471,350 Shares in Verso Co. (VRS) Acquired by Skylands Capital LLC

Skylands Capital LLC purchased a new position in Verso Co. (NYSE:VRS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 471,350 shares of the basic materials company’s stock, valued at approximately $8,282,000. Verso accounts for approximately 1.1% of Skylands Capital LLC’s investment portfolio, making the stock its 27th largest holding. Skylands Capital LLC owned about 1.37% of Verso at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in VRS. Bank of New York Mellon Corp lifted its position in Verso by 211.0% during the second quarter. Bank of New York Mellon Corp now owns 165,487 shares of the basic materials company’s stock valued at $777,000 after acquiring an additional 112,269 shares during the last quarter. B. Riley Financial Inc. purchased a new stake in Verso during the second quarter valued at approximately $1,853,000. Aegis Financial Corp lifted its position in Verso by 9.9% during the second quarter. Aegis Financial Corp now owns 723,389 shares of the basic materials company’s stock valued at $3,393,000 after acquiring an additional 65,432 shares during the last quarter. Northern Trust Corp lifted its position in Verso by 545.5% during the second quarter. Northern Trust Corp now owns 347,240 shares of the basic materials company’s stock valued at $1,628,000 after acquiring an additional 293,450 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. purchased a new stake in Verso during the second quarter valued at approximately $275,000. 53.22% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently commented on VRS. ValuEngine raised shares of Verso from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. B. Riley increased their target price on shares of Verso from $11.25 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, December 20th. Zacks Investment Research cut shares of Verso from a “buy” rating to a “hold” rating in a research report on Thursday, November 23rd. Finally, BWS Financial increased their target price on shares of Verso from $15.00 to $20.00 and gave the company a “strong-buy” rating in a research report on Friday, November 17th.

In other Verso news, major shareholder Mudrick Capital Management, L. sold 50,000 shares of the firm’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $16.43, for a total value of $821,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders sold 1,286,595 shares of company stock valued at $21,508,948. Corporate insiders own 4.20% of the company’s stock.

Verso Co. (NYSE:VRS) traded up $0.50 during trading hours on Tuesday, reaching $16.94. 387,500 shares of the company were exchanged, compared to its average volume of 812,200. Verso Co. has a 12 month low of $3.17 and a 12 month high of $17.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.15 and a quick ratio of 0.80. The stock has a market capitalization of $583.67, a PE ratio of -10.08 and a beta of 4.87.

Verso (NYSE:VRS) last posted its quarterly earnings results on Tuesday, November 14th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.15). Verso had a negative return on equity of 6.58% and a negative net margin of 2.35%. equities analysts anticipate that Verso Co. will post -1.15 earnings per share for the current fiscal year.

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Verso 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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Institutional Ownership by Quarter for Verso (NYSE:VRS)

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