Domtar Corporation (NEW) (NYSE:UFS) Traded Above Its 50 Day Moving Average


Shares of the company are trading at $42.77 barely above the 50 day moving average of $39.85 and much higher than the 200 day moving average of $38.26. The 50 day moving average was up $2.92 or +7.33% and the 200 day average was up $4.51. (NYSE:UFS) shares saw light trading volume with 506K shares changing hands in the last trading session. Shares saw a steep decrease in trading volume of 30.76% under the normal average daily volume.

Traders are feeling more bearish on Domtar Corporation (NEW) recently as indicated by the motion in short interest. The stock experienced a rise in short interest from August 15, 2017 to August 31, 2017 of 11.80%. Short interest grew 402,340 over that period. With short interest at 3,810,922 and short average daily volume at 698,335, days to cover is 5.0 and the percentage of shorted shares is 0.06% as of August 31.

These firms have modified their investment in UFS. As of quarter end Cantab Capital Partners Llp had bought 12,100 shares growing its holdings by 57.5%. The value of the company’s investment in Domtar Corporation (NEW) went from $769,000 to $1,273,000,000 a change of $1,272,231,000 since the last quarter. As of the end of the quarter Engineers Gate Manager Lp had disposed of a total of 7,901 shares trimming its position 12.6%. The value of the total investment in Domtar Corporation (NEW) decreased from $2,291,000 to $2,107,000 decreasing 8.0% for the reporting period.

As of quarter end Lombardia Capital Partners LLC had disposed of a total of 382,563 shares trimming its stake by 89.6%. The value in dollars went from $16,658,000 to $1,616,000 a change of 90.3% quarter over quarter. AHL Partners LLP downsized its ownership by selling 27,673 shares a decrease of 40.0% in the quarter. AHL Partners LLP now holds 41,593 shares with a value of $1,598,000. The value of the position overall is down by 36.8%.

On July 6, 2017 KeyBanc began coverage by announcing an initial rating of “Underweight”.

The company is so far trading unchanged by % percent from yesterday’s close. Domtar Corporation (NEW) announced a dividend that will be paid on Monday the 16th of October 2017. The dividend payment will be $0.415 per share for the quarter or $1.66 on an annualized basis. This dividend represents a yield of $3.90. The ex-dividend date is set for Thursday the 29th of June 2017.

The most current P/E ratio is 16.31 and market capitalization is 2.68B. In the latest earnings report the EPS was $2.62 and is expected to be $2.47 for the current year with 62,654,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.74 with next year’s EPS anticipated to be $2.82.

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..