November 21, 2016 - By Marie Mckinney · 0 Comments
The stock of Veritiv Corporation (NYSE:VRTV) registered a decrease of 1.42% in short interest. VRTV’s total short interest was 798,100 shares in November as published by FINRA. Its down 1.42% from 809,600 shares, reported previously. With 51,100 shares average volume, it will take short sellers 16 days to cover their VRTV’s short positions. The short interest to Veritiv Corporation’s float is 15.76%. About 100 shares traded hands. Veritiv Corp (NYSE:VRTV) has risen 12.66% since April 19, 2016 and is uptrending. It has outperformed by 8.80% the S&P500.
Veritiv Corporation is a business-to-business distributor of print, publishing, packaging, facility and logistics solutions. The company has a market cap of $628.07 million. Veritiv operates through four divisions: Print, Publishing, Packaging and Facility Solutions. It has a 26.98 P/E ratio. The Print segment sells and distributes commercial printing, writing, copying, digital, wide format and specialty paper products, graphics consumables and graphics equipment.
Insitutional Activity: The institutional sentiment increased to 1.45 in Q2 2016. Its up 0.49, from 0.96 in 2016Q1. The ratio improved, as 13 funds sold all Veritiv Corp shares owned while 42 reduced positions. 16 funds bought stakes while 37 increased positions. They now own 15.53 million shares or 1.59% less from 15.78 million shares in 2016Q1.
Manufacturers Life Ins The owns 6,222 shares or 0% of their US portfolio. Hutchin Hill Cap Ltd Partnership has 0.01% invested in the company for 7,300 shares. The Massachusetts-based Monarch Partners Asset Mgmt Ltd Liability Com has invested 0.02% in Veritiv Corp (NYSE:VRTV). Wfg L P owns 16 shares or 0% of their US portfolio. Barclays Public Ltd Liability Co holds 3,186 shares or 0% of its portfolio. The New York-based Goldman Sachs Group Inc has invested 0% in Veritiv Corp (NYSE:VRTV). Menta Lc accumulated 19,860 shares or 0.1% of the stock. Commercial Bank Of Montreal Can, a Ontario – Canada-based fund reported 806 shares. The California-based Blackrock Institutional Na has invested 0% in Veritiv Corp (NYSE:VRTV). Royal Bancorporation Of Canada has 0% invested in the company for 1,831 shares. Ladenburg Thalmann Financial last reported 96 shares in the company. The Michigan-based Comerica Bancorp has invested 0% in Veritiv Corp (NYSE:VRTV). Amer Century Companies holds 20,279 shares or 0% of its portfolio. Cranbrook Wealth Lc has 0% invested in the company for 3 shares. California State Teachers Retirement System accumulated 17,275 shares or 0% of the stock.
Out of 2 analysts covering Veritiv Corp (NYSE:VRTV), 0 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 0 are positive. Veritiv Corp has been the topic of 3 analyst reports since November 18, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Vertical Research given on Tuesday, November 8. Barclays Capital downgraded the stock to “Underweight” rating in Friday, January 8 report.
Veritiv Corporation (Veritiv), incorporated on July 10, 2013, is a business-to-business distributor of print, publishing, packaging, facility and logistics solutions. The Firm operates from approximately 180 distribution centers primarily across the United States, Canada and Mexico, serving clients across a range of industries. The Firm operates through four divisions: Print, Publishing, Packaging and Facility Solutions. The Firm provides services to printers, publishers, commercial printing, data centers, manufacturers, higher education institutions, healthcare facilities, sporting and performance arenas, retail stores, government agencies, property managers and building service contractors. The Veritiv Logistics Solutions business provides transportation and warehousing solutions.
Another recent and important Veritiv Corp (NYSE:VRTV) news was published by Rttnews.com which published an article titled: “Veritiv Corp. (VRTV) Dropped To A 3-Month Low After Secondary Offering” on November 21, 2016.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Marie Mckinney