Frontier Capital Management Co. LLC boosted its position in P H Glatfelter Co (NYSE:GLT) by 3.1% during the first quarter, Holdings Channel reports. The fund owned 1,910,043 shares of the basic materials company’s stock after buying an additional 57,782 shares during the period. Frontier Capital Management Co. LLC’s holdings in P H Glatfelter were worth $41,524,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue raised its stake in shares of P H Glatfelter by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 4,810 shares of the basic materials company’s stock worth $104,000 after buying an additional 100 shares in the last quarter. Alpha Windward LLC raised its stake in shares of P H Glatfelter by 0.6% in the first quarter. Alpha Windward LLC now owns 20,520 shares of the basic materials company’s stock worth $446,000 after buying an additional 120 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of P H Glatfelter by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 17,700 shares of the basic materials company’s stock worth $385,000 after buying an additional 200 shares in the last quarter. BlackRock Inc. raised its stake in shares of P H Glatfelter by 4.1% in the third quarter. BlackRock Inc. now owns 12,767 shares of the basic materials company’s stock worth $278,000 after buying an additional 508 shares in the last quarter. Finally, Strs Ohio raised its stake in shares of P H Glatfelter by 1.6% in the first quarter. Strs Ohio now owns 38,900 shares of the basic materials company’s stock worth $845,000 after buying an additional 600 shares in the last quarter. Institutional investors own 88.10% of the company’s stock.
P H Glatfelter Co (NYSE:GLT) traded down 0.43% during midday trading on Thursday, hitting $18.33. The stock had a trading volume of 141,460 shares. The firm has a market capitalization of $798.42 million, a P/E ratio of 47.86 and a beta of 1.33. P H Glatfelter Co has a 52-week low of $17.50 and a 52-week high of $25.59. The firm has a 50-day moving average of $19.92 and a 200 day moving average of $22.19.
P H Glatfelter (NYSE:GLT) last issued its earnings results on Tuesday, May 2nd. The basic materials company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.02. P H Glatfelter had a net margin of 1.34% and a return on equity of 8.85%. The firm had revenue of $390.70 million during the quarter, compared to analysts’ expectations of $400.65 million. During the same quarter last year, the company posted $0.37 earnings per share. The firm’s revenue was down 2.9% compared to the same quarter last year. On average, equities analysts forecast that P H Glatfelter Co will post $1.35 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Monday, July 3rd will be issued a dividend of $0.13 per share. The ex-dividend date is Thursday, June 29th. This represents a $0.52 annualized dividend and a dividend yield of 2.84%. P H Glatfelter’s dividend payout ratio (DPR) is presently 104.17%.
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GLT has been the subject of a number of research reports. Zacks Investment Research upgraded shares of P H Glatfelter from a “sell” rating to a “hold” rating in a research note on Monday, March 27th. TheStreet lowered shares of P H Glatfelter from a “b-” rating to a “c” rating in a research note on Tuesday, February 7th. BMO Capital Markets upgraded shares of P H Glatfelter from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $23.00 to $24.00 in a research note on Friday, May 5th. Finally, ValuEngine upgraded shares of P H Glatfelter from a “hold” rating to a “buy” rating and set a $14.75 target price for the company in a research note on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $22.69.
About P H Glatfelter
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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