Prudential Financial Inc. Acquires 99,815 Shares of Verso Corp (VRS)
Prudential Financial Inc. grew its holdings in shares of Verso Corp (NYSE:VRS) by 229.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 143,285 shares of the basic materials company’s stock after purchasing an additional 99,815 shares during the quarter. Prudential Financial Inc. owned about 0.41% of Verso worth $3,210,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the company. Paradigm Asset Management Co. LLC bought a new position in Verso in the 3rd quarter worth $71,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Verso by 53.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,106 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 737 shares during the period. Meeder Asset Management Inc. raised its holdings in Verso by 191.8% in the 4th quarter. Meeder Asset Management Inc. now owns 2,197 shares of the basic materials company’s stock worth $49,000 after acquiring an additional 1,444 shares during the period. One Wealth Advisors LLC bought a new position in Verso in the 3rd quarter worth $132,000. Finally, Federated Investors Inc. PA raised its holdings in Verso by 92.7% in the 3rd quarter. Federated Investors Inc. PA now owns 4,591 shares of the basic materials company’s stock worth $155,000 after acquiring an additional 2,209 shares during the period. Institutional investors and hedge funds own 92.45% of the company’s stock.
NYSE VRS opened at $19.60 on Friday. The firm has a market capitalization of $672.44 million, a price-to-earnings ratio of 5.31 and a beta of 1.56. Verso Corp has a 52-week low of $15.21 and a 52-week high of $34.60.
Verso Company Profile
Verso Corporation produces and sells coated papers in North America. It operates through two segments, Paper and Pulp. The company offers coated freesheet and coated groundwood, specialty, inkjet and digital, supercalendered, and uncoated freesheet papers; and northern bleached hardwood Kraft pulp to manufacture printing, writing, and specialty paper grades, as well as to manufacture tissue products.
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