Blenheim Capital Management BV Takes Position in Domtar Corporation (UFS)
Blenheim Capital Management BV bought a new position in Domtar Corporation (NYSE:UFS) (TSE:UFS) during the fourth quarter, according to its most recent disclosure with the SEC. The fund bought 28,459 shares of the company’s stock, valued at approximately $1,111,000. Domtar Corporation accounts for about 1.9% of Blenheim Capital Management BV’s investment portfolio, making the stock its 6th largest position.
Several other institutional investors also recently made changes to their positions in UFS. Hussman Strategic Advisors Inc. bought a new position in shares of Domtar Corporation during the second quarter worth approximately $123,000. LS Investment Advisors LLC boosted its position in shares of Domtar Corporation by 5.7% in the third quarter. LS Investment Advisors LLC now owns 4,000 shares of the company’s stock worth $149,000 after buying an additional 215 shares during the period. IndexIQ Advisors LLC boosted its position in shares of Domtar Corporation by 62.0% in the third quarter. IndexIQ Advisors LLC now owns 4,065 shares of the company’s stock worth $151,000 after buying an additional 1,556 shares during the period. Kernodle & Katon Asset Management Group LLC bought a new position in shares of Domtar Corporation during the third quarter worth approximately $168,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Domtar Corporation during the fourth quarter worth approximately $202,000. Hedge funds and other institutional investors own 82.05% of the company’s stock.
Shares of Domtar Corporation (NYSE:UFS) traded down 0.37% during midday trading on Thursday, hitting $40.29. The company had a trading volume of 430,158 shares. Domtar Corporation has a 12 month low of $32.73 and a 12 month high of $44.58. The company has a market capitalization of $2.52 billion, a PE ratio of 19.75 and a beta of 1.59. The company has a 50-day moving average of $41.00 and a 200-day moving average of $38.58.
Domtar Corporation (NYSE:UFS) last released its quarterly earnings results on Thursday, February 9th. The company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by $0.20. The business earned $1.27 billion during the quarter, compared to analyst estimates of $1.31 billion. Domtar Corporation had a return on equity of 6.54% and a net margin of 2.51%. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.11 EPS. Analysts predict that Domtar Corporation will post $2.90 earnings per share for the current year.
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A number of brokerages have recently commented on UFS. Zacks Investment Research cut Domtar Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, February 7th. Bank of America Corporation upgraded Domtar Corporation from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $44.00 to $48.00 in a report on Friday, January 27th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $41.17.
Domtar Corporation Company Profile
Domtar Corporation designs, manufactures, markets and distributes a range of fiber-based products, including communication papers, specialty and packaging papers and absorbent hygiene products. The Company operates through two business segments: Pulp and Paper, and Personal Care. Its Pulp and Paper segment is engaged in the designing, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp.
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