Wall Street Zen upgraded shares of Magnera (NYSE:MAGN – Free Report) from a sell rating to a hold rating in a report issued on Saturday.
Several other research firms have also recently commented on MAGN. Weiss Ratings raised shares of Magnera from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, June 1st. Wells Fargo & Company raised their price target on shares of Magnera from $13.00 to $16.00 and gave the company an “equal weight” rating in a report on Wednesday, July 15th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Magnera has a consensus rating of “Reduce” and a consensus price target of $16.00.
Check Out Our Latest Stock Analysis on Magnera
Magnera Stock Up 3.0%
Magnera (NYSE:MAGN – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.50) earnings per share for the quarter. Magnera had a negative net margin of 3.37% and a negative return on equity of 10.30%. The company had revenue of $796.00 million during the quarter.
Institutional Trading of Magnera
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its stake in shares of Magnera by 702.6% in the 4th quarter. Quadrant Capital Group LLC now owns 1,862 shares of the company’s stock valued at $28,000 after purchasing an additional 1,630 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of Magnera by 106.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,978 shares of the company’s stock worth $30,000 after buying an additional 1,021 shares during the period. Quarry LP bought a new stake in shares of Magnera during the fourth quarter worth approximately $30,000. BNP Paribas Financial Markets raised its stake in shares of Magnera by 92.7% during the second quarter. BNP Paribas Financial Markets now owns 3,102 shares of the company’s stock worth $37,000 after buying an additional 1,492 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Magnera by 13,014.3% in the fourth quarter. GAMMA Investing LLC now owns 3,672 shares of the company’s stock valued at $56,000 after buying an additional 3,644 shares during the period. 76.92% of the stock is owned by institutional investors.
About Magnera
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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