Meadow Creek Investment Management LLC raised its holdings in shares of Domtar Corp (NYSE:UFS) (TSE:UFS) by 50.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,632 shares of the basic materials company’s stock after buying an additional 33,880 shares during the period. Meadow Creek Investment Management LLC owned about 0.16% of Domtar worth $4,481,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Prudential Financial Inc. grew its position in Domtar by 29.8% during the 2nd quarter. Prudential Financial Inc. now owns 959,129 shares of the basic materials company’s stock worth $42,710,000 after acquiring an additional 219,940 shares during the last quarter. ARP Americas LP grew its holdings in shares of Domtar by 76.8% in the second quarter. ARP Americas LP now owns 32,700 shares of the basic materials company’s stock worth $1,456,000 after purchasing an additional 14,200 shares during the last quarter. WINTON GROUP Ltd grew its holdings in shares of Domtar by 91.0% in the second quarter. WINTON GROUP Ltd now owns 29,487 shares of the basic materials company’s stock worth $1,313,000 after purchasing an additional 14,045 shares during the last quarter. GSA Capital Partners LLP grew its holdings in shares of Domtar by 51.9% in the second quarter. GSA Capital Partners LLP now owns 20,182 shares of the basic materials company’s stock worth $899,000 after purchasing an additional 6,899 shares during the last quarter. Finally, Advisor Group Inc. increased its stake in shares of Domtar by 8.0% in the second quarter. Advisor Group Inc. now owns 11,605 shares of the basic materials company’s stock worth $517,000 after buying an additional 861 shares during the period. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Shares of UFS traded down $0.06 during trading hours on Wednesday, reaching $35.41. 21,052 shares of the company traded hands, compared to its average volume of 668,367. The company’s fifty day moving average price is $35.58 and its two-hundred day moving average price is $43.63. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 7.71 and a beta of 1.97. The company has a quick ratio of 1.09, a current ratio of 2.20 and a debt-to-equity ratio of 0.34. Domtar Corp has a 12 month low of $31.72 and a 12 month high of $54.50.

Domtar (NYSE:UFS) (TSE:UFS) last released its quarterly earnings results on Thursday, August 1st. The basic materials company reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.30). Domtar had a return on equity of 12.48% and a net margin of 5.21%. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the company earned $0.65 earnings per share. Domtar’s quarterly revenue was down 2.7% on a year-over-year basis. On average, analysts expect that Domtar Corp will post 3.65 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be given a dividend of $0.455 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.82 annualized dividend and a yield of 5.14%. Domtar’s payout ratio is 39.48%.

UFS has been the subject of a number of recent analyst reports. ValuEngine lowered shares of Domtar from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Vertical Research cut shares of Domtar from a “buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. Stephens set a $53.00 price objective on shares of Domtar and gave the company a “buy” rating in a research note on Friday, June 28th. TheStreet lowered shares of Domtar from a “b” rating to a “c+” rating in a report on Thursday, August 1st. Finally, Vertical Group cut Domtar from a “buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $49.93.

Domtar Company Profile

Domtar Corporation designs, manufactures, markets, and distributes various communication papers, specialty and packaging papers, and absorbent hygiene products in the United States, Canada, Europe, Asia, and internationally. It operates in two segments, Pulp and Paper, and Personal Care. The company offers business papers, including copy and electronic imaging papers for use with inkjet and laser printers, photocopiers, and plain-paper fax machines, as well as computer papers, preprinted forms, and digital papers for office and home use.

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Institutional Ownership by Quarter for Domtar (NYSE:UFS)

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