Russell Investments Group Ltd. Has $18.35 Million Position in Potlatch Corporation (PCH)

Russell Investments Group Ltd. reduced its position in shares of Potlatch Corporation (NASDAQ:PCH) by 8.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 401,578 shares of the real estate investment trust’s stock after selling 37,387 shares during the period. Russell Investments Group Ltd. owned approximately 0.99% of Potlatch Corporation worth $18,352,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. State Treasurer State of Michigan raised its stake in Potlatch Corporation by 1.8% in the second quarter. State Treasurer State of Michigan now owns 16,741 shares of the real estate investment trust’s stock worth $765,000 after buying an additional 300 shares in the last quarter. Sit Investment Associates Inc. raised its stake in Potlatch Corporation by 51.2% in the second quarter. Sit Investment Associates Inc. now owns 6,500 shares of the real estate investment trust’s stock worth $297,000 after buying an additional 2,200 shares in the last quarter. Aperio Group LLC raised its stake in Potlatch Corporation by 4.1% in the second quarter. Aperio Group LLC now owns 15,094 shares of the real estate investment trust’s stock worth $690,000 after buying an additional 597 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Potlatch Corporation by 3.9% in the second quarter. Louisiana State Employees Retirement System now owns 10,600 shares of the real estate investment trust’s stock worth $484,000 after buying an additional 400 shares in the last quarter. Finally, LS Investment Advisors LLC raised its stake in Potlatch Corporation by 18.2% in the second quarter. LS Investment Advisors LLC now owns 3,140 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 483 shares in the last quarter. 82.27% of the stock is currently owned by institutional investors.

Shares of Potlatch Corporation (NASDAQ PCH) remained flat at $48.50 on Tuesday. The company’s stock had a trading volume of 78,357 shares. The firm has a 50 day moving average price of $46.91 and a 200 day moving average price of $45.13. The company has a market capitalization of $1.97 billion, a PE ratio of 24.00 and a beta of 1.41. Potlatch Corporation has a 52 week low of $35.38 and a 52 week high of $49.00.

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Several research analysts recently issued reports on PCH shares. Royal Bank Of Canada reissued a “hold” rating and set a $47.00 target price on shares of Potlatch Corporation in a research note on Monday, July 31st. Zacks Investment Research raised shares of Potlatch Corporation from a “sell” rating to a “hold” rating and set a $56.00 target price on the stock in a research note on Friday, July 28th. BidaskClub raised shares of Potlatch Corporation from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. BMO Capital Markets reissued a “hold” rating and set a $40.00 target price on shares of Potlatch Corporation in a research note on Thursday, July 20th. Finally, Raymond James Financial, Inc. lowered shares of Potlatch Corporation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 27th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. Potlatch Corporation presently has an average rating of “Hold” and a consensus price target of $45.80.

Potlatch Corporation Company Profile

Potlatch Corporation is a real estate investment trust (REIT), which is primarily engaged in activities associated with timberland management, including the sale of timber, management of timberlands, and purchase and sale of timberlands. The Company is also engaged in the manufacture and sale of wood products.

Institutional Ownership by Quarter for Potlatch Corporation (NASDAQ:PCH)

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