Veritiv (VRTV) Forms $35.85 Double Bottom; Impac Mortgage Holdings (IMH) Sentiment Is 1.86

Veritiv Corporation (NYSE:VRTV) Logo

Veritiv Corporation (VRTV) formed double bottom with $32.98 target or 8.00% below today’s $35.85 share price. Veritiv Corporation (VRTV) has $564.05M valuation. The stock decreased 1.38% or $0.5 during the last trading session, reaching $35.85. About 53,031 shares traded. Veritiv Corporation (NYSE:VRTV) has declined 24.27% since April 14, 2017 and is downtrending. It has underperformed by 35.82% the S&P500.

Impac Mortgage Holdings Inc (IMH) investors sentiment increased to 1.86 in 2017 Q4. It’s up 1.09, from 0.77 in 2017Q3. The ratio improved, as 26 active investment managers opened new or increased equity positions, while 14 reduced and sold stock positions in Impac Mortgage Holdings Inc. The active investment managers in our database reported: 2.59 million shares, down from 3.06 million shares in 2017Q3. Also, the number of active investment managers holding Impac Mortgage Holdings Inc in top ten equity positions was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 9 Increased: 20 New Position: 6.

Analysts await Veritiv Corporation (NYSE:VRTV) to report earnings on May, 2. They expect $0.56 earnings per share, up 47.37% or $0.18 from last year’s $0.38 per share. VRTV’s profit will be $8.81M for 16.00 P/E if the $0.56 EPS becomes a reality. After $0.77 actual earnings per share reported by Veritiv Corporation for the previous quarter, Wall Street now forecasts -27.27% negative EPS growth.

Investors sentiment decreased to 1.02 in Q4 2017. Its down 0.15, from 1.17 in 2017Q3. It worsened, as 18 investors sold Veritiv Corporation shares while 39 reduced holdings. 22 funds opened positions while 36 raised stakes. 14.38 million shares or 4.28% more from 13.79 million shares in 2017Q3 were reported. Stone Ridge Asset Ltd invested in 0.02% or 9,293 shares. 2,230 are owned by State Of Alaska Department Of Revenue. Mark Sheptoff Fincl Planning Lc invested in 7 shares or 0% of the stock. Menta Capital Limited Company has 21,603 shares. Moreover, First Eagle Investment Management Limited Liability Corp has 0% invested in Veritiv Corporation (NYSE:VRTV) for 68,500 shares. 60,124 were reported by Invesco Limited. Hennessy Advsr Inc reported 0.06% of its portfolio in Veritiv Corporation (NYSE:VRTV). Kbc Group Nv stated it has 12,936 shares or 0% of all its holdings. Citigroup accumulated 5,865 shares. 3,608 were accumulated by Barclays Public Ltd Com. 4 are owned by Washington Trust Bank & Trust. Goldman Sachs Grp accumulated 29,764 shares or 0% of the stock. Huntington Bancorporation reported 81 shares or 0% of all its holdings. Weber Alan W has 0.24% invested in Veritiv Corporation (NYSE:VRTV) for 19,000 shares. Ameriprise Fincl Incorporated accumulated 75,864 shares.

Among 6 analysts covering Veritiv Corp (NYSE:VRTV), 0 have Buy rating, 1 Sell and 5 Hold. Therefore 0 are positive. Veritiv Corp has $45 highest and $20 lowest target. $31.50’s average target is -12.13% below currents $35.85 stock price. Veritiv Corp had 19 analyst reports since November 18, 2015 according to SRatingsIntel. The company was initiated on Wednesday, March 15 by Wells Fargo. As per Tuesday, November 8, the company rating was downgraded by Vertical Research. Wells Fargo upgraded the stock to “Outperform” rating in Thursday, May 18 report. On Monday, March 5 the stock rating was maintained by SunTrust with “Hold”. The firm has “Underweight” rating given on Monday, August 7 by Barclays Capital. The rating was downgraded by Barclays Capital to “Underweight” on Friday, January 8. The rating was downgraded by Wells Fargo to “Market Perform” on Wednesday, November 8. SunTrust downgraded it to “Hold” rating and $29.0 target in Wednesday, January 31 report. The firm earned “Neutral” rating on Wednesday, November 8 by Bank of America. The company was maintained on Friday, November 10 by Barclays Capital.

Salzhauer Michael holds 0.65% of its portfolio in Impac Mortgage Holdings, Inc. for 163,492 shares. Ellington Management Group Llc owns 45,500 shares or 0.08% of their US portfolio. Moreover, Cqs Cayman Lp has 0.02% invested in the company for 38,040 shares. The Texas-based Bridgeway Capital Management Inc has invested 0.01% in the stock. American International Group Inc, a New York-based fund reported 6,534 shares.

The stock decreased 3.03% or $0.27 during the last trading session, reaching $8.64. About 19,434 shares traded. Impac Mortgage Holdings, Inc. (IMH) has declined 36.79% since April 14, 2017 and is downtrending. It has underperformed by 48.34% the S&P500.

Impac Mortgage Holdings, Inc. (NYSEAMERICAN:IMH) Institutional Positions Chart