Verso Corporation (VRS) Position Maintained by Rotation Capital Management LP

Rotation Capital Management LP held its stake in Verso Corporation (NYSE:VRS) during the first quarter, according to its most recent filing with the SEC. The fund owned 100,000 shares of the basic materials company’s stock at the end of the first quarter. Verso Corporation makes up approximately 0.6% of Rotation Capital Management LP’s portfolio, making the stock its 21st largest position. Rotation Capital Management LP owned 0.29% of Verso Corporation worth $600,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP purchased a new stake in Verso Corporation during the first quarter valued at $576,000. Geode Capital Management LLC boosted its stake in Verso Corporation by 11.6% in the first quarter. Geode Capital Management LLC now owns 187,526 shares of the basic materials company’s stock valued at $1,125,000 after buying an additional 19,430 shares during the period. Vanguard Group Inc. boosted its stake in Verso Corporation by 8.0% in the first quarter. Vanguard Group Inc. now owns 1,207,277 shares of the basic materials company’s stock valued at $7,244,000 after buying an additional 89,588 shares during the period. Segantii Capital Management Ltd boosted its stake in Verso Corporation by 565.2% in the first quarter. Segantii Capital Management Ltd now owns 45,900 shares of the basic materials company’s stock valued at $275,000 after buying an additional 39,000 shares during the period. Finally, California Public Employees Retirement System purchased a new stake in Verso Corporation during the first quarter valued at $145,000. Institutional investors own 58.64% of the company’s stock.

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

Verso Corporation (NYSE:VRS) traded up 5.53% during trading on Tuesday, hitting $4.01. The company had a trading volume of 2,206,464 shares. The stock has a market capitalization of $137.90 million and a price-to-earnings ratio of 2.61. Verso Corporation has a 1-year low of $3.17 and a 1-year high of $13.60. The company’s 50 day moving average price is $4.34 and its 200-day moving average price is $6.17.

Verso Corporation (NYSE:VRS) last released its earnings results on Thursday, May 18th. The basic materials company reported ($0.61) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.61). The company had revenue of $616 million during the quarter, compared to analysts’ expectations of $615.50 million. Verso Corporation had a return on equity of 581.15% and a net margin of 47.25%. On average, analysts expect that Verso Corporation will post ($0.71) EPS for the current year.

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Several research firms have recently weighed in on VRS. Zacks Investment Research upgraded Verso Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, March 14th. B. Riley initiated coverage on Verso Corporation in a research note on Thursday, April 27th. They issued a “buy” rating and a $11.25 price objective on the stock. Finally, ValuEngine lowered Verso Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, May 18th.

Verso Corporation 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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