10,000 Shares in Magnera Corporation $MAGN Purchased by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC purchased a new position in Magnera Corporation (NYSE:MAGN) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,000 shares of the company’s stock, valued at approximately $121,000.

Several other large investors have also bought and sold shares of MAGN. GAMMA Investing LLC raised its holdings in Magnera by 1,132.5% in the first quarter. GAMMA Investing LLC now owns 3,759 shares of the company’s stock worth $68,000 after buying an additional 3,454 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Magnera during the first quarter valued at approximately $321,000. Oppenheimer Asset Management Inc. boosted its stake in Magnera by 15.3% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 27,091 shares of the company’s stock valued at $492,000 after purchasing an additional 3,598 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Magnera by 109.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,840 shares of the company’s stock valued at $216,000 after purchasing an additional 6,180 shares during the last quarter. Finally, Cannon Global Investment Management LLC purchased a new stake in Magnera during the 1st quarter valued at $301,000. 76.92% of the stock is owned by hedge funds and other institutional investors.

Magnera Price Performance

NYSE MAGN opened at $9.93 on Friday. The stock has a market capitalization of $353.51 million, a price-to-earnings ratio of -1.30 and a beta of 1.73. 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 1-year low of $9.91 and a 1-year high of $26.78. The business’s fifty day moving average price is $11.90 and its 200-day moving average price is $13.15.

Magnera (NYSE:MAGN) last posted its quarterly earnings data on Thursday, February 10th. The company reported $0.22 EPS for the quarter. The company had revenue of $235.28 million during the quarter. Magnera had a negative return on equity of 9.57% and a negative net margin of 4.98%.

Wall Street Analysts Forecast Growth

MAGN has been the topic of a number of research analyst reports. Wall Street Zen downgraded Magnera from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Magnera in a research report on Wednesday. Finally, Wells Fargo & Company decreased their target price on Magnera from $16.00 to $14.00 and set an “equal weight” rating for the company in a research report on Friday, July 18th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $17.50.

About Magnera

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.