MAGN Magnera Corporation Common Stock

NYSE · Paper & Forest · View on SEC EDGAR ↗
$12.29
Price · Aug 25, 2026
Fundamentals as of Aug 6, 2026

About Magnera Corporation Common Stock Company overview from Wikipedia

Glatfelter was a global manufacturer of engineered solutions. It merged with Berry Global’s Health, Hygiene and Specialties Global Nonwovens and Films business, to form Magnera Corporation, the largest nonwovens company in the world. Magnera provides a broad platform of solutions for the specialty materials industry.

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Glatfelter was a global manufacturer of engineered solutions. It merged with Berry Global’s Health, Hygiene and Specialties Global Nonwovens and Films business (the “HHNF Business”), to form Magnera Corporation (NYSE: MAGN), the largest nonwovens company in the world. Magnera provides a broad platform of solutions for the specialty materials industry.

The company's products are found in tea and single-serve coffee filtration, personal hygiene and packaging products as well as home improvement and industrial applications. Headquartered in Charlotte, North Carolina, the company's annualized net sales approximate $1 billion with customers in over 100 countries and approximately 2,560 employees worldwide. Operations include twelve manufacturing facilities located in the United States, Canada, Germany, France, the United Kingdom, and the Philippines.

The company was started by Philip Henry Glatfelter in 1864 in Spring Grove, Pennsylvania. Glatfelter's annual revenues are approximately $1.1 Billion annually, and its common stock is traded on the New York Stock Exchange under the ticker symbol GLT. Glatfelter and its subsidiaries employ approximately 3,250 people worldwide.

History

As early as 1880, Glatfelter led the industry with the installation of the world's largest paper machine.

Glatfelter switched to making paper using wood fiber instead of rags in the 1880s.

In 1934, Glatfelter began its forestry management initiative, encouraging farmers to plant more trees and prevent soil erosion.

In 1947, Glatfelter launched a tree farm managed for the growing of sustainable forest crops in Pennsylvania and Maryland.

Glatfelter's previous president and CEO, George Henry Glatfelter II, is the great-great grandson of the founder, Philip Henry Glatfelter (1837–1907), who also founded York Ice Company, which became York Heating and Air Conditioning.

Glatfelter's work with sustainable tea packaging was highlighted in the September 2009 issue of the Tea & Coffee Trade Journal.

In August 2018, Glatfelter announced an agreement to sell its Specialty Papers division to private investment firm Lindsay Goldberg for $360 million, with the sale to close before 2019. This formed a new privately held company, Pixelle Specialty Solutions.

In February 2020, Glatfelter announced it would relocate its corporate headquarters from York, Pennsylvania, to Charlotte, North Carolina later in the year.

In June 2021, Glatfelter acquired the Mount Holly and Memphis sites. The transaction included Georgia-Pacific’s Mount Holly, North Carolina airlaid manufacturing operation and an R&D development in Memphis Tennessee. The Mount Holly site produces airlaid products focused on table top materials.

In October 2021, Glatfelter acquired Jacob Holm. Glatfelter acquired four additional manufacturing sites and six sales offices located in the Americas, Europe, and Asia, and approximately 760 employees world-wide.

August 25, 2022, Glatfelter announced Thomas Fahnemann has been appointed to the role of president and chief executive officer. He replaced chairman and chief executive officer, Dante C. Parrini, who left the company following a 25-year career. The Board also appointed Kevin Fogarty, independent Glatfelter board director and chairman of the nominating and corporate governance committee, to the role of non-executive chairman.

February 14, 2024, US packaging producer Berry Global Group signed a definitive agreement with fellow US Glatfelter Corporation on 7 February for the spin-off and merger of the majority of Berry’s Health, Hygiene ad Specialties segment, including nonwovens and films ("HHNF”), with Glatfelter. The merger reportedly aims to create a leading, publicly traded company in the specialty materials industry.

November 4, 2024, Glatfelter merged with Berry Global’s Health, Hygiene and Specialties Global Nonwovens and Films business (the “HHNF Business”), forming Magnera Corporation.

Environmental concerns

In 2016, Glatfelter's Spring Grove paper mill was listed just outside the top 1% of toxic air pollution sources in the United States, according to the U.S. Environmental Protection Agency, ranking 160 out of 15,461 sites evaluated. The Pennsylvania Department of Environmental Protection cited the company for two significant violations since 2013, and the company has been federally cited for significant violations of the Clean Air Act. In response to these violations and subsequent press coverage, a Glatfelter representative stated to the York Daily Record that the company maintains a commitment to improving its environmental performance. Glatfelter sold the Spring Grove mill in 2018.

