Dimensional Fund Advisors LP bought a new stake in Verso Corporation (NYSE:VRS) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 95,983 shares of the basic materials company’s stock, valued at approximately $576,000. Dimensional Fund Advisors LP owned about 0.28% of Verso Corporation as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Verso Corporation by 8.0% in the first quarter. Vanguard Group Inc. now owns 1,207,277 shares of the basic materials company’s stock valued at $7,244,000 after acquiring an additional 89,588 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Verso Corporation in the first quarter valued at about $320,000. Russell Investments Group Ltd. increased its position in shares of Verso Corporation by 36.9% in the first quarter. Russell Investments Group Ltd. now owns 272,197 shares of the basic materials company’s stock valued at $1,632,000 after acquiring an additional 73,378 shares during the last quarter. Dialectic Capital Management LP increased its position in shares of Verso Corporation by 37.8% in the first quarter. Dialectic Capital Management LP now owns 434,000 shares of the basic materials company’s stock valued at $2,604,000 after acquiring an additional 119,000 shares during the last quarter. Finally, Oxford Asset Management acquired a new stake in shares of Verso Corporation in the first quarter valued at about $185,000. 54.13% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts recently commented on the company. B. Riley reiterated a “buy” rating and set a $11.25 price target on shares of Verso Corporation in a report on Sunday, August 13th. Zacks Investment Research cut Verso Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. Finally, ValuEngine upgraded Verso Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st.
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Verso Corporation (VRS) opened at 4.96 on Friday. The company has a market cap of $170.90 million, a PE ratio of 2.78 and a beta of 1.36. The company’s 50-day moving average price is $5.10 and its 200-day moving average price is $5.10. Verso Corporation has a 12-month low of $4.37 and a 12-month high of $8.43.
Verso Corporation (NYSE:VRS) last released its quarterly earnings data on Wednesday, August 9th. The basic materials company reported ($1.42) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.03) by ($0.39). Verso Corporation had a net margin of 47.46% and a return on equity of 168.52%. The business had revenue of $585.00 million for the quarter, compared to the consensus estimate of $579.52 million. Equities analysts anticipate that Verso Corporation will post ($1.37) earnings per share for the current year.
Verso Corporation Company Profile
Verso Corporation is a producer of coated papers, which are used in magazines, catalogs, advertising brochures and annual reports, among other media and marketing publications. The Company operates through two segments: paper and pulp. The Paper segment includes paper products, which are used in media and marketing applications, including catalogs, magazines, and commercial printing applications, such as advertising brochures, annual reports and direct-mail advertising.
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