Verso Co. (VRS) Stake Held by California Public Employees Retirement System

California Public Employees Retirement System continued to hold its position in shares of Verso Co. (NYSE:VRS) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,100 shares of the basic materials company’s stock at the close of the 2nd quarter. California Public Employees Retirement System owned approximately 0.07% of Verso worth $113,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Verso by 4.9% during the second quarter. Vanguard Group Inc. now owns 1,265,919 shares of the basic materials company’s stock worth $5,937,000 after buying an additional 58,642 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Verso by 545.5% in the second quarter. Northern Trust Corp now owns 347,240 shares of the basic materials company’s stock valued at $1,628,000 after purchasing an additional 293,450 shares in the last quarter. Wittenberg Investment Management Inc. acquired a new stake in shares of Verso in the second quarter valued at approximately $1,310,000. TIAA CREF Investment Management LLC acquired a new stake in shares of Verso in the second quarter valued at approximately $415,000. Finally, Teachers Advisors LLC acquired a new stake in shares of Verso in the second quarter valued at approximately $297,000. 53.22% of the stock is owned by institutional investors.

Shares of Verso Co. (NYSE:VRS) traded up $0.28 during trading on Tuesday, hitting $11.97. 726,700 shares of the company were exchanged, compared to its average volume of 273,732. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.15 and a quick ratio of 0.80. Verso Co. has a fifty-two week low of $3.17 and a fifty-two week high of $12.25.

A number of analysts recently weighed in on VRS shares. B. Riley set a $11.00 price target on shares of Verso and gave the company a “buy” rating in a report on Wednesday, November 15th. Zacks Investment Research raised shares of Verso from a “hold” rating to a “buy” rating and set a $7.75 price target for the company in a report on Tuesday, October 24th. ValuEngine raised shares of Verso from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Finally, BWS Financial raised their price target on shares of Verso from $15.00 to $20.00 and gave the company a “strong-buy” rating in a report on Friday, November 17th.

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Verso Profile

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.

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Institutional Ownership by Quarter for Verso (NYSE:VRS)

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