== Products ==

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

MAGN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$12.29
Market Cap
P/E (TTM)
-2.5
EPS (TTM)
$-4.47
Revenue (TTM)
$3.20B
Div Yield
ROE
-14.7%
Debt/Equity
1.8
52W Range
$8 – $16

MAGN Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $3.20B
10-point trend, +300.3%
2017-12-31 2025-09-27
EPS $-4.47
10-point trend, -2583.3%
2017-12-31 2025-09-27
Free Cash Flow $36M
8-point trend, +228.4%
2017-12-31 2025-09-27
Margins -5.0%
7-point trend, -22.4%
2017-12-31 2023-12-31

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
MAGN
Peer Median
P/E (TTM)
5-point trend, -100.6%
-2.5
14.7

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
MAGN
Peer Median
Operating Margin
5-point trend, -97.0%
0.16%
Net Profit Margin
5-point trend, -313.8%
-5.0%
-3.2%
ROA
5-point trend, -381.9%
-4.7%
-2.8%
ROE
5-point trend, -493.1%
-14.7%
-6.1%
ROIC
5-point trend, -95.5%
0.16%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
MAGN
Peer Median
Debt / Equity
5-point trend, +238.2%
1.8
Current Ratio
5-point trend, +22.0%
2.4
2.3
Quick Ratio
5-point trend, +44.4%
1.4

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
MAGN
Peer Median
Revenue YoY
5-point trend, +114.8%
46.5%
Revenue CAGR 3Y
5-point trend, +114.8%
29.0%
Revenue CAGR 5Y
5-point trend, +114.8%
28.4%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
MAGN
Peer Median
EPS (Diluted)
5-point trend, -3.2%
$-4.47

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
MAGN
Peer Median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
Payout Ratio
5Y Div CAGR
Ex-dateAmount
June 30, 2022$1.8200
March 31, 2022$1.8200
Dec. 31, 2021$1.8200
Sept. 30, 2021$1.8200
June 30, 2021$1.8200
March 31, 2021$1.7550
Dec. 31, 2020$1.7550
Oct. 2, 2020$1.7550
July 1, 2020$1.7550
April 2, 2020$1.6900
Jan. 2, 2020$1.6900
Oct. 2, 2019$1.6900
July 2, 2019$1.6900
April 2, 2019$1.6900
Jan. 2, 2019$1.6900
Oct. 2, 2018$1.6900
July 2, 2018$1.6900
April 2, 2018$1.6900
Jan. 2, 2018$1.6900
Oct. 10, 2017$1.6900

MAGN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

SELL 7 analysts
  • Strong Buy 0 0.0%
  • Buy 0 0.0%
  • Hold 4 57.1%
  • Sell 1 14.3%
  • Strong Sell 2 28.6%

