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

A number of other institutional investors and hedge funds have also recently modified their holdings of MAGN. Madison Avenue Partners LP bought a new stake in shares of Magnera in the 4th quarter valued at $61,892,000. Engine Capital Management LP acquired a new stake in Magnera in the fourth quarter worth $42,851,000. Ancora Advisors LLC acquired a new stake in Magnera in the fourth quarter worth $30,047,000. Littlejohn & Co. LLC bought a new stake in Magnera in the fourth quarter valued at $25,591,000. Finally, Dimensional Fund Advisors LP acquired a new position in shares of Magnera during the fourth quarter valued at about $16,972,000. 76.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on MAGN shares. Wall Street Zen downgraded Magnera from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Wells Fargo & Company cut their price target on Magnera from $16.00 to $14.00 and set an "equal weight" rating on the stock in a report on Friday, July 18th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $17.50.

Magnera Trading Up 0.6%

NYSE:MAGN opened at $12.39 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.54 and a quick ratio of 1.62. Magnera Corporation has a one year low of $10.39 and a one year high of $26.78. The company has a market cap of $441.08 million, a PE ratio of -1.62 and a beta of 1.67. The firm has a 50-day moving average of $12.88 and a 200-day moving average of $14.96.

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

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.

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