Landscape Capital Management L.L.C. Buys Shares of 48,896 Magnera Corporation $MAGN

Key Points

• Landscape Capital Management L.L.C. acquired a new investment in Magnera Corporation, purchasing 48,896 shares valued at approximately $888,000.
• A significant portion of Magnera's stock, approximately 76.92%, is currently held by institutional investors, highlighting strong interest from the institutional investment community.
• Analysts have recently downgraded Magnera from a "hold" to a "sell" rating, with Wells Fargo lowering the price target from $16.00 to $14.00.

Landscape Capital Management L.L.C. acquired a new position in Magnera Corporation (NYSE:MAGN - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 48,896 shares of the company's stock, valued at approximately $888,000. Landscape Capital Management L.L.C. owned about 0.14% of Magnera as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Madison Avenue Partners LP bought a new stake in shares of Magnera during the 4th quarter worth $61,892,000. Engine Capital Management LP purchased a new stake in Magnera in the fourth quarter worth approximately $42,851,000. Ancora Advisors LLC bought a new position in Magnera in the 4th quarter worth $30,047,000. Littlejohn & Co. LLC purchased a new stake in Magnera in the 4th quarter worth $25,591,000. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of Magnera during the 4th quarter valued at about $16,972,000. Institutional investors and hedge funds own 76.92% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wells Fargo & Company decreased their target price on shares of Magnera from $16.00 to $14.00 and set an "equal weight" rating for the company in a research report on Friday, July 18th. Wall Street Zen downgraded shares of Magnera from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Magnera presently has a consensus rating of "Hold" and a consensus target price of $17.50.

Magnera Price Performance

Shares of MAGN stock traded up $0.09 during mid-day trading on Friday, reaching $12.03. The company's stock had a trading volume of 246,820 shares, compared to its average volume of 634,577. The firm's 50-day moving average is $12.85 and its two-hundred day moving average is $14.72. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.62 and a current ratio of 2.54. Magnera Corporation has a 1-year low of $10.39 and a 1-year high of $26.78. The company has a market cap of $428.27 million, a P/E ratio of -1.57 and a beta of 1.73.

Magnera (NYSE:MAGN - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported ($0.51) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.54). The firm had revenue of $839.00 million for the quarter. Magnera had a negative return on equity of 9.57% and a negative net margin of 4.98%.The business's quarterly revenue was up 50.9% compared to the same quarter last year.

Magnera Company 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.