November 10, 2019 at 3:18 pm

P H Glatfelter (NYSE:GLT) Stock Rating Lowered by ValuEngine

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ValuEngine lowered shares of P H Glatfelter (NYSE:GLT) from a buy rating to a hold rating in a research note published on Wednesday morning, ValuEngine reports.

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Several other research firms have also issued reports on GLT. Cfra upgraded P H Glatfelter from a sell rating to a hold rating in a research note on Wednesday, October 30th. Zacks Investment Research upgraded P H Glatfelter from a sell rating to a hold rating in a research note on Thursday, October 31st.

NYSE:GLT remained flat at $$18.63 on Wednesday. The company’s stock had a trading volume of 127,870 shares, compared to its average volume of 228,568. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.88 and a quick ratio of 1.01. The firm has a 50 day moving average of $15.63 and a two-hundred day moving average of $15.50. The company has a market cap of $828.65 million, a price-to-earnings ratio of 88.71 and a beta of 1.76. P H Glatfelter has a 12-month low of $9.28 and a 12-month high of $19.03.

P H Glatfelter (NYSE:GLT) last released its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04. The firm had revenue of $232.50 million for the quarter, compared to analyst estimates of $244.66 million. P H Glatfelter had a positive return on equity of 4.99% and a negative net margin of 6.13%. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, equities research analysts anticipate that P H Glatfelter will post 0.71 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 3rd were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, October 2nd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.79%. P H Glatfelter’s dividend payout ratio (DPR) is currently 247.62%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quantamental Technologies LLC acquired a new stake in P H Glatfelter during the second quarter worth approximately $39,000. Tower Research Capital LLC TRC boosted its holdings in shares of P H Glatfelter by 4,867.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,967 shares of the basic materials company’s stock valued at $76,000 after purchasing an additional 4,867 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of P H Glatfelter during the 3rd quarter valued at $113,000. Panagora Asset Management Inc. acquired a new stake in shares of P H Glatfelter during the 2nd quarter valued at $124,000. Finally, Bank of Montreal Can boosted its holdings in shares of P H Glatfelter by 113.6% during the 2nd quarter. Bank of Montreal Can now owns 8,900 shares of the basic materials company’s stock valued at $150,000 after acquiring an additional 4,733 shares in the last quarter. Institutional investors own 95.61% of the company’s stock.

P H Glatfelter Company Profile

P. H. Glatfelter Company, together with its subsidiaries, manufactures and sells 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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