New York State Common Retirement Fund lifted its stake in Verso Corp (NYSE:VRS) by 32.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 49,511 shares of the basic materials company’s stock after purchasing an additional 12,111 shares during the quarter. New York State Common Retirement Fund owned 0.14% of Verso worth $1,109,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Verso by 53.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,106 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 737 shares during the period. Meeder Asset Management Inc. boosted its position in shares of Verso by 191.8% in the 4th quarter. Meeder Asset Management Inc. now owns 2,197 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 1,444 shares during the period. Paradigm Asset Management Co. LLC acquired a new position in shares of Verso in the 3rd quarter valued at $71,000. One Wealth Advisors LLC acquired a new position in shares of Verso in the 3rd quarter valued at $132,000. Finally, Federated Investors Inc. PA boosted its position in shares of Verso by 92.7% in the 3rd quarter. Federated Investors Inc. PA now owns 4,591 shares of the basic materials company’s stock valued at $155,000 after purchasing an additional 2,209 shares during the period. Institutional investors and hedge funds own 92.77% of the company’s stock.

VRS has been the subject of a number of recent analyst reports. ValuEngine upgraded Verso from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Zacks Investment Research lowered Verso from a “strong-buy” rating to a “hold” rating in a research report on Saturday, January 12th. TheStreet lowered Verso from a “b-” rating to a “c” rating in a research report on Tuesday, January 22nd. Finally, B. Riley reiterated a “buy” rating and issued a $47.00 price target on shares of Verso in a research report on Tuesday, February 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $40.33.

Shares of Verso stock opened at $20.91 on Thursday. The stock has a market capitalization of $711.41 million, a P/E ratio of 5.61 and a beta of 1.56. Verso Corp has a 1 year low of $15.52 and a 1 year high of $34.60.

TRADEMARK VIOLATION WARNING: “Verso Corp (VRS) Position Boosted by New York State Common Retirement Fund” was first reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The correct version of this report can be accessed at https://www.watchlistnews.com/verso-corp-vrs-position-boosted-by-new-york-state-common-retirement-fund/2923614.html.

Verso Company Profile

Verso Corporation produces and sells coated papers in North America. It operates through two segments, Paper and Pulp. The company offers coated freesheet and coated groundwood, specialty, packaging, inkjet and digital, supercalendered, and uncoated freesheet papers; and bleached and unbleached market kraft pulp to manufacture printing, writing, and tissue products.

Read More: What is the Ex-Dividend Date in Investing?

Want to see what other hedge funds are holding VRS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verso Corp (NYSE:VRS).

Institutional Ownership by Quarter for Verso (NYSE:VRS)

Receive News & Ratings for Verso Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verso and related companies with MarketBeat.com's FREE daily email newsletter.