Renaissance Technologies LLC Cuts Stake in Verso Corp (VRS)

Renaissance Technologies LLC lowered its position in Verso Corp (NYSE:VRS) by 22.2% during the 3rd quarter, according to the company in its most …

Verso logoRenaissance Technologies LLC lowered its position in Verso Corp (NYSE:VRS) by 22.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 265,100 shares of the basic materials company’s stock after selling 75,500 shares during the quarter. Renaissance Technologies LLC owned about 0.77% of Verso worth $8,926,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Sei Investments Co. raised its position in Verso by 131.9% in the second quarter. Sei Investments Co. now owns 25,525 shares of the basic materials company’s stock worth $556,000 after acquiring an additional 14,520 shares in the last quarter. SG Americas Securities LLC purchased a new position in Verso in the second quarter worth $125,000. Schwab Charles Investment Management Inc. raised its position in Verso by 174.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 185,639 shares of the basic materials company’s stock worth $4,040,000 after acquiring an additional 118,048 shares in the last quarter. Swiss National Bank purchased a new position in Verso in the second quarter worth $1,297,000. Finally, BlackRock Inc. raised its position in Verso by 16.6% in the second quarter. BlackRock Inc. now owns 2,383,493 shares of the basic materials company’s stock worth $51,866,000 after acquiring an additional 339,301 shares in the last quarter. Hedge funds and other institutional investors own 85.70% of the company’s stock.

Verso stock traded down $0.03 during trading hours on Monday, hitting $25.20. The stock had a trading volume of 398,372 shares, compared to its average volume of 258,232. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.82 and a current ratio of 1.96. The firm has a market capitalization of $870.74 million, a price-to-earnings ratio of -33.60 and a beta of 1.97. Verso Corp has a 1-year low of $13.84 and a 1-year high of $34.60.

Verso (NYSE:VRS) last posted its earnings results on Wednesday, November 7th. The basic materials company reported $1.63 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by ($0.10). The firm had revenue of $704.00 million during the quarter, compared to analyst estimates of $714.15 million. Verso had a net margin of 4.61% and a return on equity of 17.33%. As a group, sell-side analysts forecast that Verso Corp will post 3.53 EPS for the current fiscal year.

Several research firms have issued reports on VRS. Zacks Investment Research cut Verso from a “strong-buy” rating to a “hold” rating in a research report on Saturday, January 12th. ValuEngine upgraded Verso from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. BWS Financial increased their price objective on Verso to $50.00 and gave the stock a “buy” rating in a research report on Thursday, November 8th. Finally, B. Riley upped their target price on Verso from $45.00 to $47.00 and gave the company a “buy” rating in a report on Thursday, November 8th.

In other news, CFO Allen James Campbell bought 1,000 shares of the stock in a transaction on Tuesday, November 13th. The shares were bought at an average price of $27.00 per share, with a total value of $27,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.45% of the stock is currently owned by corporate insiders.

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Verso Company Profile

Verso Corporation produces and sells coated papers in North America. It operates through two segments, Paper and Pulp. The company offers coated freesheet and coated groundwood, specialty, inkjet and digital, supercalendered, and uncoated freesheet papers; and northern bleached hardwood Kraft pulp to manufacture printing, writing, and specialty paper grades, as well as to manufacture tissue products.

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Institutional Ownership by Quarter for Verso (NYSE:VRS)

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AQR Capital Management LLC Has $34.59 Million Position in Verso Corp (NYSE:VRS)

AQR Capital Management LLC grew its holdings in Verso Corp (NYSE:VRS) by 12.6% during the third quarter, according to its most recent 13F filing …

