Capital Markets upped their price objective on shares of P H Glatfelter from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, August 23rd. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $24.00.

The firm has a market cap of $517.94 million, a P/E ratio of 10.11, a price-to-earnings-growth ratio of 18.93 and a beta of 1.10. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.73 and a current ratio of 2.24.

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in P H Glatfelter by 1.4% during the third quarter. Vanguard Group Inc. now owns 4,689,417 shares of the basic materials company’s stock worth $89,614,000 after buying an additional 65,519 shares in the last quarter. Legal & General Group Plc boosted its holdings in P H Glatfelter by 10.4% during the third quarter. Legal & General Group Plc now owns 102,205 shares of the basic materials company’s stock worth $1,953,000 after buying an additional 9,589 shares in the last quarter. MetLife Investment Advisors LLC boosted its holdings in P H Glatfelter by 54.0% during the third quarter. MetLife Investment Advisors LLC now owns 32,769 shares of the basic materials company’s stock worth $626,000 after buying an additional 11,491 shares in the last quarter. NWQ Investment Management Company LLC boosted its holdings in P H Glatfelter by 10.1% during the third quarter. NWQ Investment Management Company LLC now owns 3,356,379 shares of the basic materials company’s stock worth $61,388,000 after buying an additional 308,593 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in P H Glatfelter by 216.0% during the third quarter. Renaissance Technologies LLC now owns 39,500 shares of the basic materials company’s stock worth $755,000 after buying an additional 27,000 shares in the last quarter. 94.93% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This piece was first posted by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this piece on another publication, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark legislation. The original version of this piece can be viewed at https://sportsperspectives.com/2018/12/11/p-h-glatfelter-glt-reaches-new-52-week-low-at-11-55.html.

P H Glatfelter Company Profile (NYSE:GLT)

P. H. Glatfelter Company, together with its subsidiaries, manufactures and sells specialty papers and engineered materials worldwide. The company's Composite Fibers business unit offers food and beverage filtration paper for single-serve coffee and tea products; wall covering base materials for wallpaper manufacturers; metallized products that are used in labels, packaging liners, gift wrap, and other consumer product applications; composite laminate papers for use in production of decorative laminates, furniture, and flooring applications; and special paper products, which are used in electrical energy storage, transport and transmission, wipes, and other engineered fiber-based applications.

Read More: What is an Initial Public Offering (IPO)?

Receive News & Ratings for P H Glatfelter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for P H Glatfelter and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply