Brown Advisory Inc. raised its stake in shares of Glatfelter Co. (NYSE:GLT – Free Report) by 7.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 274,158 shares of the basic materials company’s stock after purchasing an additional 17,899 shares during the period. Brown Advisory Inc. owned 0.61% of Glatfelter worth $875,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of GLT. American Century Companies Inc. lifted its stake in shares of Glatfelter by 35.9% in the first quarter. American Century Companies Inc. now owns 122,864 shares of the basic materials company’s stock worth $1,521,000 after buying an additional 32,486 shares during the last quarter. Citigroup Inc. lifted its stake in shares of Glatfelter by 6.6% in the first quarter. Citigroup Inc. now owns 43,512 shares of the basic materials company’s stock worth $538,000 after buying an additional 2,692 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Glatfelter by 8.9% in the first quarter. Bank of Montreal Can now owns 52,236 shares of the basic materials company’s stock worth $692,000 after buying an additional 4,261 shares during the last quarter. MetLife Investment Management LLC lifted its stake in shares of Glatfelter by 56.4% in the first quarter. MetLife Investment Management LLC now owns 23,331 shares of the basic materials company’s stock worth $289,000 after buying an additional 8,417 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Glatfelter by 14.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,385 shares of the basic materials company’s stock worth $475,000 after buying an additional 4,733 shares during the last quarter. Institutional investors own 80.89% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut shares of Glatfelter from a “hold” rating to a “sell” rating in a research note on Friday, August 4th.
Glatfelter Price Performance
NYSE:GLT opened at $2.03 on Wednesday. The stock has a market cap of $91.45 million, a P/E ratio of -0.68 and a beta of 1.72. Glatfelter Co. has a one year low of $1.85 and a one year high of $5.90. The company has a fifty day moving average price of $3.02 and a 200 day moving average price of $3.41. The company has a debt-to-equity ratio of 3.06, a current ratio of 2.34 and a quick ratio of 1.14.
Glatfelter Profile
Glatfelter Corporation, together with its subsidiaries, manufactures and sells engineered materials worldwide. It operates through three segments: Composite Fibers, Airlaid Materials, and Spunlace. The Composite Fibers segment offers food and beverage filtration materials for single-serve coffee and tea products; wallcover base materials for wallpaper manufacturers; metallized products that are used in labels, packaging liners, gift wraps, and other consumer product applications; composite laminates consisting of decorative laminates for use in furniture, household and commercial flooring, and other applications; and specialty engineered products, which are used in electrical energy storage, home, hygiene, and other engineered fiber-based applications.
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