Hourglass Capital buys $22,363,808 stake in Weyerhaeuser Co (WY)

Weyerhaeuser Co (WY) : Hourglass Capital scooped up 12,582 additional shares in Weyerhaeuser Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 701,940 shares of Weyerhaeuser Co which is valued at $22,363,808.Weyerhaeuser Co makes up approximately 5.17% of Hourglass Capital’s portfolio.

Other Hedge Funds, Including , Blackrock Fund Advisors reduced its stake in WY by selling 2,882,992 shares or 15.31% in the most recent quarter. The Hedge Fund company now holds 15,944,691 shares of WY which is valued at $507,997,855. Weyerhaeuser Co makes up approx 0.11% of Blackrock Fund Advisors’s portfolio.Edge Asset Management Inc reduced its stake in WY by selling 2,048 shares or 0.34% in the most recent quarter. The Hedge Fund company now holds 604,533 shares of WY which is valued at $19,568,733. Weyerhaeuser Co makes up approx 0.17% of Edge Asset Management Inc’s portfolio.Saturna Capital Corp boosted its stake in WY in the latest quarter, The investment management firm added 280 additional shares and now holds a total of 11,760 shares of Weyerhaeuser Co which is valued at $381,847. Weyerhaeuser Co makes up approx 0.01% of Saturna Capital Corp’s portfolio.Checchi Capital Advisers boosted its stake in WY in the latest quarter, The investment management firm added 582 additional shares and now holds a total of 8,533 shares of Weyerhaeuser Co which is valued at $276,725. Weyerhaeuser Co makes up approx 0.07% of Checchi Capital Advisers’s portfolio.

Weyerhaeuser Co closed down -0.23 points or -0.73% at $31.18 with 36,88,461 shares getting traded on Friday. Post opening the session at $31.25, the shares hit an intraday low of $30.88 and an intraday high of $31.29 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Weyerhaeuser Co reported $0.21 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 5, 2016. Analyst had a consensus of $0.22. The company had revenue of $1655.00 million for the quarter, compared to analysts expectations of $1926.61 million. The company’s revenue was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Many Wall Street Analysts have commented on Weyerhaeuser Co. Weyerhaeuser Co was Downgraded by Dundee to ” Neutral” on Aug 12, 2016. DA Davidson Downgraded Weyerhaeuser Co on Aug 8, 2016 to ” Neutral”, Price Target of the shares are set at $33.Weyerhaeuser Co was Upgraded by DA Davidson to ” Buy” on Jun 29, 2016.

Weyerhaeuser Company is a real estate investment trust (REIT). The Company is an owner of timberlands. It is principally engaged in growing and harvesting timber as well as manufacturing distributing and selling products made from trees. The Company owns nearly 7 million acres of timberlands primarily in the United States and manages additional timberlands under long-term licenses in Canada. It is engaged in the manufacturing of wood and specialty cellulose fibers products. The Company’s operational segments include Timberlands Wood Products and Cellulose Fibers. The Company’s Timberlands segment manages approximately 6.9 million acres of private commercial timberlands across the world. The Wood Products segment manufactures and distributes wood products primarily in North America and Asia. The Cellulose Fibers segment is involved in the production of absorbent fluff pulp used in products such as diapers.

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