Potlatch Corporation (PCH) : Merriman Wealth Management added new position in Potlatch Corporation during the most recent quarter end. The investment management firm now holds 127,248 shares of Potlatch Corporation which is valued at $4,477,857 , the company said in a statement filed on Jul 8, 2016 with the SEC.Potlatch Corporation makes up approximately 1.25% of Merriman Wealth Management’s portfolio.
Other Hedge Funds, Including , Washington Trust Bank reduced its stake in PCH by selling 715 shares or 0.71% in the most recent quarter. The Hedge Fund company now holds 99,739 shares of PCH which is valued at $3,509,815. Potlatch Corporation makes up approx 0.90% of Washington Trust Bank’s portfolio. Bnp Paribas Arbitrage Sa added PCH to its portfolio by purchasing 18,128 company shares during the most recent quarter which is valued at $637,924.
Potlatch Corporation (PCH) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $37.25 and reached the intraday high at $37.4. The bulls started the profit booking and pushed the shares to intraday low of $36.77. The trading session was marked by a volume range of 1,91,938 shares exchanging hands. The 52-week high of the shares is $37.4 and the 52-week low is $24.0101. The market cap of the company stands at $1,508 M and there are 4,06,88,158 shares in public circulation.
On the company’s financial health, Potlatch Corporation reported $0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jan 26, 2016. Analyst had a consensus of $0.05. The company had revenue of $138.00 million for the quarter, compared to analysts expectations of $146.10 million. The company’s revenue was down -5.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.45 EPS.
Many Wall Street Analysts have commented on Potlatch Corporation. Company shares were Reiterated by RBC Capital Mkts on Jun 17, 2016 to “Outperform”, Firm has raised the Price Target to $ 45 from a previous price target of $42 .Company shares were Reiterated by RBC Capital Mkts on Apr 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 42 from a previous price target of $38 .
Potlatch Corporation is a real estate investment trust (REIT). The Company owns approximately 1.6 million acres of timberlands in Alabama Arkansas Idaho Minnesota and Mississippi. The Company operates in three business segments: Resource Wood Products and Real Estate. The Resource segment manages the Company’s timberlands. Its Wood Products segment manufactures and markets lumber and plywood. The business of its Real Estate segment consists primarily of the sale of selected non-core timberland real estate which consists of three categories of property: higher and better use (HBU) rural real estate and non-strategic The Real Estate segment is engaged in real estate sales subdivision and development activities through Potlatch TRS. The Company through its wholly owned subsidiaries operates real estate sales and development business and five wood products manufacturing facilities that produce lumber and plywood.