Qv Investors INC Has Trimmed Stake in Domtar Corp (UFS) by $7.56 Million

September 8, 2018 - By Kristin Houston

Domtar Corporation (NYSE:UFS) LogoInvestors sentiment decreased to 1.07 in Q1 2018. Its down 0.44, from 1.51 in 2017Q4. It dropped, as 29 investors sold UFS shares while 90 reduced holdings. 43 funds opened positions while 84 raised stakes. 56.03 million shares or 1.18% less from 56.70 million shares in 2017Q4 were reported. Cutter And Com Brokerage Inc reported 0.14% of its portfolio in Domtar Corporation (NYSE:UFS). Stone Ridge Asset Lc holds 41,221 shares. Fairpointe Capital Ltd Liability reported 3.14M shares stake. Renaissance Gp Limited Liability Corp invested in 0.02% or 13,145 shares. Blackrock Inc holds 0.02% or 7.61 million shares. Moreover, Old Mutual Customised Solutions (Proprietary) Ltd has 0.01% invested in Domtar Corporation (NYSE:UFS) for 2,800 shares. Jpmorgan Chase And Communications reported 446,711 shares stake. First Citizens Bank And Com holds 6,383 shares. Synovus Fincl accumulated 7,562 shares or 0.01% of the stock. Principal Fincl Grp Inc reported 273,787 shares. Numerixs Investment reported 0.01% in Domtar Corporation (NYSE:UFS). Shelton Mngmt stated it has 4,751 shares or 0.01% of all its holdings. Element Cap Ltd Liability Co stated it has 0.01% in Domtar Corporation (NYSE:UFS). Great West Life Assurance Can holds 0% of its portfolio in Domtar Corporation (NYSE:UFS) for 38,349 shares. Prudential Public Ltd Co, Illinois-based fund reported 90,598 shares.

Since March 16, 2018, it had 0 insider buys, and 5 sales for $4.40 million activity. On Thursday, May 3 JABLONSKI ZYGMUNT sold $1.02 million worth of Domtar Corporation (NYSE:UFS) or 22,621 shares. Buron Daniel had sold 16,853 shares worth $775,069 on Friday, March 16. Williams John David also sold $1.91 million worth of Domtar Corporation (NYSE:UFS) shares.

Qv Investors Inc decreased its stake in Domtar Corp (UFS) by 4.98% based on its latest 2018Q1 regulatory filing with the SEC. Qv Investors Inc sold 139,911 shares as the company’s stock rose 1.14% while stock markets declined. The institutional investor held 2.67M shares of the paper company at the end of 2018Q1, valued at $146.26 million, down from 2.81M at the end of the previous reported quarter. Qv Investors Inc who had been investing in Domtar Corp for a number of months, seems to be less bullish one the $3.28 billion market cap company. The stock increased 0.91% or $0.47 during the last trading session, reaching $52.21. About 605,822 shares traded or 7.20% up from the average. Domtar Corporation (NYSE:UFS) has risen 28.92% since September 8, 2017 and is uptrending. It has outperformed by 16.35% the S&P500.

Analysts await Domtar Corporation (NYSE:UFS) to report earnings on October, 26. They expect $1.17 earnings per share, up 13.59 % or $0.14 from last year’s $1.03 per share. UFS’s profit will be $73.59M for 11.16 P/E if the $1.17 EPS becomes a reality. After $0.65 actual earnings per share reported by Domtar Corporation for the previous quarter, Wall Street now forecasts 80.00 % EPS growth.

Domtar Corporation (NYSE:UFS) Ratings Coverage

Among 5 analysts covering Domtar Corp (NYSE:UFS), 0 have Buy rating, 0 Sell and 5 Hold. Therefore 0 are positive. Domtar Corp had 7 analyst reports since April 2, 2018 according to SRatingsIntel. The firm has “Market Perform” rating given on Monday, August 13 by BMO Capital Markets. Bank of America downgraded the shares of UFS in report on Monday, April 2 to “Hold” rating. DA Davidson upgraded Domtar Corporation (NYSE:UFS) on Wednesday, May 2 to “Neutral” rating. The stock has “Sell” rating by Citigroup on Wednesday, May 2. Citigroup maintained it with “Sell” rating and $44 target in Tuesday, July 10 report. As per Friday, September 7, the company rating was upgraded by Citigroup. The rating was upgraded by KeyBanc Capital Markets on Wednesday, August 1 to “Sector Weight”.

Domtar Corporation (NYSE:UFS) Institutional Positions Chart

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