Susquehanna Fundamental Investments LLC Invests $348,000 in Magnera Corp (NYSE:MAGN)

Susquehanna Fundamental Investments LLC acquired a new position in shares of Magnera Corp (NYSE:MAGN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 19,125 shares of the company's stock, valued at approximately $348,000. Susquehanna Fundamental Investments LLC owned about 0.55% of Magnera at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in Magnera during the 4th quarter worth $26,000. Vestcor Inc acquired a new stake in shares of Magnera during the 4th quarter valued at approximately $46,000. State of Alaska Department of Revenue acquired a new stake in Magnera in the fourth quarter valued at $48,000. KBC Group NV purchased a new stake in shares of Magnera in the fourth quarter valued at about $51,000. Finally, National Bank of Canada FI purchased a new stake in Magnera during the 4th quarter worth about $52,000. Hedge funds and other institutional investors own 76.92% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MAGN. Vertical Research started coverage on Magnera in a research note on Wednesday, March 19th. They issued a "hold" rating and a $21.00 price objective on the stock. Wells Fargo & Company increased their price target on Magnera from $22.00 to $24.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th.

Magnera Stock Up 0.4 %

Shares of MAGN traded up $0.06 during mid-day trading on Tuesday, hitting $15.19. 399,346 shares of the company's stock were exchanged, compared to its average volume of 483,928. The firm's fifty day simple moving average is $16.90. Magnera Corp has a twelve month low of $13.07 and a twelve month high of $26.78. The company has a current ratio of 2.45, a quick ratio of 1.52 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of $537.73 million, a PE ratio of -0.83 and a beta of 1.76.

Magnera (NYSE:MAGN - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported ($1.69) EPS for the quarter. Magnera had a negative return on equity of 10.62% and a negative net margin of 6.97%. During the same quarter in the prior year, the company earned ($0.25) EPS.

Insider Buying and Selling at Magnera

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

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.