Robeco Institutional Asset Management B.V. Acquires 57,008 Shares of Verso Corp (NYSE:VRS)

Robeco Institutional Asset Management B.V. boosted its holdings in shares of Verso Corp (NYSE:VRS) by 11.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 558,020 shares of the basic materials company’s stock after buying an additional 57,008 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 1.62% of Verso worth $10,631,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in shares of Verso by 13.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,810,761 shares of the basic materials company’s stock worth $62,961,000 after purchasing an additional 332,713 shares during the period. Bank of America Corp DE lifted its holdings in shares of Verso by 873.8% in the fourth quarter. Bank of America Corp DE now owns 246,559 shares of the basic materials company’s stock worth $5,522,000 after buying an additional 221,241 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Verso by 66.3% in the fourth quarter. Millennium Management LLC now owns 486,696 shares of the basic materials company’s stock worth $10,902,000 after buying an additional 193,948 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Verso by 13.8% during the first quarter. JPMorgan Chase & Co. now owns 1,101,088 shares of the basic materials company’s stock valued at $23,584,000 after purchasing an additional 133,370 shares in the last quarter. Finally, Donald Smith & CO. Inc. raised its stake in Verso by 136.1% during the first quarter. Donald Smith & CO. Inc. now owns 225,851 shares of the basic materials company’s stock valued at $4,838,000 after purchasing an additional 130,200 shares in the last quarter. Institutional investors own 92.68% of the company’s stock.

Shares of NYSE VRS traded down $0.26 during mid-day trading on Monday, reaching $14.15. The company had a trading volume of 4,001 shares, compared to its average volume of 210,177. The stock’s 50-day moving average price is $17.94. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.69 and a current ratio of 2.21. The firm has a market cap of $496.86 million, a PE ratio of 3.83 and a beta of 1.75. Verso Corp has a 52 week low of $14.22 and a 52 week high of $34.60.

Verso (NYSE:VRS) last posted its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $1.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.68. The firm had revenue of $639.00 million for the quarter, compared to analysts’ expectations of $632.26 million. Verso had a net margin of 7.79% and a return on equity of 19.09%. As a group, sell-side analysts predict that Verso Corp will post 2.85 earnings per share for the current year.

A number of research firms recently issued reports on VRS. B. Riley downgraded shares of Verso from a “buy” rating to a “neutral” rating and decreased their price target for the company from $32.00 to $26.00 in a research note on Friday, April 12th. Zacks Investment Research downgraded shares of Verso from a “buy” rating to a “hold” rating in a research note on Saturday, July 27th. Finally, ValuEngine downgraded shares of Verso from a “hold” rating to a “sell” rating in a research note on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $32.00.

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, packaging, inkjet and digital, supercalendered, and uncoated freesheet papers; and bleached and unbleached market kraft pulp to manufacture printing, writing, and tissue products.

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Institutional Ownership by Quarter for Verso (NYSE:VRS)

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