CNH Partners LLC Has $30.34 Million Holdings in Versum Materials Inc. (VSM)
CNH Partners LLC boosted its position in shares of Versum Materials Inc. (NYSE:VSM) by 0.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 933,595 shares of the basic materials company’s stock after acquiring an additional 7,464 shares during the quarter. CNH Partners LLC owned 0.86% of Versum Materials worth $30,342,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of VSM. Pinnacle Financial Partners Inc. bought a new stake in Versum Materials during the second quarter worth $111,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Versum Materials by 12.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,983 shares of the basic materials company’s stock worth $129,000 after acquiring an additional 428 shares in the last quarter. MV Capital Management Inc. raised its position in Versum Materials by 20.5% during the second quarter. MV Capital Management Inc. now owns 4,379 shares of the basic materials company’s stock worth $142,000 after acquiring an additional 746 shares in the last quarter. Creative Planning raised its position in Versum Materials by 17.0% during the second quarter. Creative Planning now owns 4,587 shares of the basic materials company’s stock worth $149,000 after acquiring an additional 666 shares in the last quarter. Finally, Riverhead Capital Management LLC raised its position in Versum Materials by 66.5% during the second quarter. Riverhead Capital Management LLC now owns 5,826 shares of the basic materials company’s stock worth $189,000 after acquiring an additional 2,326 shares in the last quarter. 89.59% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Versum Materials Inc. (NYSE:VSM) traded up 1.02% during trading on Friday, hitting $38.62. 820,807 shares of the stock traded hands. The stock has a market cap of $4.20 billion and a price-to-earnings ratio of 21.82. The stock has a 50 day moving average price of $38.14 and a 200-day moving average price of $38.14. Versum Materials Inc. has a 1-year low of $22.17 and a 1-year high of $39.71.
Versum Materials (NYSE:VSM) last issued its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.08. The company had revenue of $290.80 million for the quarter, compared to the consensus estimate of $265.64 million. Versum Materials had a net margin of 17.91% and a negative return on equity of 261.88%. The firm’s quarterly revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.45 EPS. Equities analysts forecast that Versum Materials Inc. will post $1.91 EPS for the current year.
In related news, Director Jacques M. Croisetiere purchased 2,750 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were bought at an average cost of $36.00 per share, with a total value of $99,000.00. Following the acquisition, the director now owns 8,376 shares of the company’s stock, valued at $301,536. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.49% of the stock is currently owned by insiders.
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VSM has been the topic of several analyst reports. Credit Suisse Group set a $40.00 price target on shares of Versum Materials and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research raised shares of Versum Materials from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Wednesday, August 2nd. Needham & Company LLC initiated coverage on shares of Versum Materials in a research report on Monday, July 10th. They set a “buy” rating and a $38.00 price target on the stock. Aegis raised shares of Versum Materials from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Friday, June 23rd. Finally, ValuEngine raised shares of Versum Materials from a “hold” rating to a “buy” rating in a research report on Wednesday, September 20th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Versum Materials has a consensus rating of “Buy” and an average price target of $38.20.
Versum Materials Company Profile
Versum Materials, Inc is a provider of solutions to the semiconductor and display industries. The Company is engaged in the development, manufacturing, transportation and handling of specialty materials. Its segments include Materials; Delivery Systems and Services (DS&S), and Corporate. The Materials segment is an integrated provider of specialty materials for the electronics industry, focusing on the integrated circuit and flat-panel display markets.
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