KCG Holdings Inc. purchased a new position in shares of Verso Corporation (NYSE:VRS) during the first quarter, Holdings Channel reports. The firm purchased 28,360 shares of the basic materials company’s stock, valued at approximately $170,000.

A number of other institutional investors have also recently modified their holdings of VRS. Vanguard Group Inc. raised its position in shares of 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 worth $7,244,000 after buying an additional 89,588 shares during the last quarter. Dialectic Capital Management LP raised its position in shares of Verso Corporation by 37.8% in the first quarter. Dialectic Capital Management LP now owns 434,000 shares of the basic materials company’s stock worth $2,604,000 after buying an additional 119,000 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Verso Corporation by 36.9% in the first quarter. Russell Investments Group Ltd. now owns 272,197 shares of the basic materials company’s stock worth $1,632,000 after buying an additional 73,378 shares during the last quarter. Geode Capital Management LLC raised its position in shares of 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 worth $1,125,000 after buying an additional 19,430 shares during the last quarter. Finally, Phoenix Investment Adviser LLC raised its position in shares of Verso Corporation by 13.3% in the first quarter. Phoenix Investment Adviser LLC now owns 127,905 shares of the basic materials company’s stock worth $767,000 after buying an additional 15,000 shares during the last quarter. 57.94% of the stock is owned by hedge funds and other institutional investors.

Shares of Verso Corporation (NYSE:VRS) traded down 0.83% during trading on Monday, reaching $4.76. The company’s stock had a trading volume of 4,745 shares. The company’s 50-day moving average is $4.52 and its 200-day moving average is $5.74. Verso Corporation has a 12 month low of $3.17 and a 12 month high of $11.40. The company has a market capitalization of $163.70 million and a P/E ratio of 3.09.

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

ILLEGAL ACTIVITY NOTICE: This piece of content was first published by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.dailypolitical.com/2017/08/07/kcg-holdings-inc-purchases-new-position-in-verso-corporation-nysevrs.html.

A number of equities analysts have issued reports on VRS shares. B. Riley reaffirmed a “buy” rating and set a $11.25 price target on shares of Verso Corporation in a research note on Wednesday, May 3rd. ValuEngine lowered Verso Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, May 18th. Finally, Zacks Investment Research raised Verso Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th.

About Verso Corporation

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.

Want to see what other hedge funds are holding VRS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verso Corporation (NYSE:VRS).

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

Receive News & Ratings for Verso Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verso Corporation and related companies with MarketBeat.com's FREE daily email newsletter.