2 weeks Ago By ABMN Staff
Russell Investments Group Ltd. purchased a new stake in shares of Magnera Corp ( NYSE:MAGN – Free Report ) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 148,711 shares of the company’s stock, valued at approximately $2,702,000.
Russell Investments Group Ltd. owned approximately 4.25% of Magnera as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of MAGN. Wilmington Savings Fund Society FSB purchased a new position in Magnera in the fourth quarter valued at about $26,000. Vestcor Inc bought a new stake in shares of Magnera in the 4th quarter valued at approximately $46,000.
State of Alaska Department of Revenue acquired a new position in Magnera in the fourth quarter worth approximately $48,000. KBC Group NV bought a new position in Magnera during the fourth quarter valued at approximately $51,000. Finally, National Bank of Canada FI acquired a new stake in Magnera in the fourth quarter valued at approximately $52,000.
76.92% of the stock is owned by institutional investors and hedge funds. Magnera Trading Down 3.
4 % NYSE:MAGN opened at $14.56 on Friday. The firm has a market cap of $515.
42 million, a price-to-earnings ratio of -0.79 and a beta of 1.76.
The company has a quick ratio of 1.52, a current ratio of 2.45 and a debt-to-equity ratio of 1.
80. Magnera Corp has a 1 year low of $13.11 and a 1 year high of $26.
78. The firm has a fifty day moving average price of $18.79.
Wall Street Analyst Weigh In A number of research firms have recently weighed in on MAGN. Vertical Research assumed coverage on shares of Magnera in a report on Wednesday, March 19th. They set a “hold” rating and a $21.
00 price target on the stock. Wells Fargo & Company boosted their price target on Magnera from $22.00 to $24.
00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Get Our Latest Research Report on Magnera Insider Buying and Selling at Magnera In related news, CEO Curt Begle acquired 23,786 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were bought at an average price of $21.
08 per share, for a total transaction of $501,408.88. Following the acquisition, the chief executive officer now owns 24,066 shares in the company, valued at $507,311.
28. This trade represents a 8,495.00 % increase in their position.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, Director Carl J. Rickertsen acquired 20,000 shares of the business’s stock in a transaction dated Thursday, February 27th.
The shares were bought at an average cost of $20.33 per share, with a total value of $406,600.00.
Following the transaction, the director now directly owns 21,306 shares of the company’s stock, valued at $433,150.98. The trade was a 1,531.
39 % increase in their position. The disclosure for this purchase can be found here . Insiders own 2.
26% of the company’s stock. Magnera 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. Featured Stories Receive News & Ratings for Magnera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Magnera and related companies with MarketBeat.com's FREE daily email newsletter .
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