Victory Capital Management Inc. Boosts Stock Holdings in Universal Co. (NYSE:UVV)

Victory Capital Management Inc. grew its position in Universal Co. (NYSE:UVV) by 8.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 378,376 shares of the company’s stock after purchasing an additional 28,016 shares during the period. Victory Capital Management Inc.’s holdings in Universal were worth $25,472,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC increased its stake in Universal by 0.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 27,331 shares of the company’s stock valued at $1,840,000 after buying an additional 215 shares during the last quarter. Gladius Capital Management LP increased its position in shares of Universal by 57.5% during the third quarter. Gladius Capital Management LP now owns 712 shares of the company’s stock valued at $34,000 after acquiring an additional 260 shares during the last quarter. CWM LLC lifted its holdings in Universal by 71.9% during the fourth quarter. CWM LLC now owns 655 shares of the company’s stock worth $44,000 after acquiring an additional 274 shares during the period. Blue Trust Inc. boosted its position in Universal by 81.3% in the fourth quarter. Blue Trust Inc. now owns 725 shares of the company’s stock worth $49,000 after purchasing an additional 325 shares during the last quarter. Finally, HighTower Advisors LLC grew its stake in Universal by 4.3% in the 3rd quarter. HighTower Advisors LLC now owns 8,478 shares of the company’s stock valued at $409,000 after purchasing an additional 350 shares during the period. 81.00% of the stock is currently owned by hedge funds and other institutional investors.

Universal Stock Performance

Shares of UVV stock opened at $53.50 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.29 and a current ratio of 3.22. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 10.08 and a beta of 0.79. Universal Co. has a 52 week low of $44.40 and a 52 week high of $67.80. The firm’s 50-day simple moving average is $50.64 and its two-hundred day simple moving average is $54.32.

Universal (NYSE:UVV) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $2.16 EPS for the quarter. Universal had a net margin of 4.98% and a return on equity of 7.46%. The company had revenue of $821.51 million for the quarter.

Analysts Set New Price Targets

Separately, StockNews.com cut Universal from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th.

Universal Profile

Universal Corporation processes and supplies leaf tobacco and plant-based ingredients worldwide. The company operates through two segments, Tobacco Operations; and Ingredients Operations. It is involved in the procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to manufacturers of consumer tobacco products.