12-Month Price Target

2 analysts · 2026-08-23
Median target $15.50 +26.1%
Mean target $15.50 +26.1%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
-0.92%
Period EPS Actual EPS Est Surprise
Sept. 30, 2026 $-0.56 $0.26 -0.81%
June 30, 2026 $-0.56 $0.26 -0.81%
March 31, 2026 $-0.50 $-0.04 -0.46%
Dec. 31, 2025 $-0.95 $0.11 -1.1%
Sept. 30, 2025 $-1.13 $0.16 -1.3%
June 30, 2025 $-0.51 $0.15 -0.66%
March 31, 2025 $-1.15 $0.20 -1.4%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
MAGN -2.5 46.5% -5.0% -14.7%
SLVM $1.90B 14.9 -11.2% 3.9% 13.7%
CLW -15.1 12.4% -1.2% -2.2%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 18
Annual Income Statement data for MAGN
Metric Trend 20252024202320222021202020192018201720162015
Revenue 11-point trend, +92.2% $3.20B $2.19B $1.40B $1.49B $1.08B $916M $928M $866M $800M $761M $1.67B
Cost of Revenue 11-point trend, +95.9% $2.87B $1.95B $1.26B $1.34B $940M $769M $780M $736M $657M $629M $1.46B
Gross Profit 9-point trend, -36.1% · · $130M $149M $145M $148M $148M $130M $144M $132M $203M
R&D Expense 2-point trend, +53.8% $20M $13M · · · · · · · · ·
SG&A Expense 11-point trend, +48.8% $190M $107M $110M $125M $121M $99M $95M $112M $111M $153M $128M
Operating Expenses 2-point trend, +49.6% $2.85B $1.91B · · · · · · · · ·
Operating Income 11-point trend, -94.8% $5M $-141M $3M $-164M $29M $49M $55M $22M $33M $-22M $96M
Interest Expense 9-point trend, +270.7% · · $65M $33M $12M $7M $10M $16M $13M $14M $17M
Interest Income 9-point trend, +425.1% · · $1M $408.0K $73.0K $399.0K $1M $559.0K $237.0K $206.0K $283.0K
Other Non-op 11-point trend, -4778.0% $-30M $9M $-11M $-8M $-3M $-4M $-4M $383.0K $-705.0K $-7M $-615.0K
Pretax Income 11-point trend, -311.3% $-166M $-135M $-71M $-204M $14M $32M $-34M $7M $19M $-43M $79M
Income Tax 11-point trend, -150.0% $-7M $19M $7M $-10M $7M $12M $-9M $8M $25M $-28M $14M
Net Income 11-point trend, -346.2% $-159M $-154M $-79M $-194M $7M $21M $-22M $-178M $8M $22M $65M
EPS (Basic) 11-point trend, -400.0% $-4.47 $-4.84 $-1.75 $-4.33 $0.15 $0.48 $-0.49 $-4.06 $0.18 $0.49 $1.49
EPS (Diluted) 11-point trend, -404.1% $-4.47 $-4.84 $-1.75 $-4.33 $0.15 $0.48 $-0.49 $-4.06 $0.18 $0.49 $1.47
Shares (Basic) 11-point trend, -18.2% 35,500,000 31,800,000 45,058,000 44,828,000 44,551,000 44,339,000 44,132,000 43,768,000 43,609,000 43,558,000 43,397,000
Shares (Diluted) 11-point trend, -19.2% 35,500,000 31,800,000 45,058,000 44,828,000 44,924,000 44,614,000 44,132,000 43,768,000 44,439,000 44,129,000 43,942,000
EBITDA 10-point trend, +32.2% $211M · $66M $-97M $90M $106M $105M $69M $134M $94M $160M
Balance Sheet 30
Annual Balance Sheet data for MAGN
Metric Trend 20252024202320222021202020192018201720162015
Cash & Equivalents 11-point trend, +189.6% $305M $230M $50M $111M $138M $100M $126M $143M $116M $55M $105M
Receivables 11-point trend, +212.2% $522M $359M $171M $196M $170M $123M $124M $120M $111M $153M $167M
Inventory 11-point trend, +91.7% $474M $259M $298M $309M $280M $196M $190M $173M $136M $250M $247M
Prepaid Expense 11-point trend, +273.7% $122M $38M $86M $64M $48M $34M $36M $33M $32M $36M $33M
Other Current Assets 4-point trend, -26.9% · · · · · · · $327M $279M $439M $447M
Current Assets 11-point trend, +157.6% $1.42B $886M $606M $679M $637M $453M $477M $469M $585M $494M $552M
PP&E (Net) 11-point trend, +111.2% $1.48B $949M $663M $676M $759M $543M $537M $556M $515M $429M $699M
PP&E (Gross) 2-point trend, +37.5% $2.64B $1.92B · · · · · · · · ·
Accum. Depreciation 11-point trend, +15.2% $1.16B $970M $697M $645M $592M $569M $490M $459M $435M $1.04B $1.01B
Goodwill 11-point trend, +771.7% $663M $624M $108M $105M $236M $164M $151M $153M $83M $73M $76M
Intangibles 11-point trend, +260.0% $227M $226M $106M $109M $156M $82M $84M $94M $59M $56M $63M
