Potlatch Corp Old (NASDAQ:PCH): Institutional Investors Are Worried

July 17, 2017 - By Peter Erickson

 Potlatch Corp Old (NASDAQ:PCH): Institutional Investors Are Worried

Sentiment for Potlatch Corp Old (NASDAQ:PCH)

Potlatch Corp Old (NASDAQ:PCH) institutional sentiment decreased to 0.86 in Q4 2016. Its down -0.25, from 1.11 in 2016Q3. The ratio worsened, as 79 hedge funds increased or started new stock positions, while 92 sold and reduced their stakes in Potlatch Corp Old. The hedge funds in our partner’s database reported: 31.69 million shares, down from 32.57 million shares in 2016Q3. Also, the number of hedge funds holding Potlatch Corp Old in their top 10 stock positions was flat from 3 to 3 for the same number . Sold All: 17 Reduced: 75 Increased: 57 New Position: 22.

Potlatch Corporation is a real estate investment trust , 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 has market cap of $1.88 billion. The Firm is also engaged in the manufacture and sale of wood products. It has a 69.14 P/E ratio. It operates through three divisions: Resource, Wood Products and Real Estate.

About 191,782 shares traded. Potlatch Corporation (NASDAQ:PCH) has risen 31.76% since July 17, 2016 and is uptrending. It has outperformed by 15.06% the S&P500.

Analysts await Potlatch Corporation (NASDAQ:PCH) to report earnings on July, 25. They expect $0.32 EPS, up 146.15 % or $0.19 from last year’s $0.13 per share. PCH’s profit will be $13.05 million for 36.02 P/E if the $0.32 EPS becomes a reality. After $0.41 actual EPS reported by Potlatch Corporation for the previous quarter, Wall Street now forecasts -21.95 % negative EPS growth.

Fiduciary Counselling Inc holds 13.79% of its portfolio in Potlatch Corporation for 85,319 shares. Stevens First Principles Investment Advisors owns 123,768 shares or 3.57% of their US portfolio. Moreover, Cwh Capital Management Inc. has 3.33% invested in the company for 131,319 shares. The Massachusetts-based Capital Growth Management Lp has invested 2.03% in the stock. Kestrel Investment Management Corp, a California-based fund reported 124,275 shares.#img1#

Potlatch Corporation (NASDAQ:PCH) Ratings Coverage

Ratings analysis reveals 0 of Potlatch’s analysts are positive. Out of 8 Wall Street analysts rating Potlatch, 0 give it “Buy”, 2 “Sell” rating, while 6 recommend “Hold”. The lowest target is $37 while the high is $47. The stock’s average target of $42.67 is -7.34% below today’s ($46.05) share price. PCH was included in 13 notes of analysts from September 7, 2015. On Wednesday, November 16 the stock rating was downgraded by Vertical Research to “Hold”. The company was upgraded on Monday, September 7 by Zacks. On Tuesday, November 22 the stock rating was downgraded by Bank of America to “Underperform”. The firm earned “Neutral” rating on Wednesday, July 27 by DA Davidson. The company was upgraded on Monday, October 3 by Bank of America. Buckingham Research downgraded the shares of PCH in report on Monday, October 17 to “Neutral” rating. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, April 19. On Tuesday, June 27 the stock rating was downgraded by Raymond James to “Hold”. The rating was maintained by RBC Capital Markets on Friday, June 17 with “Outperform”. DA Davidson downgraded it to “Underperform” rating and $44 target in Tuesday, April 11 report.

More recent Potlatch Corporation (NASDAQ:PCH) news were published by: Globenewswire.com which released: “Potlatch Schedules Second Quarter 2017 Earnings Release and Conference Call …” on July 06, 2017. Also Seekingalpha.com published the news titled: “Potlatch Corporation’s (PCH) CEO Michael Covey on Q1 2017 Results – Earnings …” on April 30, 2017. Seekingalpha.com‘s news article titled: “Potlatch Corporation’s (PCH) CEO Michael Covey on Q4 2016 Results – Earnings …” with publication date: January 31, 2017 was also an interesting one.

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