Magnera Corp (NYSE:MAGN - Get Free Report) Director Carl J. Rickertsen bought 20,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average cost of $20.33 per share, for a total transaction of $406,600.00. Following the completion of the acquisition, the director now directly owns 21,306 shares in the company, valued at $433,150.98. The trade was a 1,531.39 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Magnera Trading Down 1.2 %
Shares of NYSE:MAGN traded down $0.23 during trading on Tuesday, reaching $19.49. 537,122 shares of the stock were exchanged, compared to its average volume of 524,449. The stock has a market cap of $689.95 million, a PE ratio of -1.06 and a beta of 1.67. 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 12 month low of $15.80 and a 12 month high of $29.77.
Magnera (NYSE:MAGN - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($1.69) earnings per share for the quarter. Magnera had a negative return on equity of 10.62% and a negative net margin of 6.97%. During the same period in the prior year, the firm posted ($0.25) EPS.
Analyst Ratings Changes
Separately, 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 report on Friday, February 7th.
View Our Latest Stock Report on MAGN
Hedge Funds Weigh In On Magnera
Hedge funds have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new position in shares of Magnera during the 4th quarter worth approximately $26,000. Shell Asset Management Co. bought a new stake in shares of Magnera in the fourth quarter valued at approximately $41,000. Vestcor Inc acquired a new stake in Magnera during the fourth quarter worth approximately $46,000. State of Alaska Department of Revenue bought a new position in Magnera during the 4th quarter worth $48,000. Finally, KBC Group NV bought a new position in Magnera during the 4th quarter worth $51,000. 76.92% of the stock is owned by institutional investors.
Magnera Company Profile
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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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