Other Non-current Assets 11-point trend, +25.4% $138M $73M $81M $78M $93M $44M $34M $67M $81M $122M $110M
Total Assets 11-point trend, +165.9% $3.99B $2.81B $1.56B $1.65B $1.88B $1.29B $1.28B $1.34B $1.73B $1.52B $1.50B
Accounts Payable 11-point trend, +106.1% $356M $295M $158M $218M $214M $128M $130M $121M $113M $164M $173M
Accrued Liabilities · $162M · · · · · · · · ·
Short-term Debt 4-point trend, +6150000.00 · · $6M $11M $23M $0 · · · · ·
Current Liabilities 11-point trend, +97.5% $601M $457M $280M $360M $371M $233M $231M $233M $347M $323M $304M
Capital Leases 2-point trend, +15.4% $45M $39M · · · · · · · · ·
Deferred Tax 11-point trend, -39.8% $46M $78M $52M $54M $87M $77M $76M $79M $84M $55M $76M
Other Non-current Liabilities 11-point trend, +172.6% $281M $94M $121M $121M $141M $110M $84M $88M $80M $126M $103M
Total Liabilities 11-point trend, +249.4% $2.92B $668M $1.31B $1.33B $1.34B $709M $728M $801M $1.02B $867M $837M
Long-term Debt 11-point trend, +436.5% $1.95B $1.95B $872M $844M $776M $315M $362M $413M $483M $375M $364M
Total Debt 10-point trend, +436.5% $1.95B · $860M $845M $787M $314M $360M $412M $481M $373M $364M
Common Stock 11-point trend, +83.8% $1M $0 $544.0K $544.0K $544.0K $544.0K $544.0K $544.0K $544.0K $544.0K $544.0K
Paid-in Capital 2-point trend, +1417000000.00 $1.42B $0 · · · · · · · · ·
Retained Earnings 11-point trend, -116.5% $-159M $0 $420M $499M $706M $723M $726M $770M $948M $963M $963M
Treasury Stock 9-point trend, -15.2% · · $140M $144M $148M $151M $152M $157M $162M $163M $165M
AOCI 11-point trend, -2.4% $-195M $-168M $-83M $-98M $-80M $-59M $-78M $-137M $-141M $-205M $-190M
Stockholders' Equity 11-point trend, +60.4% $1.06B $2.14B $257M $318M $543M $578M $556M $539M $709M $654M $663M
Liabilities + Equity 11-point trend, +165.9% $3.99B $2.81B $1.56B $1.65B $1.88B $1.29B $1.28B $1.34B $1.73B $1.52B $1.50B
Cash Flow 19
Annual Cash Flow data for MAGN
Metric Trend 20252024202320222021202020192018201720162015
D&A 11-point trend, +225.8% $206M $175M $63M $67M $61M $57M $51M $48M $42M $39M $63M
Stock-based Comp 11-point trend, +162.3% $19M $7M $3M $831.0K $5M $6M $4M $6M $5M $5M $7M
Deferred Tax 11-point trend, -1319.6% $-27M $-9M $-12M $-24M $-14M $-2M $-23M $-8M $12M $-38M $-2M
Amort. of Intangibles 11-point trend, +836.3% $50M $48M $9M $10M $10M $8M $8M $6M $5M $5M $5M
Restructuring 2-point trend, +196.7% $89M $30M · · · · · · · · ·
Other Non-cash 10-point trend, +10747.5% $64M · $-431.0K $110M $11M $28M $93M $126M $-5M $45M $590.0K
Operating Cash Flow 11-point trend, -23.0% $103M $192M $-26M $-41M $71M $109M $103M $-6M $53M $31M $134M
CapEx 11-point trend, -32.9% $67M $72M $34M $38M $30M $28M $28M $42M $81M $61M $100M
Investing Cash Flow 10-point trend, +87.1% $-8M $-39M $-37M $-33M $-490M $-27M $-27M $-218M $-81M $-62M ·
Debt Issued 7-point trend, +9028.9% · · $262M $0 $47M $0 $249M · · $19M $3M
Net Debt Issued 10-point trend, -20443.3% $-484M · $34M $-35M $21M $-23M $232M $-11M $-10M $11M $-2M
Stock Issued 2-point trend, +1556000000.00 $1.56B $0 · · · · · · · · ·
Net Stock Activity $1.56B · · · · · · · · · ·
Dividends Paid 9-point trend, -100.0% · · $0 $19M $24M $23M $23M $23M $22M $22M $20M
Financing Cash Flow 10-point trend, -218.1% $-21M $-109M $-949.0K $47M $462M $-100M $-73M $-91M $77M $-7M ·
Net Change in Cash 11-point trend, +1271.9% $75M $45M $-63M $-29M $38M $-13M $3M $-321M $56M $-40M $5M
Taxes Paid 9-point trend, -40.5% · · $9M $24M $16M $-10M $14M $15M $9M $14M $16M
Free Cash Flow 10-point trend, +6.3% $36M · $-59M $-79M $41M $81M $75M $-48M $-28M $-44M $34M
Levered FCF 9-point trend, -769.2% · · $-131M $-110M $35M $76M $67M $-47M $-32M $-76M $20M
Profitability 8
Annual Profitability data for MAGN
