Swiss National Bank grew its position in shares of Verso Corp (NYSE:VRS) by 2.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 66,000 shares of the basic materials company’s stock after acquiring an additional 1,700 shares during the quarter. Swiss National Bank owned about 0.19% of Verso worth $1,190,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rhumbline Advisers increased its stake in Verso by 1.4% during the fourth quarter. Rhumbline Advisers now owns 56,410 shares of the basic materials company’s stock worth $1,017,000 after acquiring an additional 806 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Verso by 8.5% in the 4th quarter. Victory Capital Management Inc. now owns 191,024 shares of the basic materials company’s stock worth $3,219,000 after purchasing an additional 15,037 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Verso by 15.7% in the 4th quarter. Russell Investments Group Ltd. now owns 99,807 shares of the basic materials company’s stock worth $1,789,000 after purchasing an additional 13,566 shares during the period. Clear Harbor Asset Management LLC increased its position in shares of Verso by 5.9% during the 4th quarter. Clear Harbor Asset Management LLC now owns 39,700 shares of the basic materials company’s stock valued at $716,000 after purchasing an additional 2,200 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Verso during the 4th quarter valued at approximately $115,000. Hedge funds and other institutional investors own 82.74% of the company’s stock.
Separately, B. Riley upgraded Verso from a “neutral” rating to a “buy” rating and increased their price target for the company from $16.00 to $24.00 in a report on Wednesday, November 13th.
Shares of Verso stock traded down $1.13 during trading on Monday, hitting $14.63. The stock had a trading volume of 10,370 shares, compared to its average volume of 278,038. The firm’s fifty day simple moving average is $17.21 and its 200-day simple moving average is $15.32. The stock has a market cap of $550.41 million, a PE ratio of 5.59 and a beta of 1.88. Verso Corp has a 12 month low of $9.61 and a 12 month high of $23.35.
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, 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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