Squarepoint Ops LLC Buys 69,314 Shares of Glatfelter Co. (NYSE:GLT)

Squarepoint Ops LLC boosted its holdings in shares of Glatfelter Co. (NYSE:GLT) by 59.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 186,216 shares of the basic materials company’s stock after buying an additional 69,314 shares during the period. Squarepoint Ops LLC owned about 0.41% of Glatfelter worth $259,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Cubist Systematic Strategies LLC bought a new stake in shares of Glatfelter during the second quarter worth $300,000. Marshall Wace LLP lifted its holdings in Glatfelter by 34.8% during the 2nd quarter. Marshall Wace LLP now owns 134,465 shares of the basic materials company’s stock worth $187,000 after buying an additional 34,679 shares in the last quarter. XTX Topco Ltd boosted its position in Glatfelter by 30.0% in the 2nd quarter. XTX Topco Ltd now owns 121,192 shares of the basic materials company’s stock valued at $168,000 after buying an additional 27,943 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Glatfelter by 75.3% in the 2nd quarter. Renaissance Technologies LLC now owns 69,000 shares of the basic materials company’s stock valued at $96,000 after buying an additional 29,628 shares during the period. Finally, Ground Swell Capital LLC bought a new stake in shares of Glatfelter during the second quarter worth $38,000. 76.92% of the stock is currently owned by institutional investors and hedge funds.

Glatfelter Stock Down 0.6 %

Shares of NYSE GLT opened at $1.75 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.06 and a debt-to-equity ratio of 4.19. The firm has a market capitalization of $79.19 million, a PE ratio of -0.86 and a beta of 1.74. The firm’s 50-day moving average is $1.68 and its 200-day moving average is $1.65. Glatfelter Co. has a 1 year low of $1.22 and a 1 year high of $2.71.

Glatfelter (NYSE:GLT) last released its earnings results on Thursday, August 8th. The basic materials company reported ($0.25) EPS for the quarter. The business had revenue of $329.44 million for the quarter. Glatfelter had a negative return on equity of 16.21% and a negative net margin of 5.44%.

Analysts Set New Price Targets

Separately, StockNews.com raised Glatfelter from a “sell” rating to a “hold” rating in a research note on Friday, August 9th.

Insider Buying and Selling

In other Glatfelter news, major shareholder Carlson Capital, L.P. sold 50,000 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $1.82, for a total value of $91,000.00. Following the transaction, the insider now owns 4,655,691 shares of the company’s stock, valued at approximately $8,473,357.62. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.59% of the stock is owned by insiders.

Glatfelter Profile

Glatfelter Corporation, together with its subsidiaries, engages in the manufacture and sale of 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.