Magnera (NYSE:MAGN) Shares Unloaded Rep. Thomas H. Kean, Jr.

Representative Thomas H. Kean, Jr. (R-New Jersey) recently sold shares of Magnera Corp (NYSE:MAGN). In a filing disclosed on March 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Magnera stock on February 12th. The trade occurred in the Representative’s “KEAN FAMILY PARTNERSHIP” account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 2/26/2025.
• Sold $15,001 – $50,000 in shares of Stryker (NYSE:SYK) on 2/26/2025.
• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 1/31/2025.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 1/16/2025.
• Purchased $1,001 – $15,000 in shares of Crown (NYSE:CCK) on 1/7/2025.
• Purchased $1,001 – $15,000 in shares of Canadian Pacific Kansas City (NYSE:CP) on 12/27/2024.
• Purchased $1,001 – $15,000 in shares of Pernod Ricard (OTC:PRNDY) on 12/27/2024.
• Sold $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOG) on 12/19/2024.
• Sold $1,001 – $15,000 in shares of Franklin Resources (NYSE:BEN) on 12/16/2024.
• Purchased $1,001 – $15,000 in shares of Prologis (NYSE:PLD) on 12/16/2024.

Magnera Stock Up 3.1 %

MAGN opened at $19.19 on Friday. Magnera Corp has a twelve month low of $15.80 and a twelve month high of $26.78. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.52 and a current ratio of 2.45. The stock’s 50-day moving average is $19.86. The firm has a market cap of $679.33 million, a P/E ratio of -1.05 and a beta of 1.66.

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

Insider Transactions at Magnera

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

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company increased their price objective on shares of Magnera from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, February 7th.

Institutional Trading of Magnera

A number of hedge funds have recently bought and sold shares of the business. Rhumbline Advisers acquired a new stake in shares of Magnera during the 4th quarter worth approximately $55,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Magnera during the 4th quarter worth approximately $101,000. Ballentine Partners LLC acquired a new stake in shares of Magnera during the 4th quarter worth approximately $295,000. State of Alaska Department of Revenue acquired a new stake in shares of Magnera during the 4th quarter worth approximately $48,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Magnera during the 4th quarter worth approximately $427,000. Institutional investors and hedge funds own 76.92% of the company’s stock.

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey’s 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.

Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey’s 7th Congressional District. He declared candidacy for the 2026 election.

Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

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.