Seth Klarman’s Baupost Group LlcMa Disclosed New Veritiv Corp Position

February 14, 2018 - By Ivan Hodges

 Seth Klarman's Baupost Group LlcMa Disclosed New Veritiv Corp Position

Investors sentiment increased to 1.17 in Q3 2017. Its up 0.07, from 1.1 in 2017Q2. It increased, as 25 investors sold Veritiv Corporation shares while 35 reduced holdings. 27 funds opened positions while 43 raised stakes. 13.79 million shares or 4.80% less from 14.48 million shares in 2017Q2 were reported.

Public Sector Pension Board reported 0% in Veritiv Corporation (NYSE:VRTV). Credit Suisse Ag stated it has 16,678 shares or 0% of all its holdings. 47,300 were reported by Nordea Inv Mngmt Ab. Nationwide Fund Advsrs stated it has 42,103 shares or 0.01% of all its holdings. 137,553 were reported by Northern Trust. Tower Research Limited Liability (Trc) invested in 6,416 shares or 0.02% of the stock. Weber Alan W holds 0.29% or 19,000 shares. Shell Asset Management invested in 0% or 307 shares. Schwab Charles Inv Mngmt Incorporated accumulated 0% or 116,571 shares. Metropolitan Life reported 0% stake. Goldman Sachs Group Inc Inc owns 34,224 shares or 0% of their US portfolio. New York State Common Retirement Fund accumulated 12,300 shares. Huntington Natl Bank accumulated 73 shares. Hirtle Callaghan Com holds 115 shares. Comerica Financial Bank reported 0% in Veritiv Corporation (NYSE:VRTV).

The New Seth Klarman’s Baupost Group LlcMa Holding in Veritiv Corp

Baupost Group LlcMa reported SC 13G/A form with the SEC for Veritiv Corp. Access it here: 000114036118007173. As reported by Seth Klarman’s Baupost Group LlcMa, the filler owns 23.19% or 3,641,485 shares of the -company.

Veritiv Corp stake is new for [reportingPerson]. Date of activity: Calendar Year 2017. This shows Seth Klarman’s Baupost Group LlcMa’s positive view for Veritiv Corp. For a hedge fund managing $29.88 billion in assets and having 202+ experts this is interesting position.

The hedge fund is investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Seth Klarman’s Baupost Group LlcMa’s portfolio is in the sector.

Veritiv Corp Institutional Sentiment

Filings show 165 investors own Veritiv Corp. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 250098. 15328053 were owned by these investors. 16 funds opened new Veritiv Corp stakes, 46 increased positions. There were 26 that closed positions and 46 reduced them.

Weber Alan W is an investor bullish on Veritiv Corp, owning 19000 shares as of Q3 2015 for 0.64% of its portfolio. Marc Majzner Clearline Capital Lp owns 204566 shares or 1.28% of its portfolio. MA Baupost Group Llc have 1.73% of its portfolio for 2795693 shares. Further, Kestrel Investment Management Corp reported stake worth 2.35% of its portfolio. The MA Bain Capital Investors Llc owns 7840000 shares. Veritiv Corp is 4.16% of its portfolio.

Business Profile

Veritiv Corporation is a business-to-business distributor of print, publishing, packaging and facility solutions. The Company also provides logistics and supply chain management solutions to its customers. The Company’s segments are Print, Publishing & Print Management (Publishing), Packaging, Facility Solutions, and Corporate & Other. The Print segment sells and distributes commercial printing, writing, copying, digital, wide format and specialty paper products, graphics consumables and graphics equipment. The Publishing segment sells and distributes coated and uncoated commercial printing papers. The Packaging segment provides standard, as well as custom and packaging solutions. The Facility Solutions segment sources and sells cleaning, break-room and other supplies such as towels, tissues, wipers and dispensers, can liners, commercial cleaning chemicals, soaps and sanitizers, sanitary maintenance supplies and equipment, safety and hazard supplies, and shampoos and amenities.

SEC Form 13G.

Seth Klarman’s Baupost Group LlcMa website.

Analysts await Veritiv Corporation (NYSE:VRTV) to report earnings on March, 13. They expect $0.78 EPS, up 200.00 % or $0.52 from last year’s $0.26 per share. VRTV’s profit will be $12.25 million for 7.31 P/E if the $0.78 EPS becomes a reality. After $1.13 actual EPS reported by Veritiv Corporation for the previous quarter, Wall Street now forecasts -30.97 % negative EPS growth.

The stock increased 0.66% or $0.15 during the last trading session, reaching $22.8. About 82,791 shares traded. Veritiv Corporation (NYSE:VRTV) has risen 28.48% since February 14, 2017 and is uptrending. It has outperformed by 11.78% the S&P500.

Veritiv Corporation operates as a business-to-business distributor of print, publishing, packaging, and facility solutions in the United States, Mexico, and Canada. The company has market cap of $357.97 million. It operates through four divisions: Print, Publishing & Print Management , Packaging, and Facility Solutions. It currently has negative earnings. The Print segment sells and distributes commercial printing, writing, copying, digital, wide format, and specialty paper products; and graphics consumables and equipment.

Veritiv Corporation (NYSE:VRTV) Ratings Coverage

Among 6 analysts covering Veritiv Corp (NYSE:VRTV), 1 have Buy rating, 1 Sell and 4 Hold. Therefore 17% are positive. Veritiv Corp has $45 highest and $20 lowest target. $26’s average target is 14.04% above currents $22.8 stock price. Veritiv Corp had 15 analyst reports since November 18, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Bank of America given on Wednesday, November 8. The rating was maintained by Barclays Capital with “Underweight” on Friday, November 10. The stock has “Buy” rating by Bank of America on Tuesday, November 21. The stock of Veritiv Corporation (NYSE:VRTV) earned “Market Perform” rating by William Blair on Thursday, August 3. The firm has “Underweight” rating given on Friday, January 8 by Barclays Capital. The company was maintained on Monday, August 7 by Barclays Capital. The firm has “Buy” rating by Bank of America given on Wednesday, January 11. The firm has “Hold” rating given on Wednesday, January 31 by SunTrust. The stock has “Market Perform” rating by Wells Fargo on Wednesday, November 8. The firm has “Market Perform” rating by Wells Fargo given on Wednesday, March 15.

More notable recent Veritiv Corporation (NYSE:VRTV) news were published by: Cincinnati.com which released: “Veritiv moving 400 jobs to Fairfield” on January 25, 2016, also Bizjournals.com with their article: “Veritiv Corp. acquires All American Containers and more News in Brief for the …” published on September 29, 2017, Bizjournals.com published: “Georgia’s largest woman-run company makes first acquisition since going public” on September 05, 2017. More interesting news about Veritiv Corporation (NYSE:VRTV) were released by: Finance.Yahoo.com and their article: “Is Veritiv Corporation (VRTV) a Great Stock for Value Investors?” published on October 16, 2017 as well as Marketwatch.com‘s news article titled: “Veritiv Corp.” with publication date: November 16, 2016.

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