Citadel Advisors LLC Acquires 172,605 Shares of Verso Corp (VRS)
Citadel Advisors LLC lifted its holdings in shares of Verso Corp (NYSE:VRS) by 358.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 220,749 shares of the basic materials company’s stock after purchasing an additional 172,605 shares during the period. Citadel Advisors LLC owned 0.64% of Verso worth $7,432,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of VRS. Sei Investments Co. lifted its holdings in Verso by 131.9% in the second quarter. Sei Investments Co. now owns 25,525 shares of the basic materials company’s stock valued at $556,000 after buying an additional 14,520 shares during the period. First Quadrant L P CA acquired a new position in Verso in the third quarter valued at $440,000. Macquarie Group Ltd. lifted its holdings in Verso by 7.0% in the second quarter. Macquarie Group Ltd. now owns 42,600 shares of the basic materials company’s stock valued at $927,000 after buying an additional 2,800 shares during the period. Capital Fund Management S.A. acquired a new position in Verso in the second quarter valued at $244,000. Finally, Swiss National Bank acquired a new position in Verso in the second quarter valued at $1,297,000. Institutional investors own 86.43% of the company’s stock.
In related news, CFO Allen James Campbell acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, November 13th. The shares were purchased at an average price of $27.00 per share, for a total transaction of $27,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.45% of the stock is currently owned by corporate insiders.
VRS stock opened at $24.72 on Friday. The firm has a market capitalization of $866.24 million, a P/E ratio of -32.96 and a beta of 2.12. The company has a current ratio of 1.96, a quick ratio of 0.82 and a debt-to-equity ratio of 0.13. Verso Corp has a 12-month low of $10.91 and a 12-month high of $34.60.
Verso (NYSE:VRS) last released its earnings results on Wednesday, November 7th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.10). Verso had a net margin of 4.61% and a return on equity of 17.33%. The firm had revenue of $704.00 million during the quarter, compared to analyst estimates of $714.15 million. Equities analysts anticipate that Verso Corp will post 3.53 earnings per share for the current fiscal year.
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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, inkjet and digital, supercalendered, and uncoated freesheet papers; and northern bleached hardwood Kraft pulp to manufacture printing, writing, and specialty paper grades, as well as to manufacture tissue products.
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