Pictet Asset Management Ltd. Reduces Position in Potlatch Corporation (PCH)

Pictet Asset Management Ltd. cut its stake in Potlatch Corporation (NASDAQ:PCH) by 0.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,018,945 shares of the real estate investment trust’s stock after selling 3,493 shares during the period. Pictet Asset Management Ltd. owned about 2.51% of Potlatch Corporation worth $46,616,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Flinton Capital Management LLC boosted its stake in shares of Potlatch Corporation by 28.3% in the first quarter. Flinton Capital Management LLC now owns 2,618 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 578 shares in the last quarter. LS Investment Advisors LLC boosted its stake in shares of Potlatch Corporation by 18.2% in the second quarter. LS Investment Advisors LLC now owns 3,140 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 483 shares in the last quarter. Sit Investment Associates Inc. boosted its stake in shares of Potlatch Corporation by 115.0% in the first quarter. Sit Investment Associates Inc. now owns 4,300 shares of the real estate investment trust’s stock valued at $197,000 after buying an additional 2,300 shares in the last quarter. Worth Venture Partners LLC acquired a new stake in shares of Potlatch Corporation during the first quarter valued at $204,000. Finally, First City Capital Management Inc. acquired a new stake in shares of Potlatch Corporation during the first quarter valued at $206,000. 80.72% of the stock is currently owned by institutional investors.

Shares of Potlatch Corporation (NASDAQ:PCH) traded up 0.11% during trading on Friday, hitting $44.40. 232,494 shares of the stock traded hands. The company has a 50 day moving average price of $46.90 and a 200 day moving average price of $45.63. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 21.97 and a beta of 1.41. Potlatch Corporation has a 12 month low of $35.38 and a 12 month high of $49.00.

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Several analysts recently weighed in on the stock. UBS AG cut shares of Potlatch Corporation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 27th. BidaskClub cut shares of Potlatch Corporation from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research raised shares of Potlatch Corporation from a “hold” rating to a “strong-buy” rating and set a $52.00 price target on the stock in a research report on Tuesday, May 2nd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $47.00 price target on shares of Potlatch Corporation in a research report on Monday, July 31st. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $40.00 price target on shares of Potlatch Corporation in a research report on Thursday, July 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. Potlatch Corporation presently has an average rating of “Hold” and an average target price of $45.80.

Potlatch Corporation Company Profile

Potlatch Corporation is a real estate investment trust (REIT), which is primarily engaged in activities associated with timberland management, including the sale of timber, management of timberlands, and purchase and sale of timberlands. The Company is also engaged in the manufacture and sale of wood products.

Institutional Ownership by Quarter for Potlatch Corporation (NASDAQ:PCH)

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