216,007 Shares in Glatfelter Co. (NYSE:GLT) Purchased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC acquired a new position in shares of Glatfelter Co. (NYSE:GLT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 216,007 shares of the basic materials company’s stock, valued at approximately $300,000. Cubist Systematic Strategies LLC owned about 0.48% of Glatfelter as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD bought a new stake in Glatfelter during the 1st quarter worth about $30,000. State Board of Administration of Florida Retirement System boosted its stake in shares of Glatfelter by 138.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 27,348 shares of the basic materials company’s stock valued at $55,000 after purchasing an additional 15,855 shares during the last quarter. Ground Swell Capital LLC bought a new position in shares of Glatfelter in the 2nd quarter valued at about $38,000. Cowen AND Company LLC boosted its stake in shares of Glatfelter by 230.0% in the 2nd quarter. Cowen AND Company LLC now owns 33,000 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 23,000 shares during the last quarter. Finally, Alpine Global Management LLC bought a new position in shares of Glatfelter in the 1st quarter valued at about $80,000. Institutional investors own 76.92% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Carlson Capital, L.P. sold 320,691 shares of Glatfelter stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $1.74, for a total transaction of $558,002.34. Following the transaction, the insider now owns 4,335,000 shares of the company’s stock, valued at $7,542,900. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.59% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Glatfelter Stock Down 2.6 %

Shares of NYSE GLT opened at $1.71 on Tuesday. The firm has a market capitalization of $77.16 million, a PE ratio of -0.84 and a beta of 1.74. The company has a current ratio of 2.21, a quick ratio of 1.06 and a debt-to-equity ratio of 4.19. Glatfelter Co. has a 1 year low of $1.22 and a 1 year high of $2.71. The firm’s 50-day moving average is $1.69 and its 200-day moving average is $1.64.

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

About Glatfelter

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.