Tidal Investments LLC Raises Stake in Sylvamo Co. (NYSE:SLVM)

Tidal Investments LLC boosted its holdings in shares of Sylvamo Co. (NYSE:SLVM) by 150.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,469 shares of the company’s stock after buying an additional 13,512 shares during the quarter. Tidal Investments LLC owned 0.05% of Sylvamo worth $1,929,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. CWM LLC increased its stake in shares of Sylvamo by 62.5% in the second quarter. CWM LLC now owns 408 shares of the company’s stock worth $28,000 after acquiring an additional 157 shares during the period. Blue Trust Inc. boosted its holdings in Sylvamo by 534.1% in the second quarter. Blue Trust Inc. now owns 818 shares of the company’s stock valued at $56,000 after purchasing an additional 689 shares during the last quarter. Summit Global Investments acquired a new stake in Sylvamo during the 2nd quarter worth about $1,170,000. Fifth Third Bancorp raised its stake in shares of Sylvamo by 149.3% during the 2nd quarter. Fifth Third Bancorp now owns 506 shares of the company’s stock valued at $35,000 after buying an additional 303 shares during the last quarter. Finally, SummerHaven Investment Management LLC lifted its holdings in shares of Sylvamo by 1.3% in the 2nd quarter. SummerHaven Investment Management LLC now owns 16,976 shares of the company’s stock valued at $1,165,000 after buying an additional 216 shares during the period. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on SLVM shares. Sidoti initiated coverage on Sylvamo in a report on Tuesday, October 15th. They set a “buy” rating and a $100.00 target price on the stock. Bank of America restated an “underperform” rating and issued a $96.00 price objective on shares of Sylvamo in a research report on Wednesday, December 11th.

Sylvamo Trading Up 0.3 %

SLVM stock opened at $87.99 on Tuesday. Sylvamo Co. has a 52-week low of $44.94 and a 52-week high of $98.02. The company has a quick ratio of 1.13, a current ratio of 1.72 and a debt-to-equity ratio of 0.94. The firm has a market cap of $3.61 billion, a P/E ratio of 13.68, a PEG ratio of 2.92 and a beta of 1.08. The company’s 50-day simple moving average is $87.89 and its 200-day simple moving average is $78.82.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.18 by $0.26. Sylvamo had a return on equity of 30.60% and a net margin of 7.13%. The company had revenue of $965.00 million for the quarter, compared to the consensus estimate of $960.47 million. Sylvamo’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.70 earnings per share. As a group, equities analysts forecast that Sylvamo Co. will post 7.15 EPS for the current fiscal year.

Sylvamo Company Profile

Sylvamo Corporation produces and markets uncoated freesheet for cutsize, offset paper, and pulp in Latin America, Europe, and North America. The company operates through Europe, Latin America, and North America segments. The Europe segment offers copy, tinted, and colored laser printing paper under REY Adagio and Pro-Design brands; and graphic and high-speed inkjet printing papers under the brand Jetstar; as well as produces uncoated freesheet papers.