Metric Trend 20252024202320222021202020192018201720162015
Gross Margin 9-point trend, -23.2% · · 9.4% 10.0% 13.4% 16.1% 15.9% 15.0% 12.1% 13.6% 12.2%
Operating Margin 10-point trend, -97.2% 0.16% · 0.20% -11.0% 2.6% 5.4% 5.9% 2.5% 3.6% 1.7% 5.8%
Net Margin 10-point trend, -228.2% -5.0% · -5.7% -13.0% 0.64% 2.3% -2.3% -20.5% 0.50% 1.3% 3.9%
Pretax Margin 10-point trend, -210.0% -5.2% · -5.1% -13.7% 1.3% 3.5% -3.7% 0.84% 2.5% 0.67% 4.7%
EBITDA Margin 10-point trend, -31.2% 6.6% · 4.8% -6.5% 8.3% 11.5% 11.4% 8.0% 8.4% 5.8% 9.6%
ROA 10-point trend, -211.2% -4.7% · -4.9% -11.0% 0.44% 1.7% -1.6% -11.6% 0.49% 1.4% 4.2%
ROE 10-point trend, -249.8% -14.7% · -5.9% -60.9% 1.2% 3.8% -3.9% -31.0% 1.2% 3.3% 9.8%
ROIC 10-point trend, -97.9% 0.16% · 0.27% -13.4% 1.1% 3.5% 4.4% -0.14% 0.98% 5.4% 7.7%
Liquidity & Solvency 5
Annual Liquidity & Solvency data for MAGN
Metric Trend 20252024202320222021202020192018201720162015
Current Ratio 10-point trend, +30.4% 2.4 · 2.2 1.9 1.7 1.9 2.1 2.0 1.7 1.5 1.8
Quick Ratio 10-point trend, +53.7% 1.4 · 0.8 0.8 0.8 1.0 1.1 1.1 0.8 0.6 0.9
Debt / Equity 10-point trend, +234.4% 1.8 · 3.3 2.7 1.5 0.5 0.6 0.8 0.7 0.6 0.5
LT Debt / Equity 10-point trend, +241.3% 1.8 · 3.3 2.5 1.4 0.5 0.6 0.7 0.7 0.6 0.5
Interest Coverage 9-point trend, -99.2% · · 0.0 -4.9 2.3 7.0 5.2 1.4 3.3 1.8 5.5
Efficiency 3
Annual Efficiency data for MAGN
Metric Trend 20252024202320222021202020192018201720162015
Asset Turnover 10-point trend, -13.3% 0.9 · 0.9 0.8 0.7 0.7 0.7 0.6 1.0 1.1 1.1
Inventory Turnover 10-point trend, +32.5% 7.8 · 4.1 4.6 4.0 4.0 4.3 4.8 5.6 5.6 5.9
Receivables Turnover 10-point trend, -27.8% 7.3 · 7.6 8.2 7.4 7.4 7.6 7.5 9.8 10.1 10.1
Per Share 4
Annual Per Share data for MAGN
Metric Trend 20252024202320222021202020192018201720162015
Revenue / Share 10-point trend, +137.9% $90.25 · $30.75 $33.27 $24.15 $20.54 $21.02 $19.79 $35.92 $36.51 $37.93
Cash Flow / Share 10-point trend, -4.7% $2.90 · $-0.57 $-0.91 $1.58 $2.44 $2.33 $-0.14 $2.35 $2.63 $3.04
Dividend / Share 7-point trend, -41.7% · · · $0 $1 $1 $1 · $1 $0 $0
EPS (TTM) 10-point trend, -404.1% $-4.47 · $-1.75 $-4.33 $0.15 $0.48 $-0.49 $-4.06 $0.18 $0.49 $1.47
Growth Rates 5
Annual Growth Rates data for MAGN
Metric Trend 20252024202320222021202020192018201720162015
Revenue YoY 5-point trend, +153.4% 46.5% -3.9% -7.1% 37.5% 18.4% · · · · · ·
Revenue CAGR 3Y 3-point trend, +96.5% 29.0% 26.3% 14.8% · · · · · · · ·
Revenue CAGR 5Y 28.4% · · · · · · · · · ·
EPS YoY · · · · -68.8% · · · · · ·
Net Income YoY · · · · -67.4% · · · · · ·
Valuation (TTM) 6
Annual Valuation (TTM) data for MAGN
Metric Trend 20252024202320222021202020192018201720162015
Revenue TTM 10-point trend, +92.2% $3.20B · $1.40B $1.49B $1.08B $916M $928M $866M $800M $761M $1.67B
Net Income TTM 10-point trend, -346.2% $-159M · $-79M $-194M $7M $21M $-22M $-178M $8M $22M $65M
P/E 10-point trend, -101.5% -2.5 · -14.4 -8.3 1490.7 443.6 -485.5 -31.3 1548.4 633.8 163.1
Earnings Yield 10-point trend, -6744.3% -40.5% · -6.9% -12.0% 0.07% 0.23% -0.21% -3.2% 0.06% 0.16% 0.61%
Payout Ratio 9-point trend, -100.0% · · 0.00% -9.7% 352.6% 110.3% -106.5% -12.8% 284.1% 100.2% 31.7%
Annual Payout 9-point trend, -100.0% · · $0 $19M $24M $23M $23M $23M $22M $22M $20M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-09-272024-09-282023-12-312023-09-302022-12-31
Revenue $3.20B$2.19B$1.40B$2.27B$1.49B
Gross Margin % 9.4%10.0%
Operating Margin % 0.16%0.20%-11.0%
Net Income $-159M$-154M$-79M$38M$-194M
Diluted EPS $-4.47$-4.84$-1.75$1.19$-4.33
Balance Sheet
2025-09-272024-09-282023-12-312023-09-302022-12-31
Debt / Equity 1.83.32.7
Current Ratio 2.42.21.9
Quick Ratio 1.40.80.8
Cash Flow
2025-09-272024-09-282023-12-312023-09-302022-12-31
Free Cash Flow $36M$-59M$-79M

