Verso Corp (VRS) Holdings Increased by Acadian Asset Management LLC

Acadian Asset Management LLC boosted its stake in shares of Verso Corp (NYSE:VRS) by 8.1% in the fourth quarter, according to its most recent …

Verso logoAcadian Asset Management LLC boosted its stake in shares of Verso Corp (NYSE:VRS) by 8.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,291,529 shares of the basic materials company’s stock after acquiring an additional 97,299 shares during the period. Acadian Asset Management LLC owned about 3.74% of Verso worth $28,930,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Verso by 53.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,106 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 737 shares during the period. Meeder Asset Management Inc. grew its holdings in shares of Verso by 191.8% in the fourth quarter. Meeder Asset Management Inc. now owns 2,197 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 1,444 shares during the period. Paradigm Asset Management Co. LLC purchased a new stake in shares of Verso in the third quarter valued at about $71,000. One Wealth Advisors LLC purchased a new stake in shares of Verso in the third quarter valued at about $132,000. Finally, Federated Investors Inc. PA grew its holdings in shares of Verso by 92.7% in the third quarter. Federated Investors Inc. PA now owns 4,591 shares of the basic materials company’s stock valued at $155,000 after purchasing an additional 2,209 shares during the period. Institutional investors own 92.45% of the company’s stock.

Verso stock traded up $0.10 during mid-day trading on Friday, hitting $19.60. The company had a trading volume of 536,104 shares, compared to its average volume of 319,412. The firm has a market capitalization of $675.89 million, a P/E ratio of 5.31 and a beta of 1.56. Verso Corp has a 1 year low of $15.21 and a 1 year high of $34.60.

Several brokerages have recently issued reports on VRS. TheStreet cut shares of Verso from a “b-” rating to a “c” rating in a research report on Tuesday, January 22nd. Zacks Investment Research cut shares of Verso from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 6th. B. Riley reaffirmed a “buy” rating and issued a $47.00 target price on shares of Verso in a report on Tuesday, February 26th. Finally, ValuEngine raised shares of Verso from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $40.33.

COPYRIGHT VIOLATION NOTICE: “Verso Corp (VRS) Holdings Increased by Acadian Asset Management LLC” was originally reported by Fairfield Current and is owned by of Fairfield Current. If you are viewing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The correct version of this piece of content can be viewed at https://www.fairfieldcurrent.com/news/2019/03/16/verso-corp-vrs-position-lifted-by-acadian-asset-management-llc.html.

Verso 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.

Further Reading: Quiet Period

Institutional Ownership by Quarter for Verso (NYSE:VRS)

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Verso Corp (VRS) Shares Bought by Acadian Asset Management LLC

Acadian Asset Management LLC raised its holdings in shares of Verso Corp (NYSE:VRS) by 8.1% in the 4th quarter, according to its most recent 13F …

Verso logoAcadian Asset Management LLC raised its holdings in shares of Verso Corp (NYSE:VRS) by 8.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,291,529 shares of the basic materials company’s stock after acquiring an additional 97,299 shares during the period. Acadian Asset Management LLC owned approximately 3.74% of Verso worth $28,930,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Verso by 53.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,106 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 737 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Verso by 191.8% in the 4th quarter. Meeder Asset Management Inc. now owns 2,197 shares of the basic materials company’s stock valued at $49,000 after buying an additional 1,444 shares during the period. Paradigm Asset Management Co. LLC acquired a new position in shares of Verso in the 3rd quarter valued at $71,000. One Wealth Advisors LLC acquired a new position in shares of Verso in the 3rd quarter valued at $132,000. Finally, Federated Investors Inc. PA grew its holdings in shares of Verso by 92.7% in the 3rd quarter. Federated Investors Inc. PA now owns 4,591 shares of the basic materials company’s stock valued at $155,000 after buying an additional 2,209 shares during the period. Institutional investors own 87.67% of the company’s stock.

Several brokerages have recently issued reports on VRS. B. Riley reissued a “buy” rating and issued a $47.00 price target on shares of Verso in a report on Tuesday, February 26th. Zacks Investment Research lowered shares of Verso from a “hold” rating to a “strong sell” rating in a report on Wednesday. TheStreet lowered shares of Verso from a “b-” rating to a “c” rating in a report on Tuesday, January 22nd. ValuEngine raised shares of Verso from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, BWS Financial boosted their price target on shares of Verso to $50.00 and gave the company a “buy” rating in a report on Thursday, November 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. Verso currently has a consensus rating of “Hold” and an average target price of $40.33.

NYSE VRS traded up $0.39 on Friday, reaching $19.40. The company had a trading volume of 442,657 shares, compared to its average volume of 316,129. The firm has a market cap of $656.80 million, a PE ratio of 5.26 and a beta of 1.76. The company has a current ratio of 1.96, a quick ratio of 0.82 and a debt-to-equity ratio of 0.13. Verso Corp has a 1-year low of $15.21 and a 1-year high of $34.60.

WARNING: This piece was first published by Fairfield Current and is the property of of Fairfield Current. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be accessed at https://www.fairfieldcurrent.com/news/2019/03/09/verso-corp-vrs-position-lifted-by-acadian-asset-management-llc.html.

Verso 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 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.

ILLEGAL ACTIVITY NOTICE: “Renaissance Technologies LLC Cuts Stake in Verso Corp (VRS)” was first published by Fairfield Current and is owned by of Fairfield Current. If you are accessing this piece on another site, it was illegally copied and republished in violation of international copyright and trademark laws. The correct version of this piece can be read at https://www.fairfieldcurrent.com/news/2019/01/22/renaissance-technologies-llc-reduces-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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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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