Is Potlatchdeltic Corporation (NASDAQ:PCH) a Buy? The Stock Reported more Sellers

August 9, 2018 - By Matthew Richard

PotlatchDeltic Corporation (NASDAQ:PCH) Logo

Investors sentiment increased to 2.65 in 2018 Q1. Its up 1.11, from 1.54 in 2017Q4. It improved, as 21 investors sold PotlatchDeltic Corporation shares while 39 reduced holdings. 50 funds opened positions while 109 raised stakes. 50.91 million shares or 43.59% more from 35.45 million shares in 2017Q4 were reported.
Voya Investment Mgmt Limited Liability Company has 0.02% invested in PotlatchDeltic Corporation (NASDAQ:PCH). Stratos Wealth Prtnrs accumulated 6,160 shares. Arizona State Retirement Sys holds 0.02% or 40,629 shares in its portfolio. Kennedy Mngmt, Missouri-based fund reported 263,396 shares. Us Bancshares De invested in 20,445 shares or 0% of the stock. Washington Comml Bank has invested 0.46% in PotlatchDeltic Corporation (NASDAQ:PCH). New York-based Millennium Limited has invested 0.09% in PotlatchDeltic Corporation (NASDAQ:PCH). Parametric Assoc Ltd Liability Company owns 122,370 shares. Perkins Coie Trust Co owns 605 shares for 0.02% of their portfolio. Bridgeway Capital Mgmt Incorporated has invested 0% in PotlatchDeltic Corporation (NASDAQ:PCH). Barclays Public Limited Liability reported 0% stake. Bank & Trust Of New York Mellon holds 0.01% or 963,870 shares. Legal General Group Inc Public Ltd Company invested in 60,001 shares. Pnc Fincl Services Inc has 189,899 shares. C M Bidwell And Associate holds 3,230 shares.

The stock of Potlatchdeltic Corporation (NASDAQ:PCH) registered an increase of 4.15% in short interest. PCH’s total short interest was 1.67 million shares in August as published by FINRA. Its up 4.15% from 1.60M shares, reported previously. With 435,300 shares average volume, it will take short sellers 4 days to cover their PCH’s short positions. The short interest to Potlatchdeltic Corporation’s float is 4.17%.

The stock decreased 0.11% or $0.05 during the last trading session, reaching $45.85. About 49,894 shares traded. PotlatchDeltic Corporation (NASDAQ:PCH) has risen 11.10% since August 9, 2017 and is uptrending. It has underperformed by 1.47% the S&P500.

Potlatch Corporation operates as a real estate investment trust that owns and manages timberlands located in Arkansas, Idaho, Minnesota and Wisconsin in the United States. The company has market cap of $2.88 billion. The Resource Management Division manages its timberlands, harvests timber, procures other wood fiber, sells logs and leases land for hunting and other recreational activity. It has a 21.3 P/E ratio. The Real Estate Division develops and sells land parcels, as well as invests in timberlands.

PotlatchDeltic Corporation (NASDAQ:PCH) Ratings Coverage

Among 4 analysts covering Potlatch Corp (NASDAQ:PCH), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Potlatch Corp had 4 analyst reports since February 12, 2018 according to SRatingsIntel. RBC Capital Markets upgraded the stock to “Outperform” rating in Monday, May 7 report. The firm has “Hold” rating given on Monday, February 12 by BMO Capital Markets. As per Monday, May 7, the company rating was upgraded by DA Davidson. The stock of PotlatchDeltic Corporation (NASDAQ:PCH) has “Hold” rating given on Monday, May 7 by Vertical Research.

More recent PotlatchDeltic Corporation (NASDAQ:PCH) news were published by: Globenewswire.com which released: “Research Report Identifies Modine Manufacturing, Oxford Industries, Bottomline Technologies, NETGEAR, Potlatch …” on August 06, 2018. Also Seekingalpha.com published the news titled: “PotlatchDeltic Corporation (PCH) CEO Michael Covey on Q2 2018 Results – Earnings Call Transcript” on July 31, 2018. Seekingalpha.com‘s news article titled: “PotlatchDeltic Corp. 2018 Q2 – Results – Earnings Call Slides” with publication date: July 31, 2018 was also an interesting one.

PotlatchDeltic Corporation (NASDAQ:PCH) Institutional Positions Chart

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