Now Is The Time To Build A Position In Glatfelter Corporation (NYSE:GLT)

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In last trading session, Glatfelter Corporation (NYSE:GLT) saw 0.54 million shares changing hands with its beta currently measuring 1.74. Company’s recent per share price level of $1.77 trading at -$0.09 or -4.84% at ring of the bell on the day assigns it a market valuation of $80.53M. That closing price of GLT’s stock is at a discount of -53.11% from its 52-week high price of $2.71 and is indicating a premium of 31.07% from its 52-week low price of $1.22. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.31 million shares which gives us an average trading volume of 362.24K if we extend that period to 3-months.

For Glatfelter Corporation (GLT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0 in the current quarter.

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Glatfelter Corporation (NYSE:GLT) trade information

Upright in the red during last session for losing -4.84%, in the last five days GLT remained trading in the green while hitting it’s week-highest on Friday, 09/27/24 when the stock touched $1.77 price level, adding 8.53% to its value on the day. Glatfelter Corporation’s shares saw a change of -8.76% in year-to-date performance and have moved 5.36% in past 5-day. Glatfelter Corporation (NYSE:GLT) showed a performance of 7.27% in past 30-days. Number of shares sold short was 0.53 million shares which calculate 2.67 days to cover the short interests.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 15.44% during past 5 years.

Glatfelter Corporation (NYSE:GLT)’s Major holders

Insiders are in possession of 3.63% of company’s total shares while institution are holding 71.61 percent of that, with stock having share float percentage of 74.31%. Investors also watch the number of corporate investors in a company very closely, which is 71.61% institutions for Glatfelter Corporation that are currently holding shares of the company. CARLSON CAPITAL L P is the top institutional holder at GLT for having 4.71 million shares of worth $6.54 million. And as of 2024-06-30, it was holding 10.4145 of the company’s outstanding shares.

The second largest institutional holder is LITTLEJOHN & CO LLC, which was holding about 3.65 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.0804 of outstanding shares, having a total worth of $5.07 million.