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Institutional owners (13F) 196 filers · $344.9M total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
31 (+2 vs prior Q) 21 (-11 vs prior Q) 57 (-6 vs prior Q) 42 (-6 vs prior Q) +1.1M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
Newtyn Management, LLC $32,900,000 2,800,000 9.54% Shares
Engine Capital Management, LP $26,364,967 2,243,827 7.64% Shares
LITTLEJOHN & CO LLC $22,196,784 1,889,088 6.44% Shares
VANGUARD CAPITAL MANAGEMENT LLC $18,366,554 1,563,111 5.32% Shares
Madison Avenue Partners, LP $15,299,276 1,302,066 4.44% Shares
Diameter Capital Partners LP $14,168,068 1,205,793 4.11% Shares
DG Capital Management, LLC $12,942,343 1,101,476 3.75% Shares
CANYON CAPITAL ADVISORS LLC $9,517,500 810,000 2.76% Shares
D. E. Shaw & Co., Inc. $9,279,504 789,745 2.69% Shares
BLACK DIAMOND CAPITAL MANAGEMENT, L.L.C. $9,060,000 750,000 2.63% Shares
Clearline Capital LP $8,707,878 741,096 2.52% Shares
GEODE CAPITAL MANAGEMENT, LLC $8,655,416 736,407 2.51% Shares
STATE STREET CORP $7,895,142 671,927 2.29% Shares
JB CAPITAL PARTNERS LP $7,696,250 655,000 2.23% Shares
Verition Fund Management LLC $7,135,810 607,303 2.07% Shares
JACOBS LEVY EQUITY MANAGEMENT, INC $7,068,788 601,599 2.05% Shares
AMERICAN CENTURY COMPANIES INC $7,049,894 599,991 2.04% Shares
AMERIPRISE FINANCIAL INC $6,794,087 578,220 1.97% Shares
DIMENSIONAL FUND ADVISORS LP $6,628,645 564,140 1.92% Shares
Assenagon Asset Management S.A. $6,567,745 558,957 1.90% Shares
AQR CAPITAL MANAGEMENT LLC $5,539,115 471,414 1.61% Shares
ALGERT GLOBAL LLC $5,256,562 447,367 1.52% Shares
J. Goldman & Co LP $4,993,621 424,989 1.45% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $4,973,904 423,311 1.44% Shares
Seven Six Capital Management, LLC $4,683,174 398,568 1.36% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $4,238,202 360,698 1.23% Shares
Loews Corp $3,525,000 300,000 1.02% Shares
BNP PARIBAS FINANCIAL MARKETS $3,437,451 292,549 1.00% Shares
CastleKnight Management LP $3,314,616 282,095 0.96% Shares
VANGUARD GROUP INC $3,218,386 212,575 0.93% Shares
VANGUARD FIDUCIARY TRUST CO $2,647,921 225,355 0.77% Shares
GRATIA CAPITAL, LLC $2,642,246 224,872 0.77% Shares
Squarepoint Ops LLC $2,552,946 217,272 0.74% Shares
Man Group plc $2,434,248 207,170 0.71% Shares
BRIDGEWAY CAPITAL MANAGEMENT, LLC $2,427,597 206,604 0.70% Shares
GOLDMAN SACHS GROUP INC $2,353,596 200,306 0.68% Shares
READYSTATE ASSET MANAGEMENT LP $2,262,275 192,534 0.66% Shares
PRIVATE MANAGEMENT GROUP INC $2,194,054 186,728 0.64% Shares
NORGES BANK $2,120,875 180,500 0.61% Shares
Trexquant Investment LP $2,058,318 175,176 0.60% Shares
STATE OF WISCONSIN INVESTMENT BOARD $1,937,434 164,888 0.56% Shares
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND $1,898,800 161,600 0.55% Shares
TUDOR INVESTMENT CORP ET AL $1,733,066 147,495 0.50% Shares
Empowered Funds, LLC $1,665,657 141,758 0.48% Shares
Vanguard Global Advisers, LLC $1,296,836 110,369 0.38% Shares
XTX Topco Ltd $1,256,134 106,905 0.36% Shares
Alpine Global Management, LLC $1,175,000 100,000 0.34% Shares
RAYMOND JAMES FINANCIAL INC $991,477 84,381 0.29% Shares
Balyasny Asset Management L.P. $955,393 81,310 0.28% Shares
Quinn Opportunity Partners LLC $888,582 75,624 0.26% Shares
FMR LLC $871,216 74,146 0.25% Shares
Cubist Systematic Strategies, LLC $849,169 72,455 0.25% Shares
Susquehanna Portfolio Strategies, LLC $833,099 70,902 0.24% Shares
MORGAN STANLEY $831,007 70,724 0.24% Shares
Nebula Research & Development LLC $817,599 67,682 0.24% Shares
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO $672,981 57,275 0.20% Shares
BANK OF AMERICA CORP /DE/ $641,844 54,625 0.19% Shares
Quantbot Technologies LP $634,700 54,017 0.18% Shares
Voleon Capital Management LP $588,522 50,087 0.17% Shares
Engineers Gate Manager LP $578,570 49,240 0.17% Shares
RBF Capital, LLC $534,531 45,492 0.15% Shares
RHUMBLINE ADVISERS $483,918 41,185 0.14% Shares
Tactive Advisors, LLC $470,411 40,035 0.14% Shares
TWO SIGMA ADVISERS, LP $470,127 31,052 0.14% Shares
BlackRock, Inc. $466,581 39,709 0.14% Shares
Bank of New York Mellon Corp $450,824 38,368 0.13% Shares
DEUTSCHE BANK AG\ $387,092 32,944 0.11% Shares
VOYA INVESTMENT MANAGEMENT LLC $383,708 32,656 0.11% Shares
ALLIANCEBERNSTEIN L.P. $372,164 39,134 0.11% Shares
CANADA PENSION PLAN INVESTMENT BOARD $371,300 31,600 0.11% Shares
Odyssean, LLC $355,273 30,236 0.10% Shares
Dynamic Technology Lab Private Ltd $340,000 28,942 0.10% Shares
Sterling Capital Management LLC $304,560 25,920 0.09% Shares
KNIGHTSBRIDGE ASSET MANAGEMENT, LLC $299,367 25,478 0.09% Shares
TWO SIGMA INVESTMENTS, LP $290,707 24,741 0.08% Shares
CITIGROUP INC $284,773 24,236 0.08% Shares
AlphaQuest LLC $277,955 18,359 0.08% Shares
BROWN ADVISORY INC $259,134 22,054 0.08% Shares
IEQ CAPITAL, LLC $254,188 21,633 0.07% Shares
Brevan Howard Capital Management LP $249,288 21,216 0.07% Shares
National Philanthropic Trust $244,964 20,848 0.07% Shares
PRELUDE CAPITAL MANAGEMENT, LLC $236,457 20,124 0.07% Shares
LPL Financial LLC $235,106 20,009 0.07% Shares
State of Wyoming $233,167 19,844 0.07% Shares
ARISTEIA CAPITAL, L.L.C. $222,851 18,966 0.06% Shares
Universal- Beteiligungs- und Servicegesellschaft mbH $218,162 18,567 0.06% Shares
MetLife Investment Management, LLC $210,372 17,904 0.06% Shares
Glenmede Investment Management, LP $207,350 17,692 0.06% Shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC $203,201 15,752 0.06% Shares
GLENMEDE TRUST CO NA $190,256 16,192 0.06% Shares
HSBC HOLDINGS PLC $190,061 16,527 0.06% Shares
EP Wealth Advisors, LLC $183,982 15,658 0.05% Shares
Cetera Investment Advisers $183,406 15,609 0.05% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $182,689 15,548 0.05% Shares
Mariner, LLC $179,553 15,281 0.05% Shares
OPPENHEIMER ASSET MANAGEMENT INC. $178,212 15,167 0.05% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $155,100 13,200 0.04% Call option
Invesco Ltd. $148,297 12,621 0.04% Shares
GLOBEFLEX CAPITAL L P $147,157 12,524 0.04% Shares
MERCER GLOBAL ADVISORS INC /ADV $145,547 12,387 0.04% Shares

