Quaker Capital Investments Lowers stake in Domtar Corp (USA) (UFS)

Domtar Corp (USA) (UFS) : Quaker Capital Investments reduced its stake in Domtar Corp (USA) by 13.33% during the most recent quarter end. The investment management company now holds a total of 13,000 shares of Domtar Corp (USA) which is valued at $490,100 after selling 2,000 shares in Domtar Corp (USA) , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Domtar Corp (USA) makes up approximately 0.18% of Quaker Capital Investments’s portfolio.

Other Hedge Funds, Including , Liberty Mutual Group Asset Management boosted its stake in UFS in the latest quarter, The investment management firm added 2,274 additional shares and now holds a total of 27,200 shares of Domtar Corp (USA) which is valued at $1,025,440. Domtar Corp (USA) makes up approx 0.04% of Liberty Mutual Group Asset Management’s portfolio. Nine Chapters Capital Management sold out all of its stake in UFS during the most recent quarter. The investment firm sold 9,100 shares of UFS which is valued $355,901. First Midwest Bank Trust Division added UFS to its portfolio by purchasing 9,600 company shares during the most recent quarter which is valued at $379,488. Domtar Corp (USA) makes up approx 0.05% of First Midwest Bank Trust Division’s portfolio.Gemmer Asset Management boosted its stake in UFS in the latest quarter, The investment management firm added 12 additional shares and now holds a total of 99 shares of Domtar Corp (USA) which is valued at $3,452.

Domtar Corp (USA) opened for trading at $37.49 and hit $37.78 on the upside on Monday, eventually ending the session at $37.6, with a gain of 0.53% or 0.2 points. The heightened volatility saw the trading volume jump to 3,33,022 shares. Company has a market cap of $2,353 M.

On the company’s financial health, Domtar Corp (USA) reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.48 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.13. The company had revenue of $1267.00 million for the quarter, compared to analysts expectations of $1260.44 million. The company’s revenue was down -1.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.61 EPS.

Investors should note that on Aug 3, 2016, Domtar Corp (USA) announced a cash dividend of $0.4150. The company’s management has announced Sep 29, 2016 as the ex-dividend date and fixed the record date on Oct 3, 2016. The payable date has been fixed on Oct 17, 2016.

Many Wall Street Analysts have commented on Domtar Corp (USA). Company shares were Reiterated by DA Davidson on Jul 28, 2016 to “Underperform”, Firm has raised the Price Target to $ 32 from a previous price target of $30 .Shares were Downgraded by DA Davidson on Jul 8, 2016 to ” Underperform” and Lowered the Price Target to $ 30 from a previous price target of $42 .

Domtar Corporation designs manufactures markets and distributes a range of fiber-based products including communication papers specialty and packaging papers and absorbent hygiene products. The Company operates in two business segments: Pulp and Paper and Personal Care. The Company’s Pulp and Paper segment is engaged in the design manufacturing marketing and distribution of communication papers specialty and packaging papers as well as softwood fluff and hardwood market pulp. The Company’s Personal Care segment is involved in the manufacturing marketing and distribution of absorbent hygiene products. The Company is an integrated marketer and manufacturer of uncoated freesheet paper in North America for a range of customers including merchants retail outlets stationers printers publishers converters and end-users. It is also a marketer and producer of a broad line of incontinence care products.

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