Other equities research analysts have also issued reports about the company. Zacks Investment Research lowered Verso from a strong-buy rating to a hold rating in a research note on Thursday, January 25th. BWS Financial set a $20.00 price objective on Verso and gave the company a buy rating in a research note on Thursday, January 18th. Finally, ValuEngine upgraded Verso from a sell rating to a hold rating in a research note on Sunday, December 31st.
Shares of Verso (NYSE VRS) opened at $17.25 on Friday. Verso has a 12 month low of $3.17 and a 12 month high of $19.32. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.63 and a current ratio of 2.15.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VRS. Voya Investment Management LLC bought a new stake in Verso during the 2nd quarter worth approximately $104,000. Wells Fargo & Company MN bought a new stake in Verso during the 3rd quarter worth approximately $130,000. Metropolitan Life Insurance Co. NY bought a new stake in Verso during the 4th quarter worth approximately $171,000. Rhumbline Advisers grew its position in Verso by 33.2% during the 3rd quarter. Rhumbline Advisers now owns 47,259 shares of the basic materials company’s stock worth $241,000 after acquiring an additional 11,790 shares during the last quarter. Finally, Stone Ridge Asset Management LLC bought a new stake in Verso during the 4th quarter worth approximately $242,000. Institutional investors and hedge funds own 82.22% of the company’s stock.
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.
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