Trading was heavy with 1,465K shares changing hands by the end of trading on Tuesday. Overall, volume was up 95.82% over the stocks normal daily volume.
Investors are feeling more bullish on shares of the company lately as implied by the fall in short interest. The firm realized a fall in short interest between September 29, 2017 and October 13, 2017 of -1.17%. Short shares fell 45,480 over that timeframe. The days to cover decreased to 6.0 and the short interest percentage is 0.06% as of October 13.
These funds have shifted positions in (UFS). As of quarter end Raymond James Financial Services Advisors, Inc. had disposed of a total of 2,459 shares trimming its holdings by 17.4%. The value of the investment in (UFS) went from $544,000 to $508,000 decreasing 6.6% since the last quarter. As of the end of the quarter Aperio Group, LLC had bought 4,036 shares growing its position 10.3%. The value of the investment in Domtar Corporation (NEW) increased from $1,513,000 to $1,884,000 a change of $371,000 quarter over quarter.
Hudock Capital Group, LLC downsized its stake by shedding 700 shares a decrease of 87.5% as of 09/30/2017. Hudock Capital Group, LLC owns 100 shares valued at $4,000. The total value of its holdings decreased 86.7%. As of quarter end Simplex Trading, LLC had disposed of a total of 1,103 shares trimming its stake by 14.1%. The value of the company’s investment in Domtar Corporation (NEW) went from $300,000 to $291,000 a change of 3.0% quarter to quarter.
On October 5, 2017 the stock rating was set at “Sell” according to a Citigroup report which was a cut from the previous “Neutral” rating. On October 24 analysts at Stephens & Co. added UFS to its research portfolio setting a rating of “Equal-Weight”.
The company is trading up by 2.91% since yesterday’s close of $47.32. The company recently declared a dividend that was paid on Monday the 16th of October 2017. The dividend payment was $0.415 per share for the quarter which comes to $1.66 on an annualized basis. The dividend yield was $3.76. The ex-dividend date was Friday the 29th of September 2017.
The stock last traded at $47.32 which is just over the 50 day moving average which is $43.61 and which is impressively higher than the 200 day moving average of $39.65. The 50 day moving average was up $3.71 or +8.50% and the 200 day average was up $7.67.
Domtar Corporation (NEW)’s P/E ratio is 18.05 and market cap is 2.96B. In the latest earnings report the EPS was $2.62 and is estimated to be $2.65 for the current year with 62,654,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $0.63 and the next full year EPS is anticipated to be $3.03.
Domtar Corporation, launched on August 16, 2006, designs, manufactures, markets and distributes a range of fiber-based products, including communication papers, specialty and packaging papers and absorbent hygiene products. The Business’s segments include Pulp and Paper, and Personal Care. The Pulp and Paper segment consists of the design, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp. The Personal Care segment consists of the design, manufacturing, marketing and distribution of absorbent hygiene products. The Company consumes more than 50% of its pulp production to manufacture paper and other consumer products and the balance is sold as market pulp. The Company is a marketer of uncoated freesheet paper in North America serving a range of customers, including merchants, retail outlets, stationers, printers, publishers, converters and end users. It is also a marketer and producer of a line of incontinence care products, as well as infant diapers. It has a network of wood fiber converting assets that produce paper grade, fluff and specialty pulp..