Ballentine Partners LLC Purchases Shares of 16,254 Magnera Corp (NYSE:MAGN)

Ballentine Partners LLC acquired a new stake in Magnera Corp (NYSE:MAGN) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 16,254 shares of the company’s stock, valued at approximately $295,000.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company started coverage on Magnera in a report on Thursday. They set an “overweight” rating and a $22.00 price target for the company.

Magnera Stock Up 3.9 %

NYSE:MAGN opened at $17.87 on Friday. Magnera Corp has a 52 week low of $15.80 and a 52 week high of $35.23. The company has a debt-to-equity ratio of 4.26, a quick ratio of 1.04 and a current ratio of 2.23. The stock has a market cap of $62.55 million, a P/E ratio of -0.93 and a beta of 1.67.

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.