Potlatch Co. (PCH) Position Boosted by New Amsterdam Partners LLC NY
New Amsterdam Partners LLC NY boosted its position in shares of Potlatch Co. (NASDAQ:PCH) by 47.5% in the 4th quarter, HoldingsChannel reports. The fund owned 195,941 shares of the real estate investment trust’s stock after purchasing an additional 63,076 shares during the period. Potlatch makes up 2.0% of New Amsterdam Partners LLC NY’s holdings, making the stock its 17th largest holding. New Amsterdam Partners LLC NY’s holdings in Potlatch were worth $9,777,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. D.A. Davidson & CO. grew its stake in Potlatch by 19.4% in the 2nd quarter. D.A. Davidson & CO. now owns 2,600 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 423 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new position in Potlatch in the 3rd quarter worth approximately $142,000. Flinton Capital Management LLC grew its stake in Potlatch by 68.8% in the 2nd quarter. Flinton Capital Management LLC now owns 4,420 shares of the real estate investment trust’s stock worth $202,000 after buying an additional 1,802 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Potlatch in the 3rd quarter worth approximately $206,000. Finally, BlueCrest Capital Management Ltd purchased a new position in Potlatch in the 2nd quarter worth approximately $231,000. 84.47% of the stock is owned by institutional investors.
In other news, VP William R. Dereu sold 4,720 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $52.50, for a total value of $247,800.00. Following the completion of the sale, the vice president now owns 26,142 shares of the company’s stock, valued at approximately $1,372,455. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.52% of the stock is currently owned by corporate insiders.
PCH has been the subject of a number of research reports. DA Davidson boosted their price target on shares of Potlatch to $47.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 24th. BidaskClub raised shares of Potlatch from a “sell” rating to a “hold” rating in a research note on Saturday, January 13th. Zacks Investment Research cut shares of Potlatch from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Bank of America upped their price objective on shares of Potlatch from $50.00 to $54.00 and gave the company an “underperform” rating in a research note on Wednesday, October 25th. Finally, Raymond James Financial raised shares of Potlatch from a “market perform” rating to an “outperform” rating and set a $54.00 price objective for the company in a research note on Monday, January 8th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $49.67.
COPYRIGHT VIOLATION WARNING: This piece was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another website, it was stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this piece can be accessed at https://www.watchlistnews.com/potlatch-co-pch-position-boosted-by-new-amsterdam-partners-llc-ny/1845960.html.
Potlatch Company Profile
Potlatch Corporation is a real estate investment trust (REIT), which is primarily engaged in activities associated with timberland management, including the sale of timber, management of timberlands, and purchase and sale of timberlands. The Company is also engaged in the manufacture and sale of wood products.
Want to see what other hedge funds are holding PCH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Potlatch Co. (NASDAQ:PCH).
Receive News & Ratings for Potlatch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Potlatch and related companies with MarketBeat.com's FREE daily email newsletter.