Dimensional Fund Advisors LP Grows Holdings in Verso Co. (NYSE:VRS)

Dimensional Fund Advisors LP increased its stake in shares of Verso Co. (NYSE:VRS) by 88.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 415,309 shares of the basic materials company’s stock after purchasing an additional 194,634 shares during the period. Dimensional Fund Advisors LP owned approximately 1.21% of Verso worth $2,114,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Voya Investment Management LLC purchased a new stake in Verso during the second quarter valued at approximately $104,000. Wells Fargo & Company MN purchased a new stake in Verso during the third quarter valued at approximately $130,000. Rhumbline Advisers purchased a new stake in Verso during the second quarter valued at approximately $166,000. Schwab Charles Investment Management Inc. purchased a new stake in Verso during the second quarter valued at approximately $275,000. Finally, California State Teachers Retirement System purchased a new stake in Verso during the second quarter valued at approximately $280,000. 57.34% of the stock is owned by hedge funds and other institutional investors.

In related news, major shareholder Mudrick Capital Management, L. sold 50,000 shares of the company’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $16.43, for a total transaction of $821,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders have sold 1,286,595 shares of company stock valued at $21,508,948. 4.20% of the stock is owned by company insiders.

Shares of Verso Co. (VRS) traded down $0.21 during trading hours on Thursday, hitting $16.18. 146,125 shares of the company were exchanged, compared to its average volume of 481,197. The company has a current ratio of 2.15, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. Verso Co. has a 12-month low of $3.17 and a 12-month high of $18.12. The company has a market capitalization of $532.67, a price-to-earnings ratio of -9.65 and a beta of 2.02.

Verso (NYSE:VRS) last issued its earnings results on Tuesday, November 14th. The basic materials company reported $0.24 earnings per share 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%. The company had revenue of $621.00 million for the quarter, compared to the consensus estimate of $632.65 million. equities research analysts anticipate that Verso Co. will post -1.17 EPS for the current year.

A number of analysts have recently issued reports on VRS shares. B. Riley set a $11.00 price objective on shares of Verso and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Zacks Investment Research raised shares of Verso from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a research note on Tuesday, October 24th. BWS Financial set a $20.00 price objective on shares of Verso and gave the stock a “buy” rating in a research note on Thursday, January 18th. Finally, ValuEngine upgraded shares of Verso from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st.

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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.

Institutional Ownership by Quarter for Verso (NYSE:VRS)

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