Jane Street Group LLC Cuts Stake in West Fraser Timber Co. Ltd. (NYSE:WFG)

Jane Street Group LLC lessened its holdings in shares of West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 68.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,368 shares of the company's stock after selling 18,054 shares during the period. Jane Street Group LLC's holdings in West Fraser Timber were worth $724,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in WFG. Raymond James Financial Inc. acquired a new stake in West Fraser Timber in the 4th quarter valued at approximately $487,000. Alberta Investment Management Corp grew its position in West Fraser Timber by 58.7% during the fourth quarter. Alberta Investment Management Corp now owns 293,903 shares of the company's stock worth $25,452,000 after buying an additional 108,670 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in shares of West Fraser Timber by 6.3% during the 4th quarter. Vontobel Holding Ltd. now owns 607,438 shares of the company's stock worth $52,565,000 after purchasing an additional 35,855 shares in the last quarter. Tacita Capital Inc bought a new position in West Fraser Timber in the 4th quarter valued at about $412,000. Finally, Manning & Napier Advisors LLC increased its stake in West Fraser Timber by 14.7% in the fourth quarter. Manning & Napier Advisors LLC now owns 853,038 shares of the company's stock valued at $73,830,000 after acquiring an additional 109,447 shares during the last quarter. Institutional investors own 40.23% of the company's stock.

West Fraser Timber Trading Up 0.8%

Shares of West Fraser Timber stock traded up $0.61 during trading on Friday, hitting $74.37. The stock had a trading volume of 18,238 shares, compared to its average volume of 192,149. The business's 50-day moving average is $74.40 and its 200 day moving average is $82.19. West Fraser Timber Co. Ltd. has a 12 month low of $69.48 and a 12 month high of $102.40. The firm has a market cap of $5.74 billion, a price-to-earnings ratio of -354.43 and a beta of 1.21.

West Fraser Timber (NYSE:WFG - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.61 by ($0.15). The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.53 billion. West Fraser Timber had a positive return on equity of 0.88% and a negative net margin of 0.08%. As a group, equities analysts expect that West Fraser Timber Co. Ltd. will post 4.45 EPS for the current year.

Analyst Ratings Changes

WFG has been the topic of a number of recent research reports. Scotiabank cut their price target on West Fraser Timber from $109.00 to $100.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, February 18th. Raymond James decreased their price objective on shares of West Fraser Timber from $105.00 to $90.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Royal Bank of Canada cut their price target on shares of West Fraser Timber from $117.00 to $99.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Finally, TD Securities lowered their price objective on West Fraser Timber from $99.00 to $98.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $100.40.

West Fraser Timber Profile

West Fraser Timber Co Ltd., a diversified wood products company, engages in manufacturing, selling, marketing, and distributing lumber, engineered wood products, pulp, newsprint, wood chips, and other residuals and renewable energy. It offers spruce-pine-fir, douglas fir-larch, hem-fir, and southern yellow pine lumber, treated wood products, medium density fiberboard panels and plywood, oriented strand board, and laminated veneer lumber wood products, as well as particleboards.