Frontier Capital Management Co. LLC lessened its stake in shares of P H Glatfelter Co (NYSE:GLT) by 13.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 358,975 shares of the basic materials company’s stock after selling 54,540 shares during the period. Frontier Capital Management Co. LLC owned about 0.82% of P H Glatfelter worth $7,696,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its holdings in shares of P H Glatfelter by 11.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 441,476 shares of the basic materials company’s stock valued at $9,466,000 after purchasing an additional 43,773 shares during the period. California Public Employees Retirement System grew its stake in shares of P H Glatfelter by 6.8% in the 3rd quarter. California Public Employees Retirement System now owns 145,156 shares of the basic materials company’s stock valued at $2,823,000 after buying an additional 9,200 shares in the last quarter. NWQ Investment Management Company LLC grew its stake in shares of P H Glatfelter by 7.7% in the 3rd quarter. NWQ Investment Management Company LLC now owns 1,204,360 shares of the basic materials company’s stock valued at $23,425,000 after buying an additional 86,425 shares in the last quarter. Pinnacle Associates Ltd. grew its stake in shares of P H Glatfelter by 97.0% in the 3rd quarter. Pinnacle Associates Ltd. now owns 39,200 shares of the basic materials company’s stock valued at $762,000 after buying an additional 19,300 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of P H Glatfelter by 26.1% in the 3rd quarter. Wells Fargo & Company MN now owns 69,387 shares of the basic materials company’s stock valued at $1,350,000 after buying an additional 14,358 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.
Shares of P H Glatfelter Co (NYSE GLT) traded up $0.50 during mid-day trading on Wednesday, hitting $20.55. The stock had a trading volume of 338,505 shares, compared to its average volume of 183,752. P H Glatfelter Co has a one year low of $16.53 and a one year high of $24.20. The firm has a market capitalization of $858.65, a price-to-earnings ratio of 117.94, a PEG ratio of 2.94 and a beta of 1.38. The company has a current ratio of 1.70, a quick ratio of 0.94 and a debt-to-equity ratio of 0.65.
P H Glatfelter (NYSE:GLT) last issued its earnings results on Tuesday, February 6th. The basic materials company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $399.92 million during the quarter, compared to analyst estimates of $392.23 million. P H Glatfelter had a return on equity of 7.48% and a net margin of 0.50%. P H Glatfelter’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.40 earnings per share. equities analysts expect that P H Glatfelter Co will post 1.34 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 3rd were paid a dividend of $0.13 per share. The ex-dividend date was Tuesday, January 2nd. This represents a $0.52 annualized dividend and a yield of 2.53%. P H Glatfelter’s dividend payout ratio is currently 305.88%.
Several brokerages recently commented on GLT. Zacks Investment Research cut P H Glatfelter from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. ValuEngine cut P H Glatfelter from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, TheStreet raised P H Glatfelter from a “c+” rating to a “b-” rating in a research report on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $21.58.
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P H Glatfelter Company Profile
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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