P.H. Glatfelter Co. (GLT) Shares Gap Up to $20.69
P.H. Glatfelter Co. (NYSE:GLT) gapped up prior to trading on Wednesday . The stock had previously closed at $20.60, but opened at $20.69. P.H. Glatfelter shares last traded at $21.05, with a volume of 23,396 shares traded.
Several research analysts have recently weighed in on GLT shares. Deutsche Bank AG reiterated a “hold” rating on shares of P.H. Glatfelter in a research note on Wednesday, June 15th. Zacks Investment Research cut shares of P.H. Glatfelter from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. Finally, TheStreet cut shares of P.H. Glatfelter from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. P.H. Glatfelter currently has an average rating of “Hold” and an average price target of $22.50.
The firm’s 50-day moving average price is $20.36 and its 200-day moving average price is $19.28. The stock has a market cap of $925.77 million and a P/E ratio of 14.00.
P.H. Glatfelter (NYSE:GLT) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.41 by $0.04. During the same period in the previous year, the business posted $0.30 EPS. The company had revenue of $402.20 million for the quarter, compared to analysts’ expectations of $412.14 million. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. On average, equities analysts expect that P.H. Glatfelter Co. will post $1.48 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 1st. Investors of record on Friday, July 1st will be paid a dividend of $0.125 per share. The ex-dividend date is Wednesday, June 29th. This represents a $0.50 annualized dividend and a dividend yield of 2.35%.
Other hedge funds and institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System raised its position in P.H. Glatfelter by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 80,163 shares of the company’s stock valued at $1,478,000 after buying an additional 1,299 shares during the period. First Trust Advisors LP raised its position in P.H. Glatfelter by 0.8% in the fourth quarter. First Trust Advisors LP now owns 145,659 shares of the company’s stock valued at $2,686,000 after buying an additional 1,225 shares during the period. Rhumbline Advisers raised its position in P.H. Glatfelter by 4.4% in the fourth quarter. Rhumbline Advisers now owns 89,121 shares of the company’s stock valued at $1,643,000 after buying an additional 3,775 shares during the period. OppenheimerFunds Inc. raised its position in P.H. Glatfelter by 3.4% in the fourth quarter. OppenheimerFunds Inc. now owns 1,269,512 shares of the company’s stock valued at $23,409,000 after buying an additional 41,262 shares during the period. Finally, WBI Investments Inc. purchased a new position in P.H. Glatfelter during the fourth quarter valued at approximately $1,311,000.
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