Verso logoAQR Capital Management LLC grew its holdings in Verso Corp (NYSE:VRS) by 12.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,027,272 shares of the basic materials company’s stock after purchasing an additional 114,995 shares during the quarter. AQR Capital Management LLC owned about 2.97% of Verso worth $34,588,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Sei Investments Co. increased its holdings in Verso by 131.9% in the 2nd quarter. Sei Investments Co. now owns 25,525 shares of the basic materials company’s stock valued at $556,000 after purchasing an additional 14,520 shares during the last quarter. Virginia Retirement Systems ET AL acquired a new stake in Verso in the 3rd quarter valued at approximately $455,000. First Quadrant L P CA acquired a new stake in Verso in the 3rd quarter valued at approximately $440,000. Panagora Asset Management Inc. increased its holdings in Verso by 49.6% in the 3rd quarter. Panagora Asset Management Inc. now owns 353,319 shares of the basic materials company’s stock valued at $11,896,000 after purchasing an additional 117,156 shares during the last quarter. Finally, Macquarie Group Ltd. increased its holdings in Verso by 7.0% in the 2nd quarter. Macquarie Group Ltd. now owns 42,600 shares of the basic materials company’s stock valued at $927,000 after purchasing an additional 2,800 shares during the last quarter. 85.76% of the stock is currently owned by institutional investors and hedge funds.

In other news, CFO Allen James Campbell bought 1,000 shares of the stock in a transaction that occurred on Tuesday, November 13th. The stock was purchased at an average price of $27.00 per share, for a total transaction of $27,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.45% of the company’s stock.

Several analysts recently weighed in on the stock. ValuEngine upgraded shares of Verso from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. BWS Financial boosted their price target on shares of Verso to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 8th. Finally, B. Riley boosted their price target on shares of Verso from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Thursday, November 8th.

Shares of NYSE:VRS traded up $0.22 during trading on Friday, hitting $25.54. The company’s stock had a trading volume of 326,152 shares, compared to its average volume of 329,706. The company has a quick ratio of 0.82, a current ratio of 1.96 and a debt-to-equity ratio of 0.13. The company has a market cap of $858.30 million, a price-to-earnings ratio of -34.05 and a beta of 1.97. Verso Corp has a fifty-two week low of $13.84 and a fifty-two week high of $34.60.

Verso (NYSE:VRS) last issued its earnings results on Wednesday, November 7th. The basic materials company reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.10). The firm had revenue of $704.00 million for the quarter, compared to analyst estimates of $714.15 million. Verso had a return on equity of 17.33% and a net margin of 4.61%. On average, analysts expect that Verso Corp will post 3.53 EPS for the current year.

WARNING: “AQR Capital Management LLC Has $34.59 Million Position in Verso Corp (NYSE:VRS)” was first published by Fairfield Current and is the property of of Fairfield Current. If you are viewing this piece on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright legislation. The original version of this piece can be read at https://www.fairfieldcurrent.com/news/2019/01/12/verso-corp-vrs-shares-bought-by-aqr-capital-management-llc.html.

Verso Company Profile

Verso Corporation produces and sells coated papers in North America. It operates through two segments, Paper and Pulp. The company offers coated freesheet and coated groundwood, specialty, inkjet and digital, supercalendered, and uncoated freesheet papers; and northern bleached hardwood Kraft pulp to manufacture printing, writing, and specialty paper grades, as well as to manufacture tissue products.

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Institutional Ownership by Quarter for Verso (NYSE:VRS)

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Renaissance Technologies LLC Reduces Holdings in Verso Corp (VRS)

Renaissance Technologies LLC decreased its position in shares of Verso Corp (NYSE:VRS) by 22.2% during the 3rd quarter, according to the …

Verso logoRenaissance Technologies LLC decreased its position in shares of Verso Corp (NYSE:VRS) by 22.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 265,100 shares of the basic materials company’s stock after selling 75,500 shares during the quarter. Renaissance Technologies LLC owned approximately 0.77% of Verso worth $8,926,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of VRS. Dimensional Fund Advisors LP grew its holdings in shares of Verso by 23.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,478,048 shares of the basic materials company’s stock worth $83,434,000 after purchasing an additional 469,946 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd purchased a new position in shares of Verso during the third quarter worth about $14,292,000. BlackRock Inc. grew its holdings in shares of Verso by 16.6% during the second quarter. BlackRock Inc. now owns 2,383,493 shares of the basic materials company’s stock worth $51,866,000 after purchasing an additional 339,301 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Verso by 17.6% during the third quarter. JPMorgan Chase & Co. now owns 1,418,410 shares of the basic materials company’s stock worth $47,759,000 after purchasing an additional 211,933 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Verso during the third quarter worth about $6,526,000. 85.76% of the stock is currently owned by institutional investors.

