SG Americas Securities LLC Invests $113,000 in P H Glatfelter Co (NYSE:GLT)

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SG Americas Securities LLC purchased a new position in shares of P H Glatfelter Co (NYSE:GLT) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 7,314 shares of the basic materials company’s stock, valued at approximately $113,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of P H Glatfelter by 8.6% during the 2nd quarter. Vanguard Group Inc. now owns 4,371,751 shares of the basic materials company’s stock worth $73,795,000 after acquiring an additional 344,449 shares in the last quarter. Northern Trust Corp boosted its stake in shares of P H Glatfelter by 2.0% during the 2nd quarter. Northern Trust Corp now owns 1,072,444 shares of the basic materials company’s stock worth $18,103,000 after acquiring an additional 20,622 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of P H Glatfelter by 2.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 839,482 shares of the basic materials company’s stock worth $14,170,000 after acquiring an additional 22,906 shares in the last quarter. Chartwell Investment Partners LLC boosted its stake in shares of P H Glatfelter by 7.6% during the 2nd quarter. Chartwell Investment Partners LLC now owns 829,234 shares of the basic materials company’s stock worth $13,997,000 after acquiring an additional 58,580 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of P H Glatfelter by 1.1% during the 2nd quarter. Bank of America Corp DE now owns 676,367 shares of the basic materials company’s stock worth $11,418,000 after acquiring an additional 7,465 shares in the last quarter. Institutional investors own 94.09% of the company’s stock.

NYSE GLT opened at $17.85 on Monday. P H Glatfelter Co has a twelve month low of $9.28 and a twelve month high of $19.03. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.88. The stock has a market capitalization of $788.46 million, a PE ratio of 85.00 and a beta of 1.75. The stock has a 50-day simple moving average of $16.88 and a 200 day simple moving average of $15.77.

P H Glatfelter (NYSE:GLT) last posted its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.04. P H Glatfelter had a positive return on equity of 4.99% and a negative net margin of 6.13%. The business had revenue of $232.50 million during the quarter, compared to analysts’ expectations of $244.66 million. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. As a group, equities research analysts forecast that P H Glatfelter Co will post 0.71 EPS for the current fiscal year.

Several analysts have recently issued reports on GLT shares. ValuEngine downgraded P H Glatfelter from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Cfra upgraded P H Glatfelter from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Zacks Investment Research raised P H Glatfelter from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st.

P H Glatfelter Profile

P. H. Glatfelter Company, together with its subsidiaries, manufactures and sells 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.

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Want to see what other hedge funds are holding GLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for P H Glatfelter Co (NYSE:GLT).

Institutional Ownership by Quarter for P H Glatfelter (NYSE:GLT)

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