Short Interest in P H Glatfelter Co (NYSE:GLT) Drops By 8.0%

P H Glatfelter Co (NYSE:GLT) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 1,433,800 shares, a decrease of 8.0% from the June 30th total of 1,559,300 shares. Based on an average daily trading volume, of 183,500 shares, the short-interest ratio is currently 7.8 days. Currently, 3.3% of the shares of the company are sold short.

A number of research analysts have issued reports on GLT shares. ValuEngine lowered shares of P H Glatfelter from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Zacks Investment Research lowered shares of P H Glatfelter from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $19.50.

Shares of NYSE:GLT traded down $0.43 on Thursday, reaching $13.27. 122,505 shares of the company’s stock were exchanged, compared to its average volume of 243,796. The company has a fifty day moving average of $15.92 and a 200-day moving average of $14.92. P H Glatfelter has a twelve month low of $9.28 and a twelve month high of $20.40. The company has a current ratio of 1.91, a quick ratio of 1.06 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $602.92 million, a price-to-earnings ratio of 63.19, a PEG ratio of 3.82 and a beta of 1.75.



P H Glatfelter (NYSE:GLT) last issued its quarterly earnings results on Tuesday, July 30th. The basic materials company reported $0.19 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.19. P H Glatfelter had a negative net margin of 18.24% and a positive return on equity of 3.05%. The company had revenue of $235.70 million during the quarter, compared to the consensus estimate of $251.05 million. During the same quarter in the prior year, the firm posted ($0.10) EPS. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. As a group, equities research analysts forecast that P H Glatfelter will post 0.73 EPS for the current fiscal year.

In related news, Director Nicholas Debenedictis purchased 2,500 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were acquired at an average price of $14.81 per share, for a total transaction of $37,025.00. Following the purchase, the director now owns 82,365 shares in the company, valued at $1,219,825.65. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders purchased 12,000 shares of company stock worth $179,725. 2.06% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of the company. Rhumbline Advisers lifted its holdings in shares of P H Glatfelter by 0.6% during the 1st quarter. Rhumbline Advisers now owns 131,707 shares of the basic materials company’s stock worth $1,860,000 after acquiring an additional 744 shares during the period. Texas Permanent School Fund lifted its holdings in shares of P H Glatfelter by 4.3% during the 1st quarter. Texas Permanent School Fund now owns 29,885 shares of the basic materials company’s stock worth $422,000 after acquiring an additional 1,235 shares during the period. Zeke Capital Advisors LLC lifted its holdings in shares of P H Glatfelter by 6.2% during the 2nd quarter. Zeke Capital Advisors LLC now owns 24,259 shares of the basic materials company’s stock worth $409,000 after acquiring an additional 1,425 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in shares of P H Glatfelter by 6.2% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 30,610 shares of the basic materials company’s stock worth $517,000 after acquiring an additional 1,794 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of P H Glatfelter by 0.6% during the 4th quarter. Principal Financial Group Inc. now owns 355,449 shares of the basic materials company’s stock worth $3,469,000 after acquiring an additional 1,962 shares during the period. 95.60% of the stock is owned by institutional investors.

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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