The stock of P H Glatfelter Co (NYSE:GLT) hit a new 52-week high and has $25.43 target or 8.00% above today’s $23.55 share price. The 7 months bullish chart indicates low risk for the $1.06 billion company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $25.43 price target is reached, the company will be worth $84.80M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 43,688 shares traded hands. P H Glatfelter Co (NYSE:GLT) has risen 6.63% since April 21, 2016 and is uptrending. It has outperformed by 1.30% the S&P500.
Analysts await P H Glatfelter Co (NYSE:GLT) to report earnings on February, 14. They expect $0.36 EPS, down 30.77% or $0.16 from last year’s $0.52 per share. GLT’s profit will be $16.20 million for 16.35 P/E if the $0.36 EPS becomes a reality. After $0.54 actual EPS reported by P H Glatfelter Co for the previous quarter, Wall Street now forecasts -33.33% negative EPS growth.
P H Glatfelter Co (NYSE:GLT) Ratings Coverage
Out of 2 analysts covering PH Glatfelter Co (NYSE:GLT), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. PH Glatfelter Co has been the topic of 5 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock of P H Glatfelter Co (NYSE:GLT) has “Buy” rating given on Wednesday, December 16 by Sidoti. BMO Capital Markets upgraded the stock to “Outperform” rating in Wednesday, November 2 report.
According to Zacks Investment Research, “Glatfelter is a paper manufacturing company that manufactures printing papers and tobacco and other specialty papers. The company sells its products throughout the United States and in a number of foreign countries. Most of the company’s printing paper products are directed at the uncoated free-sheet portion of the industry. The company’s tobacco and other specialty papers are used for cigarette manufacturing and other specialty uses such as the manufacture of playing cards, stamps, labels and surgical gowns.”
Insitutional Activity: The institutional sentiment increased to 1.47 in Q2 2016. Its up 0.32, from 1.15 in 2016Q1. The ratio improved, as 22 funds sold all P H Glatfelter Co shares owned while 38 reduced positions. 12 funds bought stakes while 57 increased positions. They now own 38.50 million shares or 0.20% less from 38.58 million shares in 2016Q1.
The California-based Assetmark has invested 0% in P H Glatfelter Co (NYSE:GLT). Anchor Capital Advsrs Llc has 0.01% invested in the company for 29,703 shares. Tower Capital Lc (Trc) last reported 0% of its portfolio in the stock. Wesbanco Commercial Bank last reported 39,794 shares in the company. Morgan Stanley accumulated 0% or 240,003 shares. The New York-based Springbok Cap Management Ltd has invested 0% in P H Glatfelter Co (NYSE:GLT). State Street accumulated 0% or 844,279 shares. Nwq Invest Mgmt Co Ltd Liability holds 0.39% of its portfolio in P H Glatfelter Co (NYSE:GLT) for 1.17M shares. The Manitoba – Canada-based Great West Life Assurance Can has invested 0% in P H Glatfelter Co (NYSE:GLT). Deroy And Devereaux Private Invest Counsel Incorporated owns 615,848 shares or 1.6% of their US portfolio. Legal & General Group Inc Public Limited, a United Kingdom-based fund reported 10,456 shares. Public Employees Retirement Association Of Colorado last reported 0% of its portfolio in the stock. Profund Advisors Lc reported 14,214 shares or 0.01% of all its holdings. State Board Of Administration Of Florida Retirement System has 46,970 shares for 0% of their US portfolio. Ladenburg Thalmann Financial Serv holds 1,610 shares or 0% of its portfolio.
Insider Transactions: Since August 4, 2016, the stock had 0 insider purchases, and 1 insider sale for $15,180 net activity. $15,180 worth of shares were sold by ELDER DAVID C on Thursday, August 4.
More news for P H Glatfelter Co (NYSE:GLT) were recently published by: Pennlive.com, which released: “P.H. Glatfelter Co. reaches $180K deal to end federal disability …” on January 26, 2016. Pennlive.com‘s article titled: “Feds hit PH Glatfelter Co. with disability discrimination lawsuit” and published on September 30, 2015 is yet another important article.
GLT Company Profile
P. H. Glatfelter Company (Glatfelter), incorporated on December 16, 1905, is a maker of specialty papers and fiber engineered materials. The Firm operates through three business units: Composite Fibers, Advanced Airlaid Materials and Specialty Papers. The Company’s Composite Fibers business unit is engaged in the sale of single-serve tea and coffee filtration papers, non-woven wall covering materials, metallized papers, composite laminates papers, and various technically special papers, including substrates for electrical applications. The Company’s Advanced Airlaid Materials is engaged in the sale of airlaid non-woven fabric-like materials used in feminine hygiene and adult incontinence products, wipes and other airlaid applications. The Company’s Specialty Papers business unit is engaged in the sale of papers for carbonless and other forms, envelopes, book publishing and engineered products, such as papers for high-speed ink jet printing, office specialty products, greeting cards, packaging, casting, release, transfer, playing card, postal, food and beverage applications, and other specialty applications. The Firm owns and operates manufacturing facilities located in Pennsylvania, Ohio, Canada, Germany, the United Kingdom, France and the Philippines.
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