Glatfelter Co. (NYSE:GLT) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. lessened its stake in Glatfelter Co. (NYSE:GLT) by 12.6% in the 4th quarter, Holdings Channel reports. The firm owned 239,696 shares of the basic materials company’s stock after selling 34,462 shares during the period. Brown Advisory Inc.’s holdings in Glatfelter were worth $465,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. GSA Capital Partners LLP increased its holdings in Glatfelter by 119.5% in the 3rd quarter. GSA Capital Partners LLP now owns 549,978 shares of the basic materials company’s stock valued at $1,100,000 after purchasing an additional 299,407 shares during the last quarter. Littlejohn & Co. LLC increased its holdings in Glatfelter by 5.6% in the 3rd quarter. Littlejohn & Co. LLC now owns 851,097 shares of the basic materials company’s stock valued at $1,702,000 after purchasing an additional 45,438 shares during the last quarter. Aristeia Capital LLC acquired a new stake in Glatfelter in the 3rd quarter valued at approximately $27,000. Gabelli Funds LLC increased its holdings in Glatfelter by 36.4% in the 3rd quarter. Gabelli Funds LLC now owns 30,000 shares of the basic materials company’s stock valued at $60,000 after purchasing an additional 8,000 shares during the last quarter. Finally, Teton Advisors Inc. increased its holdings in Glatfelter by 80.0% in the 3rd quarter. Teton Advisors Inc. now owns 18,000 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 8,000 shares during the last quarter. Institutional investors and hedge funds own 76.92% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Glatfelter from a “hold” rating to a “sell” rating in a research note on Friday, May 10th.

Glatfelter Stock Performance

NYSE:GLT opened at $1.81 on Monday. The company has a fifty day simple moving average of $1.70 and a two-hundred day simple moving average of $1.72. The company has a market cap of $81.90 million, a price-to-earnings ratio of -0.89 and a beta of 1.73. The company has a quick ratio of 1.13, a current ratio of 2.31 and a debt-to-equity ratio of 3.89. Glatfelter Co. has a 52 week low of $1.25 and a 52 week high of $3.71.

Glatfelter (NYSE:GLT) last posted its quarterly earnings results on Thursday, May 9th. The basic materials company reported ($0.33) EPS for the quarter. The business had revenue of $327.26 million during the quarter. Glatfelter had a negative return on equity of 18.86% and a negative net margin of 6.88%.

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.