(NYSE:UFS) shares saw heavy trading volume with 1,465K shares changing hands on Tuesday. Shares saw a steep increase in trading volume of 95.82% over the normal average daily volume.
Short traders are more bullish on shares of the company lately at least if you consider the change in short interest. The firm realized a fall in short interest from September 29, 2017 to October 13, 2017 of -1.17%. Short shares decreased from 3,885,068 to 3,839,588 over that period. Days to cover decreased -2.0 to 6.0 and the percentage of shorted shares is 0.06% as of October 13.
These firms have modified their investment in UFS. As of the end of the quarter Raymond James Financial Services Advisors, Inc. had sold 2,459 shares trimming its holdings by 17.4%. The value of the investment in (UFS) went from $544,000 to $508,000 a change of 6.6% quarter to quarter. Aperio Group, LLC bolstered its stake by buying 4,036 shares an increase of 10.3%. Aperio Group, LLC now holds 43,411 shares valued at $1,884,000. The total value of its holdings increased 24.5%.
Hudock Capital Group, LLC trimmed its position by selling 700 shares a decrease of 87.5% as of 09/30/2017. Hudock Capital Group, LLC now controls 100 shares worth $4,000. The value of the position overall is down by 86.7%. As of quarter end Simplex Trading, LLC had disposed of a total of 1,103 shares trimming its stake by 14.1%. The value of the investment in Domtar Corporation (NEW) decreased from $300,000 to $291,000 a change of $9,000 quarter over quarter.
On October 5, 2017 the stock rating was changed to “Sell” in a report from Citigroup which was a cut from the previous “Neutral” rating. Stephens & Co. started covering UFS giving it an initial rating of “Equal-Weight”.
The company is up since yesterday’s close of $47.32. Additionally the company recently announced a dividend that was paid on Mon Oct 16, 2017. The dividend was $0.415 per share for the quarter which is $1.66 annualized. This dividend amount represented a yield of $3.76. The ex-dividend date was Friday the 29th of September 2017.
The stock is trading at $47.32 a tad higher than the 50 day moving average which is $43.61 and well above the 200 day moving average of $39.65. The 50 day moving average went up by +8.50% and the 200 day average was up $7.67.
The company currently has a P/E ratio of 18.05 and the market value is 2.96B. As of the latest earnings report the EPS was $2.62 and is estimated to be $2.65 for the current year with 62,654,000 shares now outstanding. Next quarter’s EPS is forecasted at $0.63 and the next full year EPS is anticipated to be $3.03.
Domtar Corporation, launched on August 16, 2006, designs, manufactures, markets and distributes a range of fiber-based products, including communication papers, specialty and packaging papers and absorbent hygiene products. The Business’s segments include Pulp and Paper, and Personal Care. The Pulp and Paper segment consists of the design, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp. The Personal Care segment consists of the design, manufacturing, marketing and distribution of absorbent hygiene products. The Company consumes more than 50% of its pulp production to manufacture paper and other consumer products and the balance is sold as market pulp. The Company is a marketer of uncoated freesheet paper in North America serving a range of customers, including merchants, retail outlets, stationers, printers, publishers, converters and end users. It is also a marketer and producer of a line of incontinence care products, as well as infant diapers. It has a network of wood fiber converting assets that produce paper grade, fluff and specialty pulp..