Amica Retiree Medical Trust buys $241,638 stake in P H Glatfelter Co (GLT)

P H Glatfelter Co (GLT) : Amica Retiree Medical Trust scooped up 5,280 additional shares in P H Glatfelter Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 11,398 shares of P H Glatfelter Co which is valued at $241,638.P H Glatfelter Co makes up approximately 0.20% of Amica Retiree Medical Trust’s portfolio.

Other Hedge Funds, Including , Amica Mutual Insurance Co boosted its stake in GLT in the latest quarter, The investment management firm added 44,943 additional shares and now holds a total of 100,986 shares of P H Glatfelter Co which is valued at $2,140,903. P H Glatfelter Co makes up approx 0.20% of Amica Mutual Insurance Co’s portfolio.Shell Asset Management Co reduced its stake in GLT by selling 5,834 shares or 5.37% in the most recent quarter. The Hedge Fund company now holds 102,736 shares of GLT which is valued at $2,186,222. P H Glatfelter Co makes up approx 0.05% of Shell Asset Management Co’s portfolio.

P H Glatfelter Co opened for trading at $21.37 and hit $21.44 on the upside on Monday, eventually ending the session at $21.43, with a gain of 0.42% or 0.09 points. The heightened volatility saw the trading volume jump to 65,980 shares. Company has a market cap of $933 M.

On the company’s financial health, P H Glatfelter Co reported $0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.05. The company had revenue of $406.40 million for the quarter, compared to analysts expectations of $408.10 million. The company’s revenue was down -1.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.04 EPS.

P. H. Glatfelter Company (Glatfelter) is a manufacturer of specialty papers and fiber-based engineered materials. The company operates through three business units: Composite Fibers Advanced Airlaid Materials and Specialty Papers. Its Composite Fibers business unit consists of single-serve coffee and tea filtration papers metallized and self-adhesive labeling papers composite laminates and technical specialties including substrates for electrical applications such as batteries and capacitors. Its Advanced Airlaid Materials consists of airlaid non-woven fabric-like materials used in feminine hygiene and adult incontinence products baby wipes cleaning pads and wipes food pads napkins and tablecloths. Its Specialty Papers consists of papers for carbonless and other forms book publishing envelopes and engineered products such as papers for digital imaging packaging casting release transfer playing card postal and food and beverage applications.

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