Mycio Wealth Partners LLC Cuts Holdings in Versum Materials Inc (NYSE:VSM)

Mycio Wealth Partners LLC lessened its stake in Versum Materials Inc (NYSE:VSM) by 11.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,729 shares of the basic materials company’s stock after selling 6,637 shares during the period. Mycio Wealth Partners LLC’s holdings in Versum Materials were worth $2,617,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Royal London Asset Management Ltd. purchased a new position in Versum Materials in the 1st quarter worth approximately $30,000. Machina Capital S.A.S. raised its holdings in Versum Materials by 97.7% during the 2nd quarter. Machina Capital S.A.S. now owns 593 shares of the basic materials company’s stock valued at $31,000 after buying an additional 293 shares during the last quarter. Reilly Financial Advisors LLC raised its holdings in Versum Materials by 1,300.0% during the 1st quarter. Reilly Financial Advisors LLC now owns 700 shares of the basic materials company’s stock valued at $35,000 after buying an additional 650 shares during the last quarter. Heritage Wealth Advisors raised its holdings in Versum Materials by 20.0% during the 1st quarter. Heritage Wealth Advisors now owns 1,200 shares of the basic materials company’s stock valued at $60,000 after buying an additional 200 shares during the last quarter. Finally, Twin Tree Management LP bought a new stake in Versum Materials during the 1st quarter valued at $122,000. 92.48% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research lowered shares of Versum Materials from a “hold” rating to a “sell” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $46.50.

NYSE VSM traded down $0.02 during trading on Wednesday, hitting $52.01. The company had a trading volume of 518,234 shares, compared to its average volume of 780,322. The company has a current ratio of 4.33, a quick ratio of 3.12 and a debt-to-equity ratio of 4.77. Versum Materials Inc has a one year low of $25.02 and a one year high of $52.58. The company has a market cap of $5.67 billion, a price-to-earnings ratio of 22.13 and a beta of 1.66. The company’s fifty day moving average is $51.85 and its 200-day moving average is $49.56.

Versum Materials (NYSE:VSM) last issued its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.05). The company had revenue of $324.30 million during the quarter, compared to the consensus estimate of $351.13 million. Versum Materials had a return on equity of 99.97% and a net margin of 5.87%. The firm’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.63 earnings per share. As a group, equities analysts anticipate that Versum Materials Inc will post 2.3 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date is Monday, August 12th. Versum Materials’s dividend payout ratio is presently 13.62%.

Versum Materials Profile

Versum Materials, Inc develops, manufactures, transports, and handles specialty materials for the semiconductor and display industries in the United States, Taiwan, South Korea, China, Europe, and rest of Asia. The company operates through two segments, Materials, and Delivery Systems and Services (DS&S).

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Institutional Ownership by Quarter for Versum Materials (NYSE:VSM)

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