Rhumbline Advisers lifted its holdings in shares of Universal Corp (NYSE:UVV) by 7.4% during the third quarter, HoldingsChannel.com reports. The fund owned 64,621 shares of the company’s stock after purchasing an additional 4,456 shares during the quarter. Rhumbline Advisers’ holdings in Universal were worth $3,542,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in shares of Universal during the second quarter worth approximately $25,000. Coastal Investment Advisors Inc. purchased a new position in shares of Universal during the second quarter worth approximately $31,000. Brand Asset Management Group Inc. purchased a new position in shares of Universal during the second quarter worth approximately $34,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Universal during the second quarter worth approximately $37,000. Finally, US Bancorp DE grew its position in shares of Universal by 68.0% during the second quarter. US Bancorp DE now owns 635 shares of the company’s stock worth $39,000 after acquiring an additional 257 shares during the last quarter. Institutional investors and hedge funds own 85.18% of the company’s stock.
Shares of UVV opened at $55.78 on Friday. The company has a current ratio of 5.51, a quick ratio of 2.15 and a debt-to-equity ratio of 0.29. The firm has a market cap of $1.39 billion, a PE ratio of 12.62 and a beta of 0.73. The company’s 50 day simple moving average is $54.34 and its 200-day simple moving average is $55.68. Universal Corp has a 12-month low of $49.07 and a 12-month high of $76.98.
Separately, TheStreet lowered shares of Universal from a “b+” rating to a “c+” rating in a research report on Thursday, August 8th.
Universal Corporation engages in the supply of leaf tobacco products worldwide. The company operates through North America, South America, Africa, Europe, Asia, Dark Air-Cured, Oriental, and Special Services segments. It is involved in procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to manufacturers of consumer tobacco products.
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