P H Glatfelter (GLT) Cut to “Sell” at ValuEngine

ValuEngine lowered shares of P H Glatfelter (NYSE:GLT) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.

GLT has been the subject of several other research reports. Zacks Investment Research cut shares of P H Glatfelter from a hold rating to a strong sell rating in a research report on Thursday, October 18th. Sidoti upped their target price on shares of P H Glatfelter from $23.00 to $25.00 and gave the company a buy rating in a research report on Wednesday, October 10th. Finally, BMO Capital Markets upped their target price on shares of P H Glatfelter from $24.00 to $26.00 and gave the company an outperform rating in a research report on Thursday, August 23rd. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company. P H Glatfelter presently has an average rating of Hold and an average target price of $24.00.

Shares of P H Glatfelter stock opened at $14.39 on Tuesday. The firm has a market cap of $661.11 million, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 3.45 and a beta of 1.17. P H Glatfelter has a 52 week low of $14.09 and a 52 week high of $23.85. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.24 and a quick ratio of 0.99.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 1st. Stockholders of record on Wednesday, October 3rd were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.61%. The ex-dividend date was Tuesday, October 2nd. P H Glatfelter’s dividend payout ratio (DPR) is 44.83%.

Several hedge funds have recently made changes to their positions in GLT. UBS Group AG grew its holdings in shares of P H Glatfelter by 182.5% in the 1st quarter. UBS Group AG now owns 8,192 shares of the basic materials company’s stock valued at $168,000 after buying an additional 5,292 shares during the period. Principal Financial Group Inc. grew its holdings in shares of P H Glatfelter by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 334,868 shares of the basic materials company’s stock valued at $6,875,000 after buying an additional 8,728 shares during the period. Acadian Asset Management LLC acquired a new position in shares of P H Glatfelter in the 2nd quarter valued at $780,000. Mondrian Investment Partners LTD grew its holdings in shares of P H Glatfelter by 19.3% in the 2nd quarter. Mondrian Investment Partners LTD now owns 230,228 shares of the basic materials company’s stock valued at $4,510,000 after buying an additional 37,309 shares during the period. Finally, First Interstate Bank grew its holdings in shares of P H Glatfelter by 29.8% in the 2nd quarter. First Interstate Bank now owns 13,210 shares of the basic materials company’s stock valued at $259,000 after buying an additional 3,035 shares during the period. 91.64% of the stock is owned by institutional investors.

About P H Glatfelter

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.

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