NYSE VRS opened at $23.42 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.82 and a current ratio of 1.96. Verso Corp has a 52-week low of $13.84 and a 52-week high of $34.60. The stock has a market cap of $773.99 million, a P/E ratio of -31.23 and a beta of 1.96.

Verso (NYSE:VRS) last released its quarterly earnings results on Wednesday, November 7th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.73 by ($0.10). Verso had a return on equity of 17.33% and a net margin of 4.61%. The company had revenue of $704.00 million for the quarter, compared to analysts’ expectations of $714.15 million. Analysts predict that Verso Corp will post 3.53 earnings per share for the current fiscal year.

In related news, CFO Allen James Campbell purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, November 13th. The shares were purchased at an average price of $27.00 per share, with a total value of $27,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.45% of the company’s stock.

VRS has been the topic of several research reports. ValuEngine lowered Verso from a “buy” rating to a “hold” rating in a report on Friday, October 12th. B. Riley raised their price target on Verso from $34.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, September 25th. Finally, BWS Financial raised their price target on Verso to $50.00 and gave the stock a “buy” rating in a report on Thursday, November 8th.

TRADEMARK VIOLATION NOTICE: This news story was first published by Fairfield Current and is the property of of Fairfield Current. If you are viewing this news story on another publication, it was illegally stolen and republished in violation of U.S. & international copyright law. The legal version of this news story can be read at https://www.fairfieldcurrent.com/news/2019/01/07/renaissance-technologies-llc-reduces-holdings-in-verso-corp-vrs.html.

About Verso

Verso Corporation produces and sells coated papers in North America. It operates through two segments, Paper and Pulp. The company offers coated freesheet and coated groundwood, specialty, inkjet and digital, supercalendered, and uncoated freesheet papers; and northern bleached hardwood Kraft pulp to manufacture printing, writing, and specialty paper grades, as well as to manufacture tissue products.

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Institutional Ownership by Quarter for Verso (NYSE:VRS)

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Man Group plc Sells 425714 Shares of Verso Corp (NYSE:VRS)

Man Group plc decreased its position in Verso Corp (NYSE:VRS) by 31.2% during the 3rd quarter, according to its most recent filing with the SEC.

Verso logoMan Group plc decreased its position in Verso Corp (NYSE:VRS) by 31.2% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 937,801 shares of the basic materials company’s stock after selling 425,714 shares during the period. Man Group plc owned about 2.71% of Verso worth $31,576,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in shares of Verso by 23.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,478,048 shares of the basic materials company’s stock worth $83,434,000 after acquiring an additional 469,946 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in Verso in the 3rd quarter valued at $14,292,000. BlackRock Inc. grew its holdings in Verso by 16.6% in the 2nd quarter. BlackRock Inc. now owns 2,383,493 shares of the basic materials company’s stock valued at $51,866,000 after buying an additional 339,301 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Verso by 17.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,418,410 shares of the basic materials company’s stock valued at $47,759,000 after buying an additional 211,933 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in Verso in the 3rd quarter valued at $6,526,000. Hedge funds and other institutional investors own 85.76% of the company’s stock.

Verso stock traded up $1.18 during trading hours on Friday, hitting $23.42. The stock had a trading volume of 257,397 shares, compared to its average volume of 259,900. Verso Corp has a one year low of $13.84 and a one year high of $34.60. The company has a current ratio of 1.96, a quick ratio of 0.82 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $773.99 million, a PE ratio of -31.23 and a beta of 1.96.

Verso (NYSE:VRS) last issued its quarterly earnings data on Wednesday, November 7th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.73 by ($0.10). Verso had a return on equity of 17.33% and a net margin of 4.61%. The company had revenue of $704.00 million for the quarter, compared to the consensus estimate of $714.15 million. As a group, analysts predict that Verso Corp will post 3.53 earnings per share for the current fiscal year.