Company insiders 53 insiders · 33 officers · 22 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Curt Begle President & CEO Nov. 14, 2025 A 18,208 0 0 $0
Dante C Parrini Chairman and CEO May 20, 2022 P 454,256 0 0 $0
James Till EVP, CFO & Treasurer Nov. 14, 2025 A 2,726 0 0 $0
Ramesh Shettigar Senior VP, CFO & Treasurer May 12, 2024 M 45,151 0 0 $0
Samuel L. Hillard SVP, CFO Feb. 18, 2022 A 56,423 0 0 $0
John P Jacunski Exec Vice President & CFO Feb. 26, 2019 M 106,284 0 0 $0
John C Van Roden JR Chief Financial Officer May 12, 2006 M 1,900 0 0 $0
Achim Schalk President, EMEIA/APAC Nov. 4, 2024 A 0 0 $0
Tarun Manroa EVP, COO Nov. 14, 2025 A 2,015 0 0 $0
Boris Illetschko SVP, Chief Operating Officer Aug. 1, 2024 M 12,426 0 0 $0
Jill L. Urey EVP, GC & Corp Sec Feb. 28, 2026 M 5,134 0 0 $0
Eileen L Beck EVP, Chief HR Officer Feb. 24, 2025 M 6,822 0 0 $0
David C Elder Vice Pres, Finance and CAO May 12, 2024 M 107,177 0 0 $0
Wolfgang Laures SVP, IGSC and IT Feb. 24, 2023 A 316,568 0 0 $0
Christopher W. Astley SVP, Chief Commercial Officer Feb. 24, 2023 A 61,385 0 0 $0
Philippe Sevoz VP, Global Operations Feb. 22, 2021 M 1,768 0 0 $0
Joseph J. Zakutney Jr VP, CIO & Global Business Ser Feb. 21, 2020 A 12,788 0 0 $0
Martin Rapp Senior VP, Bus.Unit Pres.-CFBU Feb. 26, 2019 M 66,454 0 0 $0
Kent K. Matsumoto VP, Gnl. Counsel & Secretary Feb. 22, 2018 A 2,665 0 0 $0
Timothy R Hess Senior VP, Bus. Unit Pres-SPBU Feb. 22, 2018 A 9,365 0 0 $0
Brian E Janki Senior VP, Bus.Unit Pres.-SPBU Feb. 25, 2016 A 8,310 0 0 $0
Mark A Sullivan V. P. Global Supply Chain Feb. 25, 2016 A 33,321 0 0 $0
William T. Yanavitch II Senior VP, H.R. & Admin. Feb. 25, 2016 A 28,214 0 0 $0
Jonathan Bourget VP, AMBU Business Unit Feb. 26, 2014 A 5,192 0 0 $0
Debabrata Mukherjee Vice President, Business Unit May 8, 2013 M 57,622 0 0 $0
Michael L Korniczky VP, Gen. Counsel & Secretary March 6, 2012 A 0 0 $0
Thomas G Jackson VP, Secretary, General Counsel March 3, 2011 A 704 0 0 $0
Jeffrey J Norton Secretary March 5, 2008 A 0 0 $0
Werner A Ruckenbrod Vice President Long Fiver & Ov Feb. 15, 2006 A 1,108 0 0 $0
Matthew C Smith Treasurer April 7, 2004 A 4,684 0 0 $0
Markus R Mueller Secretary April 7, 2004 A 370 0 0 $0
Robert L Inners II Vice President March 3, 2004 A 4,384 0 0 $0
John R Anke Treasurer Jan. 2, 2004 D 0 0 $0
Thomas Fahnemann Director March 9, 2026 A 83,622 0 0 $0
Mary Dean Hall Director March 9, 2026 A 9,501 0 0 $0
Michael S Curless Director March 9, 2026 A 9,501 0 0 $0
Tom Salmon Director March 9, 2026 A 9,501 0 0 $0
Samantha J. Marnick Director March 9, 2026 A 13,501 0 0 $0
Kevin Michael Fogarty Director March 9, 2026 A 22,314 0 0 $0
Bruce Brown Director March 9, 2026 A 21,533 0 0 $0
Carl J Rickertsen Director March 9, 2026 A 50,807 0 0 $0
Darrel H. Hackett Director May 10, 2024 A 74,598 0 0 $0
Marie T. Gallagher Director May 10, 2024 A 55,528 0 0 $0
Robert J Hall Director May 10, 2024 A 145,469 0 0 $0
Kathleen Dahlberg Director May 10, 2024 A 128,719 0 0 $0
Lee C Stewart Director Sept. 25, 2023 M 123,719 0 0 $0
Nicholas Debenedictis Director May 7, 2020 A 97,457 0 0 $0
Ronald J Naples Director May 7, 2020 A 69,521 0 0 $0
Richard C Ill Director May 8, 2019 M 62,893 0 0 $0
