Bridgeway Capital Management LLC Invests $3.60 Million in Sylvamo Co. (NYSE:SLVM)

Bridgeway Capital Management LLC bought a new position in shares of Sylvamo Co. (NYSE:SLVM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 45,500 shares of the company's stock, valued at approximately $3,595,000. Bridgeway Capital Management LLC owned about 0.11% of Sylvamo at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SLVM. Smartleaf Asset Management LLC raised its position in shares of Sylvamo by 182.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 624 shares of the company's stock worth $49,000 after purchasing an additional 403 shares during the period. GAMMA Investing LLC raised its position in Sylvamo by 43.6% in the 4th quarter. GAMMA Investing LLC now owns 662 shares of the company's stock valued at $52,000 after buying an additional 201 shares during the last quarter. Fifth Third Bancorp raised its position in Sylvamo by 40.9% in the 4th quarter. Fifth Third Bancorp now owns 737 shares of the company's stock valued at $58,000 after buying an additional 214 shares during the last quarter. Covestor Ltd raised its position in Sylvamo by 464.5% in the 4th quarter. Covestor Ltd now owns 779 shares of the company's stock valued at $62,000 after buying an additional 641 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Sylvamo in the 3rd quarter valued at approximately $82,000. Institutional investors own 91.16% of the company's stock.

Analysts Set New Price Targets

Separately, Royal Bank of Canada decreased their price target on Sylvamo from $70.00 to $61.00 and set a "sector perform" rating for the company in a research note on Monday.

Sylvamo Stock Down 0.2%

SLVM stock traded down $0.11 during mid-day trading on Wednesday, reaching $55.86. The company had a trading volume of 120,318 shares, compared to its average volume of 329,506. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.56 and a quick ratio of 1.03. Sylvamo Co. has a 52 week low of $51.60 and a 52 week high of $98.02. The stock has a 50 day simple moving average of $61.84 and a two-hundred day simple moving average of $74.62. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 7.75, a PEG ratio of 2.23 and a beta of 1.18.

Sylvamo (NYSE:SLVM - Get Free Report) last issued its earnings results on Friday, May 9th. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.02). Sylvamo had a return on equity of 34.72% and a net margin of 7.96%. The business had revenue of $821.00 million for the quarter, compared to the consensus estimate of $819.61 million. During the same quarter in the prior year, the firm posted $1.07 earnings per share. The business's revenue was down 9.3% compared to the same quarter last year. As a group, equities analysts predict that Sylvamo Co. will post 7.45 earnings per share for the current fiscal year.

Sylvamo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th were paid a $0.45 dividend. The ex-dividend date was Tuesday, April 8th. This represents a $1.80 annualized dividend and a yield of 3.22%. Sylvamo's dividend payout ratio (DPR) is presently 26.32%.

Insider Activity at Sylvamo

In related news, CEO Jeanmichel Ribieras sold 21,250 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $65.14, for a total value of $1,384,225.00. Following the completion of the sale, the chief executive officer now directly owns 131,894 shares in the company, valued at $8,591,575.16. The trade was a 13.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.74% of the stock is currently owned by corporate insiders.

Sylvamo 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.