UBS Group AG Has $9.33 Million Holdings in West Fraser Timber Co. Ltd. (NYSE:WFG)

UBS Group AG cut its holdings in shares of West Fraser Timber Co. Ltd. (NYSE:WFG – Get Rating) by 18.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 128,998 shares of the company’s stock after selling 29,307 shares during the quarter. UBS Group AG owned 0.16% of West Fraser Timber worth $9,325,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of WFG. Accurate Wealth Management LLC acquired a new stake in West Fraser Timber during the 4th quarter worth about $75,000. Signaturefd LLC acquired a new stake in West Fraser Timber during the 4th quarter worth about $87,000. SG Americas Securities LLC acquired a new stake in West Fraser Timber during the 3rd quarter worth about $159,000. Moors & Cabot Inc. boosted its position in West Fraser Timber by 8.4% during the 1st quarter. Moors & Cabot Inc. now owns 2,525 shares of the company’s stock worth $208,000 after acquiring an additional 195 shares during the period. Finally, Two Sigma Advisers LP acquired a new stake in shares of West Fraser Timber during the 3rd quarter valued at about $210,000. 45.74% of the stock is currently owned by institutional investors and hedge funds.

West Fraser Timber Stock Down 1.5 %

Shares of WFG stock opened at $73.86 on Wednesday. The stock’s 50 day simple moving average is $73.42 and its 200 day simple moving average is $76.29. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.09 and a current ratio of 3.66. West Fraser Timber Co. Ltd. has a twelve month low of $67.45 and a twelve month high of $102.96. The company has a market capitalization of $6.00 billion, a price-to-earnings ratio of 8.75 and a beta of 0.97.

West Fraser Timber (NYSE:WFG – Get Rating) last issued its quarterly earnings data on Tuesday, April 25th. The company reported ($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($1.13). West Fraser Timber had a net margin of 10.25% and a return on equity of 10.92%. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the business posted $10.25 earnings per share. The firm’s revenue was down 47.7% on a year-over-year basis. As a group, research analysts predict that West Fraser Timber Co. Ltd. will post 5.26 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WFG. Credit Suisse Group lifted their price target on West Fraser Timber from $95.00 to $97.00 and gave the company an “outperform” rating in a report on Monday, February 13th. TD Securities lifted their price target on West Fraser Timber from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, February 16th.

West Fraser Timber Company Profile

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West Fraser Timber Co Ltd. engages in the production of lumber and engineered wood products. It operates through the following business segments: Lumber, North America Engineered Wood Products (NA EWP), Pulp and Paper, Europe Engineered Wood Products (Europe EWP), and Corporate and Other. The Lumber segment refers to the manufacturing, selling, marketing, and distributing lumber.