6 days Ago By Defense World Staff
Legal & General Group Plc acquired a new position in Magnera Corp (NYSE:MAGN – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 29,913 shares of the company’s stock, valued at approximately $544,000. Legal & General Group Plc owned approximately 0.
85% of Magnera as of its most recent filing with the Securities and Exchange Commission. Other hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in Magnera during the fourth quarter worth about $26,000.
Vestcor Inc purchased a new stake in shares of Magnera during the 4th quarter worth approximately $46,000. State of Alaska Department of Revenue bought a new stake in shares of Magnera in the 4th quarter worth approximately $48,000. KBC Group NV purchased a new position in Magnera in the fourth quarter valued at approximately $51,000.
Finally, National Bank of Canada FI purchased a new stake in Magnera in the fourth quarter worth $52,000. Institutional investors own 76.92% of the company’s stock.
Insider ActivityIn related news, Director Carl J. Rickertsen acquired 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were bought at an average cost of $20.
33 per share, for a total transaction of $406,600.00. Following the completion of the transaction, the director now owns 21,306 shares in the company, valued at approximately $433,150.
98. This trade represents a 1,531.39 % increase in their ownership of the stock.
The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Curt Begle bought 23,786 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were bought at an average price of $21.
08 per share, with a total value of $501,408.88. Following the completion of the transaction, the chief executive officer now owns 24,066 shares of the company’s stock, valued at $507,311.
28. The trade was a 8,495.00 % increase in their ownership of the stock.
The disclosure for this purchase can be found here. Company insiders own 2.26% of the company’s stock.
Magnera Stock PerformanceNYSE:MAGN opened at $14.65 on Tuesday. Magnera Corp has a 52-week low of $13.
07 and a 52-week high of $26.78. The company’s fifty day moving average is $17.
62. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.
52 and a current ratio of 2.45. The company has a market cap of $518.
61 million, a price-to-earnings ratio of -0.80 and a beta of 1.76.
Magnera (NYSE:MAGN – Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported ($1.69) EPS for the quarter.
Magnera had a negative net margin of 6.97% and a negative return on equity of 10.62%.
During the same quarter in the prior year, the business earned ($0.25) earnings per share. Analyst Upgrades and DowngradesSeveral research analysts have recently weighed in on MAGN shares.
Vertical Research began coverage on Magnera in a research note on Wednesday, March 19th. They set a “hold” rating and a $21.00 price target for the company.
Wells Fargo & Company lifted their target price on shares of Magnera from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th.
Read Our Latest Research Report on MAGNMagnera Company Profile (Free Report)Magnera’s purpose is to better the world with new possibilities made real. By continuously co-creating and innovating with our partners, we develop original material solutions that make a brighter future possible. With a breadth of technologies and a passion for what we create, Magnera’s solutions propel our customers’ goals forward and solve end-users’ problems, every day.
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