Hudson Bay Capital Management LP Has $2.60 Million Holdings in West Fraser Timber Co. Ltd. (NYSE:WFG)

Hudson Bay Capital Management LP reduced its stake in West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 14.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,000 shares of the company's stock after selling 5,000 shares during the period. Hudson Bay Capital Management LP's holdings in West Fraser Timber were worth $2,596,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in West Fraser Timber during the 4th quarter worth approximately $487,000. Alberta Investment Management Corp grew its position in West Fraser Timber by 58.7% during the 4th quarter. Alberta Investment Management Corp now owns 293,903 shares of the company's stock worth $25,452,000 after acquiring an additional 108,670 shares during the last quarter. Vontobel Holding Ltd. grew its position in 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 acquiring an additional 35,855 shares during the last quarter. Tacita Capital Inc bought a new stake in West Fraser Timber during the 4th quarter worth approximately $412,000. Finally, Manning & Napier Advisors LLC grew its position in West Fraser Timber by 14.7% during the 4th quarter. Manning & Napier Advisors LLC now owns 853,038 shares of the company's stock worth $73,830,000 after acquiring an additional 109,447 shares during the last quarter. 40.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Royal Bank of Canada decreased their price target on 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. Raymond James reduced their price objective on West Fraser Timber from $105.00 to $90.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Scotiabank reduced their price objective on West Fraser Timber from $109.00 to $100.00 and set a "sector outperform" rating on the stock in a report on Tuesday, February 18th. Finally, TD Securities reduced their price objective on West Fraser Timber from $99.00 to $98.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $100.40.

West Fraser Timber Trading Up 0.6%

Shares of NYSE:WFG traded up $0.43 during midday trading on Friday, hitting $74.94. The company had a trading volume of 110,053 shares, compared to its average volume of 175,611. West Fraser Timber Co. Ltd. has a 12 month low of $69.48 and a 12 month high of $102.40. The stock has a market cap of $5.78 billion, a price-to-earnings ratio of -356.86 and a beta of 1.21. The firm has a fifty day simple moving average of $74.95 and a 200 day simple moving average of $83.33.

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

West Fraser Timber Company 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.