Penn Capital Management Co. Inc. bought a new position in shares of Versum Materials Inc. (NYSE:VSM) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 187,606 shares of the basic materials company’s stock, valued at approximately $6,106,000. Penn Capital Management Co. Inc. owned 0.17% of Versum Materials as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. World Asset Management Inc acquired a new position in Versum Materials in the first quarter valued at approximately $227,000. BlackRock Inc. lifted its holdings in Versum Materials by 3,827.3% in the first quarter. BlackRock Inc. now owns 8,073,327 shares of the basic materials company’s stock valued at $247,043,000 after acquiring an additional 7,867,760 shares during the period. Lazard Asset Management LLC lifted its holdings in Versum Materials by 14.6% in the first quarter. Lazard Asset Management LLC now owns 1,405,359 shares of the basic materials company’s stock valued at $43,003,000 after acquiring an additional 179,436 shares during the period. FMR LLC lifted its holdings in Versum Materials by 27.7% in the first quarter. FMR LLC now owns 224,634 shares of the basic materials company’s stock valued at $6,874,000 after acquiring an additional 48,724 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Versum Materials by 4.2% in the second quarter. Bank of New York Mellon Corp now owns 1,239,196 shares of the basic materials company’s stock valued at $40,272,000 after acquiring an additional 50,211 shares during the period. 89.59% of the stock is owned by hedge funds and other institutional investors.

Versum Materials Inc. (NYSE:VSM) traded down 1.08% during mid-day trading on Thursday, hitting $37.43. The stock had a trading volume of 35,841 shares. The firm has a market cap of $4.07 billion and a P/E ratio of 21.15. Versum Materials Inc. has a 12-month low of $21.86 and a 12-month high of $38.38. The stock has a 50-day moving average price of $37.83 and a 200 day moving average price of $37.83.

Versum Materials (NYSE:VSM) last posted its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.44 by $0.08. The business had revenue of $290.80 million during the quarter, compared to analysts’ expectations of $265.64 million. Versum Materials had a negative return on equity of 261.88% and a net margin of 17.91%. The company’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same period last year, the firm earned $0.45 EPS. Equities analysts anticipate that Versum Materials Inc. will post $1.91 EPS for the current fiscal year.

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A number of research analysts have issued reports on the company. Stifel Nicolaus assumed coverage on Versum Materials in a report on Wednesday. They issued a “hold” rating and a $42.00 price target for the company. ValuEngine raised Versum Materials from a “hold” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research raised Versum Materials from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Wednesday, August 2nd. Jefferies Group LLC reissued a “hold” rating and issued a $38.00 price target (up from $34.00) on shares of Versum Materials in a report on Wednesday, August 2nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $41.00 price target on shares of Versum Materials in a report on Tuesday, September 5th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $35.27.

In other Versum Materials news, Director Jacques M. Croisetiere purchased 2,750 shares of Versum Materials stock in a transaction dated Thursday, August 3rd. The stock was acquired at an average cost of $36.00 per share, with a total value of $99,000.00. Following the acquisition, the director now directly owns 8,376 shares of the company’s stock, valued at $301,536. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.49% of the stock is owned by company insiders.

Versum Materials Profile

Versum Materials, Inc is a provider of solutions to the semiconductor and display industries. The Company is engaged in the development, manufacturing, transportation and handling of specialty materials. Its segments include Materials; Delivery Systems and Services (DS&S), and Corporate. The Materials segment is an integrated provider of specialty materials for the electronics industry, focusing on the integrated circuit and flat-panel display markets.

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Institutional Ownership by Quarter for Versum Materials (NYSE:VSM)

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