Why Has Sidoti Given Glatfelter Co (NYSE:GLT) a $25.0 Price Target
Sidoti has just issued a “Buy” rating for Glatfelter Co (NYSE:GLT) shares. The firm began issuing coverage on shares of GLT in analysts report made public on Wednesday, 16 December. This target PPS would suggest upside of 44.01% from the previous close of Glatfelter Co (NYSE:GLT).
Approximately 76,681 shares of stock traded hands. P H Glatfelter Co (NYSE:GLT) has declined 28.79% since May 13, 2015 and is downtrending. It has underperformed by 26.17% the S&P500.
The overall sentiment of institutions has increased to 1.17 in Q2 2015. Its up 0.09, from 1.08 in 2015Q2. The ratio improved, as 20 institutions have sold all the shares of P H Glatfelter Co that they owned while 43 funds have taken shares off the table. 17 funds have purchased shares for the first time while 57 added to their positions. These institutions now hold 47.20 million shares or 23.29% more than the 38.28 million shares they owned in 2015Q2.
The Fund Deroy & Devereaux Private Investment Counsel Inc currently is holding shares equating to 1.27% of its total portfolio in P H Glatfelter Co representing a total of 516,078 shares. Another fund,Skyline Asset Management Lp, is holding a total of 767,200 shares equating to 0.99% of their holdings. Additionally, Fuller & Thaler Asset Management Inc. has a 2.10 million share stake in P H Glatfelter Co which represents 0.94% of their total portfolio. The Fund, Nwq Investment Management Company Llc, based out of California, has also built up a stake in the stock, which represents a total of 0.9% of their total portfolio. Finally Dalton Greiner Hartman Maher & Co, a fund which is based in the state of New York reported a total holdings of 843,953 shares.
P. H. Glatfelter Company is a maker of specialty papers and fiber engineered materials. The company has a market cap of $757.22 million. The firm operates through three business units: Composite Fibers, Advanced Airlaid Materials, and Specialty Papers. It has 16.31 P/E ratio. The Company’s Composite Fibers business unit consists of single-serve coffee and tea filtration papers, metallized and self-adhesive labeling papers, composite laminates, and technical specialties, including substrates for electrical applications, such as batteries and capacitors.
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.”