Potlatch Corporation (PCH) : Mosaic Financial Partners scooped up 3,232 additional shares in Potlatch Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 48,264 shares of Potlatch Corporation which is valued at $1,831,136.Potlatch Corporation makes up approximately 1.09% of Mosaic Financial Partners’s portfolio.
Other Hedge Funds, Including , Advisors Asset Management reduced its stake in PCH by selling 707 shares or 6.75% in the most recent quarter. The Hedge Fund company now holds 9,767 shares of PCH which is valued at $370,560. Potlatch Corporation makes up approx 0.01% of Advisors Asset Management’s portfolio.Baker Ellis Asset Management reduced its stake in PCH by selling 200 shares or 1.81% in the most recent quarter. The Hedge Fund company now holds 10,851 shares of PCH which is valued at $415,051. Potlatch Corporation makes up approx 0.13% of Baker Ellis Asset Management’s portfolio.Advisory Services Network boosted its stake in PCH in the latest quarter, The investment management firm added 82 additional shares and now holds a total of 700 shares of Potlatch Corporation which is valued at $25,914. Potlatch Corporation makes up approx 0.01% of Advisory Services Network’s portfolio.Deprince Race Zollo Inc reduced its stake in PCH by selling 252,577 shares or 21.43% in the most recent quarter. The Hedge Fund company now holds 925,870 shares of PCH which is valued at $34,275,707. Potlatch Corporation makes up approx 0.67% of Deprince Race Zollo Inc’s portfolio.
Potlatch Corporation opened for trading at $37.81 and hit $38.55 on the upside on Monday, eventually ending the session at $38.44, with a gain of 1.67% or 0.63 points. The heightened volatility saw the trading volume jump to 1,50,678 shares. Company has a market cap of $1,558 M.
On the company’s financial health, Potlatch Corporation reported $0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.07. The company had revenue of $141.50 million for the quarter, compared to analysts expectations of $135.32 million. The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.
Many Wall Street Analysts have commented on Potlatch Corporation. Shares were Downgraded by DA Davidson on Jul 27, 2016 to ” Neutral” and Lowered the Price Target to $ 40 from a previous price target of $56 .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 .
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.