Tudor Investment Corp ET AL Acquires Shares of 12,000 Versum Materials Inc. (VSM)

Tudor Investment Corp ET AL acquired a new stake in shares of Versum Materials Inc. (NYSE:VSM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,000 shares of the basic materials company’s stock, valued at approximately $390,000.

A number of other hedge funds have also modified their holdings of the stock. ProShare Advisors LLC increased its holdings in Versum Materials by 0.4% during the second quarter. ProShare Advisors LLC now owns 15,614 shares of the basic materials company’s stock valued at $507,000 after buying an additional 55 shares during the period. Piedmont Investment Advisors LLC increased its holdings in Versum Materials by 0.9% during the first quarter. Piedmont Investment Advisors LLC now owns 20,484 shares of the basic materials company’s stock valued at $627,000 after buying an additional 179 shares during the period. Comerica Bank increased its holdings in Versum Materials by 0.3% during the second quarter. Comerica Bank now owns 113,125 shares of the basic materials company’s stock valued at $4,043,000 after buying an additional 287 shares during the period. Public Employees Retirement Association of Colorado increased its holdings in Versum Materials by 1.5% during the second quarter. Public Employees Retirement Association of Colorado now owns 20,574 shares of the basic materials company’s stock valued at $669,000 after buying an additional 309 shares during the period. Finally, Great West Life Assurance Co. Can increased its holdings in Versum Materials by 0.5% during the second quarter. Great West Life Assurance Co. Can now owns 66,277 shares of the basic materials company’s stock valued at $2,153,000 after buying an additional 360 shares during the period. 89.60% of the stock is currently owned by institutional investors.

Several equities analysts recently issued reports on the stock. ValuEngine lowered shares of Versum Materials from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Jefferies Group LLC reissued a “hold” rating and set a $38.00 price objective (up from $34.00) on shares of Versum Materials in a report on Wednesday, August 2nd. Stifel Nicolaus assumed coverage on shares of Versum Materials in a report on Wednesday, September 20th. They set a “hold” rating and a $42.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and set a $41.00 price objective on shares of Versum Materials in a report on Tuesday, September 5th. Finally, Aegis raised shares of Versum Materials from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Friday, June 23rd. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $38.20.

Versum Materials (NYSE:VSM) last released its earnings results on Tuesday, August 1st. The basic materials company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.08. The company had revenue of $290.80 million for the quarter, compared to analyst estimates of $265.64 million. Versum Materials had a net margin of 17.91% and a negative return on equity of 261.88%. The firm’s quarterly revenue was up 19.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 EPS.

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In other Versum Materials news, Director Jacques M. Croisetiere bought 2,750 shares of Versum Materials stock in a transaction on Thursday, August 3rd. The shares were bought at an average cost of $36.00 per share, for a total transaction of $99,000.00. Following the acquisition, the director now directly owns 8,376 shares in the company, valued at $301,536. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.49% of the stock is owned by corporate insiders.

About Versum Materials

Versum Materials, Inc is a provider of solutions to the semiconductor and display industries. The Company is engaged in the development, manufacturing, transportation and handling of specialty materials. Its segments include Materials; Delivery Systems and Services (DS&S), and Corporate. The Materials segment is an integrated provider of specialty materials for the electronics industry, focusing on the integrated circuit and flat-panel display markets.

Institutional Ownership by Quarter for Versum Materials (NYSE:VSM)

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