1,301,991 Shares in Magnera Corp (NYSE:MAGN) Acquired by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. acquired a new stake in Magnera Corp (NYSE:MAGN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,301,991 shares of the company's stock, valued at approximately $23,657,000. Fuller & Thaler Asset Management Inc. owned 37.20% of Magnera at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. acquired a new stake in shares of Magnera in the fourth quarter worth approximately $52,408,000. Khrom Capital Management LLC acquired a new stake in shares of Magnera in the 4th quarter worth $23,777,000. LSV Asset Management purchased a new position in shares of Magnera during the 4th quarter worth $18,382,000. Dimensional Fund Advisors LP acquired a new position in shares of Magnera during the 4th quarter valued at about $16,972,000. Finally, Loomis Sayles & Co. L P purchased a new stake in shares of Magnera in the fourth quarter valued at about $10,969,000. 76.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Magnera

In other Magnera news, Director Carl J. Rickertsen acquired 20,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was acquired at an average price of $20.33 per share, with a total value of $406,600.00. Following the completion of the purchase, the director now owns 21,306 shares in the company, valued at $433,150.98. This trade represents a 1,531.39 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Curt Begle acquired 23,786 shares of the stock in a transaction dated Tuesday, February 11th. The stock was acquired at an average cost of $21.08 per share, with a total value of $501,408.88. Following the purchase, the chief executive officer now owns 24,066 shares of the company's stock, valued at approximately $507,311.28. This trade represents a 8,495.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.26% of the company's stock.

Magnera Trading Up 1.9 %

Magnera stock traded up $0.27 during midday trading on Monday, hitting $14.65. 280,645 shares of the stock were exchanged, compared to its average volume of 494,470. Magnera Corp has a fifty-two week low of $13.07 and a fifty-two week high of $26.78. The firm has a market cap of $518.61 million, a PE ratio of -0.80 and a beta of 1.76. The stock's 50-day moving average price is $17.78. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.45 and a quick ratio of 1.52.

Magnera (NYSE:MAGN - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($1.69) earnings per share 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 last year, the firm earned ($0.25) EPS.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MAGN shares. Vertical Research started coverage on shares of Magnera in a research report on Wednesday, March 19th. They set a "hold" rating and a $21.00 price objective for the company. Wells Fargo & Company raised their price objective on shares of Magnera from $22.00 to $24.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th.

Magnera Profile

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.