SeaCrest Wealth Management LLC purchased a new stake in Potlatch Co. (NASDAQ:PCH) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 8,430 shares of the real estate investment trust’s stock, valued at approximately $421,000.

Other hedge funds have also recently made changes to their positions in the company. D.A. Davidson & CO. increased its position in Potlatch by 19.4% during the 2nd quarter. D.A. Davidson & CO. now owns 2,600 shares of the real estate investment trust’s stock worth $118,000 after purchasing an additional 423 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new stake in Potlatch during the 3rd quarter worth about $142,000. Flinton Capital Management LLC increased its position in Potlatch by 68.8% during the 2nd quarter. Flinton Capital Management LLC now owns 4,420 shares of the real estate investment trust’s stock worth $202,000 after purchasing an additional 1,802 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Potlatch during the 3rd quarter worth about $206,000. Finally, BlueCrest Capital Management Ltd purchased a new stake in Potlatch during the 2nd quarter worth about $231,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

PCH has been the subject of several recent analyst reports. BidaskClub cut Potlatch from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Zacks Investment Research upgraded Potlatch from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Wednesday, December 27th. BMO Capital Markets restated a “hold” rating on shares of Potlatch in a report on Monday, October 23rd. UBS Group upgraded Potlatch from a “market perform” rating to an “outperform” rating in a report on Monday, January 8th. Finally, DA Davidson lifted their price target on Potlatch to $47.00 and gave the company an “underperform” rating in a report on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Potlatch currently has a consensus rating of “Hold” and an average price target of $49.67.

Potlatch Co. (NASDAQ PCH) opened at $50.00 on Thursday. The firm has a market capitalization of $2,063.09, a PE ratio of 20.91, a PEG ratio of 3.42 and a beta of 1.39. Potlatch Co. has a 52 week low of $42.80 and a 52 week high of $56.35. The company has a quick ratio of 1.69, a current ratio of 2.28 and a debt-to-equity ratio of 2.79.

In related news, VP William R. Dereu sold 4,720 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $52.50, for a total transaction of $247,800.00. Following the transaction, the vice president now directly owns 26,142 shares of the company’s stock, valued at approximately $1,372,455. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.52% of the company’s stock.

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Potlatch 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.

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Institutional Ownership by Quarter for Potlatch (NASDAQ:PCH)

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