PNC Financial Services Group Inc. Has $191,000 Holdings in Glatfelter Co. (NYSE:GLT)

PNC Financial Services Group Inc. decreased its position in Glatfelter Co. (NYSE:GLT) by 12.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 98,464 shares of the basic materials company’s stock after selling 13,600 shares during the quarter. PNC Financial Services Group Inc. owned 0.22% of Glatfelter worth $191,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. GSA Capital Partners LLP raised its position 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 buying an additional 299,407 shares during the last quarter. CastleKnight Management LP raised its holdings in shares of Glatfelter by 25.6% in the fourth quarter. CastleKnight Management LP now owns 579,207 shares of the basic materials company’s stock valued at $1,124,000 after purchasing an additional 117,910 shares during the last quarter. Finally, Teton Advisors Inc. raised its holdings in shares of Glatfelter by 38.9% in the fourth quarter. Teton Advisors Inc. now owns 25,000 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 7,000 shares during the last quarter. 76.92% of the stock is currently owned by institutional investors.

Glatfelter Price Performance

NYSE:GLT opened at $1.40 on Wednesday. Glatfelter Co. has a 52-week low of $1.22 and a 52-week high of $3.71. The company has a market cap of $63.12 million, a P/E ratio of -0.69 and a beta of 1.74. The company has a debt-to-equity ratio of 3.89, a quick ratio of 1.13 and a current ratio of 2.31. The stock’s 50-day simple moving average is $1.63 and its 200 day simple moving average is $1.74.

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

Insider Buying and Selling at Glatfelter

In other news, major shareholder Carlson Capital L. P sold 207,325 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $1.65, for a total transaction of $342,086.25. Following the transaction, the insider now directly owns 6,968,675 shares in the company, valued at approximately $11,498,313.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.26% of the company’s stock.

Wall Street Analyst Weigh In

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

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.