In other Verso news, CFO Allen James Campbell bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 13th. The stock was acquired at an average price of $27.00 per share, with a total value of $27,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.45% of the company’s stock.

Several analysts have recently issued reports on the company. B. Riley increased their target price on Verso from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Thursday, November 8th. ValuEngine downgraded Verso from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. Finally, BWS Financial increased their target price on Verso to $50.00 and gave the company a “buy” rating in a research report on Thursday, November 8th.

TRADEMARK VIOLATION WARNING: This piece of content was posted by Fairfield Current and is the property of of Fairfield Current. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://www.fairfieldcurrent.com/news/2019/01/06/man-group-plc-has-31-58-million-holdings-in-verso-corp-vrs.html.

Verso Company Profile

Verso Corporation produces and sells coated papers in North America. It operates through two segments, Paper and Pulp. The company offers coated freesheet and coated groundwood, specialty, inkjet and digital, supercalendered, and uncoated freesheet papers; and northern bleached hardwood Kraft pulp to manufacture printing, writing, and specialty paper grades, as well as to manufacture tissue products.

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Institutional Ownership by Quarter for Verso (NYSE:VRS)

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Verso Corp (VRS) Given $29.00 Consensus Target Price by Brokerages

Two Sigma Investments LP lifted its stake in Verso by 1,999.4% in the 4th quarter. Two Sigma Investments LP now owns 472,364 shares of the basic …

Verso logoVerso Corp (NYSE:VRS) has earned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.

Brokers have set a twelve-month consensus price target of $29.00 for the company and are expecting that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also given Verso an industry rank of 38 out of 255 based on the ratings given to its competitors.

A number of equities analysts recently weighed in on the company. Zacks Investment Research upgraded Verso from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Saturday, June 30th. ValuEngine upgraded Verso from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Finally, B. Riley set a $26.00 price target on Verso and gave the company a “buy” rating in a research report on Monday, July 9th.

Verso traded up $0.01, hitting $21.22, during trading hours on Friday, MarketBeat reports. 1,440 shares of the stock traded hands, compared to its average volume of 271,360. Verso has a one year low of $3.82 and a one year high of $22.69. The stock has a market capitalization of $730.77 million, a P/E ratio of -27.97 and a beta of 1.38. The company has a quick ratio of 0.74, a current ratio of 1.95 and a debt-to-equity ratio of 0.25.

Verso (NYSE:VRS) last announced its earnings results on Wednesday, May 9th. The basic materials company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.57). Verso had a negative net margin of 0.44% and a negative return on equity of 0.74%. The firm had revenue of $639.00 million for the quarter, compared to the consensus estimate of $628.16 million. sell-side analysts anticipate that Verso will post 0.98 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in VRS. Millennium Management LLC boosted its position in shares of Verso by 138.4% in the 1st quarter. Millennium Management LLC now owns 1,667,880 shares of the basic materials company’s stock valued at $28,087,000 after purchasing an additional 968,278 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Verso by 146.4% in the 1st quarter. JPMorgan Chase & Co. now owns 1,319,427 shares of the basic materials company’s stock valued at $22,218,000 after purchasing an additional 784,039 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Verso by 63.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,552,035 shares of the basic materials company’s stock valued at $26,136,000 after purchasing an additional 601,943 shares during the period. Two Sigma Investments LP lifted its stake in Verso by 1,999.4% in the 4th quarter. Two Sigma Investments LP now owns 472,364 shares of the basic materials company’s stock worth $8,299,000 after acquiring an additional 449,864 shares in the last quarter. Finally, Two Sigma Advisers LP purchased a new stake in Verso in the 4th quarter worth about $7,703,000. Institutional investors and hedge funds own 82.74% of the company’s stock.

About Verso

Verso Corporation produces and sells coated papers in North America. It operates through two segments, Paper and Pulp. The company offers coated freesheet and coated groundwood, specialty, inkjet and digital, supercalendered, and uncoated freesheet papers; and northern bleached hardwood Kraft pulp to manufacture printing, writing, and specialty paper grades, as well as to manufacture tissue products.

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