Richard L Smoot Director May 7, 2015 M 30,568 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 7 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
ENGINE CAPITAL, L.P., ENGINE JET CAPITAL, L.P., ENGINE LIFT CAPITAL, LP, ENGINE CAPITAL MANAGEMENT, LP, ENGINE CAPITAL MANAGEMENT GP, LLC, ENGINE INVESTMENTS, LLC, ENGINE INVESTMENTS II, LLC, ARNAUD AJDLER Nov. 21, 2024 Initial filing Passive investment SEC
Carlson Capital, L.P., Double Black Diamond Offshore Ltd., Black Diamond Offshore Ltd., Asgard Investment Corp. II, Clint D. Carlson ×7 filings Nov. 6, 2024 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person March 21, 2007 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person Sept. 27, 2006 Initial filing Passive investment SEC
Undisclosed reporting person, Undisclosed reporting person July 23, 2004 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person Aug. 13, 2002 Initial filing SEC
P. H. Glatfelter Family Shareholders' Voting Trust established pursuant to agreement dated as of July 1, 1993, Voting Trustee of P. H. Glatfelter Family Shareholders' Voting Trust established pursuant to agreement dated as of July 1, 1993 Sept. 13, 2001 Initial filing SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 31 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
OASC · Unified Series Trust 0.12% 9,125 NS May 31, 2026 N-PORT
IWC · iShares Trust 0.09% 115,823 SH Aug. 21, 2026 Daily
VFVA · VANGUARD WELLINGTON FUND 0.05% 36,974 SH Aug. 19, 2026 Daily
PRFZ · Invesco Exchange-Traded Fund Trust 0.03% 82,478 SH Aug. 21, 2026 Daily
FNDA · SCHWAB STRATEGIC TRUST 0.03% 256,456 NS May 31, 2026 N-PORT
VTWV · VANGUARD SCOTTSDALE FUNDS 0.03% 29,430 SH Aug. 19, 2026 Daily
VAW · VANGUARD WORLD FUND 0.03% 97,417 SH Aug. 19, 2026 Daily
IWN · iShares Trust 0.03% 306,052 SH Aug. 21, 2026 Daily
AVUV · AMERICAN CENTURY ETF TRUST 0.02% 491,815 NS May 31, 2026 N-PORT
IWM · iShares Trust 0.01% 848,777 SH Aug. 21, 2026 Daily
AVSC · AMERICAN CENTURY ETF TRUST 0.01% 26,686 NS May 31, 2026 N-PORT
VTWO · VANGUARD SCOTTSDALE FUNDS 0.01% 194,120 SH Aug. 19, 2026 Daily
RSSL · Global X Funds 0.01% 14,211 NS April 30, 2026 N-PORT
ITWO · ProShares Trust 0.01% 1,523 NS May 31, 2026 N-PORT
RB · ProShares Trust 0.01% 9 NS May 31, 2026 N-PORT
NEAR · iShares U.S. ETF Trust 0.01% 362,000 SH Aug. 21, 2026 Daily
DFAT · Dimensional ETF Trust 0.01% 99,264 NS April 30, 2026 N-PORT
DFAS · Dimensional ETF Trust 0.01% 80,398 NS April 30, 2026 N-PORT
DFSV · Dimensional ETF Trust 0.01% 41,101 NS April 30, 2026 N-PORT
UWM · ProShares Trust 0.01% 1,191 NS May 31, 2026 N-PORT
URTY · ProShares Trust 0.00% 1,205 NS May 31, 2026 N-PORT
FNDB · SCHWAB STRATEGIC TRUST 0.00% 3,288 NS May 31, 2026 N-PORT
MSSM · MORGAN STANLEY PATHWAY FUNDS 0.00% 1,641 NS May 31, 2026 N-PORT
HDG · ProShares Trust 0.00% 30 NS May 31, 2026 N-PORT
GTO · Invesco Actively Managed Exchange-T… 0.00% 47,000 Aug. 21, 2026 Daily
AVUS · AMERICAN CENTURY ETF TRUST 0.00% 6,065 NS May 31, 2026 N-PORT
AVSU · AMERICAN CENTURY ETF TRUST 0.00% 100 NS May 31, 2026 N-PORT
DVYE · iShares, Inc. 0.00% 14,721,471 SH Aug. 19, 2026 Daily
VXF · VANGUARD INDEX FUNDS 0.00% 381,684 SH Aug. 19, 2026 Daily
VTI · VANGUARD INDEX FUNDS 0.00% 1,144,017 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.00% 2,757 SH Aug. 19, 2026 Daily