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Magnera Corp (NASDAQ:MAGN) Director Michael S. Curless has acquired a significant amount of the company’s common stock, according to a recent SEC filing. On June 4, 2025, Curless purchased 10,000 shares at a weighted average price of $12.2939 per share, amounting to a total transaction value of $122,939. The purchase comes as the stock trades near $12.81, having declined over 35% in the past six months. InvestingPro data shows analyst price targets ranging from $14 to $16, suggesting potential upside from current levels.
These shares are held by The Michael S. Curless Trust, where Curless serves as the trustee, grantor, and beneficiary. Following this transaction, the trust now owns 10,000 shares of Magnera Corp.
This purchase reflects Curless’s continued confidence in the company’s prospects, as he maintains a directorial position within the firm.
In other recent news, Magnera Corp reported lackluster financial results for the second quarter of fiscal year 2025, with both earnings per share (EPS) and revenue falling short of expectations. The company posted an EPS of -1.15, significantly missing the forecasted 0.05, while revenue was reported at $824 million, below the anticipated $878 million. In light of these results, Magnera has revised its fiscal year 2025 Adjusted EBITDA guidance to a range of $360-$380 million. The company also reaffirmed its post-merger adjusted free cash flow guidance, focusing on debt repayment and reducing leverage. Despite these setbacks, Magnera continues to emphasize innovation with recent product launches in the building materials and personal care segments. Additionally, the company has made progress in synergy realization efforts and cost reduction programs. Analysts from firms like Wells Fargo (NYSE:WFC) and Bank of America have scrutinized the company’s recent performance, questioning the impacts of tariffs and energy costs in Europe. Magnera remains committed to operational efficiency and innovation amid these challenges.
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