Bailard Inc. Lowers Stake in Domtar Corp (UFS)

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Bailard Inc. cut its position in shares of Domtar Corp (NYSE:UFS) (TSE:UFS) by 21.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,436 shares of the basic materials company’s stock after selling 2,800 shares during the period. Bailard Inc.’s holdings in Domtar were worth $367,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Winslow Evans & Crocker Inc. bought a new stake in shares of Domtar during the fourth quarter valued at approximately $26,000. IFP Advisors Inc increased its position in shares of Domtar by 144.8% during the fourth quarter. IFP Advisors Inc now owns 2,269 shares of the basic materials company’s stock valued at $79,000 after purchasing an additional 1,342 shares during the period. Quantamental Technologies LLC bought a new stake in shares of Domtar during the fourth quarter valued at approximately $101,000. First Hawaiian Bank bought a new stake in shares of Domtar during the third quarter valued at approximately $130,000. Finally, Dupont Capital Management Corp bought a new stake in shares of Domtar during the fourth quarter valued at approximately $137,000. Institutional investors and hedge funds own 90.06% of the company’s stock.

Shares of UFS opened at $51.50 on Thursday. The company has a current ratio of 2.03, a quick ratio of 1.06 and a debt-to-equity ratio of 0.34. Domtar Corp has a 12-month low of $33.81 and a 12-month high of $54.50. The firm has a market cap of $3.25 billion, a PE ratio of 11.17, a PEG ratio of 1.77 and a beta of 1.98.

Domtar (NYSE:UFS) (TSE:UFS) last issued its quarterly earnings results on Tuesday, February 5th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.01. Domtar had a return on equity of 11.59% and a net margin of 5.19%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the firm posted $0.64 earnings per share. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. Research analysts anticipate that Domtar Corp will post 5.63 EPS for the current fiscal year.

A number of analysts have weighed in on UFS shares. Citigroup lowered their price target on Domtar from $52.00 to $38.00 and set a “neutral” rating on the stock in a research report on Monday, January 7th. TheStreet cut Domtar from a “b” rating to a “c+” rating in a research report on Wednesday, October 24th. Zacks Investment Research upgraded Domtar from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. ValuEngine upgraded Domtar from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 10th. Finally, Royal Bank of Canada upped their price target on Domtar from $54.00 to $56.00 and gave the company an “outperform” rating in a research report on Friday, November 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $49.17.

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About Domtar

Domtar Corporation designs, manufactures, markets, and distributes various communication papers, specialty and packaging papers, and absorbent hygiene products in the United States, Canada, Europe, Asia, and internationally. It operates in two segments, Pulp and Paper, and Personal Care. The company offers business papers, including copy and electronic imaging papers for use with inkjet and laser printers, photocopiers, and plain-paper fax machines, as well as computer papers, preprinted forms, and digital papers for office and home use.

Further Reading: Closed-End Mutual Funds (CEFs)

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Institutional Ownership by Quarter for Domtar (NYSE:UFS)

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