B. Metzler seel. Sohn & Co. AG Buys New Position in Sylvamo Corporation $SLVM

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 17,268 shares of Sylvamo Corporation, valued at approximately $1,158,000, in the first quarter.
• Several other hedge funds, including Vanguard Group Inc. and Victory Capital Management Inc., have significantly increased their stakes in Sylvamo during the same period.
• Sylvamo's latest earnings report showed a miss in EPS, reporting $0.37 against an estimated $0.47, with revenue down 14.9% year-over-year.

B. Metzler seel. Sohn & Co. AG acquired a new stake in Sylvamo Corporation (NYSE:SLVM - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 17,268 shares of the company's stock, valued at approximately $1,158,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Sylvamo in the 1st quarter valued at $61,000. First Citizens Bank & Trust Co. acquired a new position in shares of Sylvamo in the first quarter valued at approximately $200,000. James Investment Research Inc. acquired a new position in shares of Sylvamo in the first quarter valued at approximately $251,000. NDVR Inc. grew its holdings in shares of Sylvamo by 9.2% in the fourth quarter. NDVR Inc. now owns 3,196 shares of the company's stock valued at $253,000 after purchasing an additional 268 shares in the last quarter. Finally, Corton Capital Inc. acquired a new position in shares of Sylvamo in the fourth quarter valued at approximately $258,000. Hedge funds and other institutional investors own 91.16% of the company's stock.

Sylvamo Stock Up 0.5%

Shares of NYSE:SLVM traded up $0.24 on Thursday, hitting $44.32. 91,703 shares of the company's stock were exchanged, compared to its average volume of 362,994. The firm's 50-day moving average is $47.63 and its 200 day moving average is $55.90. The company has a market capitalization of $1.79 billion, a PE ratio of 8.47, a P/E/G ratio of 2.59 and a beta of 1.00. Sylvamo Corporation has a 1-year low of $37.51 and a 1-year high of $98.02. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.91 and a current ratio of 1.54.

Sylvamo (NYSE:SLVM - Get Free Report) last issued its earnings results on Friday, August 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.10). Sylvamo had a net margin of 6.11% and a return on equity of 23.99%. The company had revenue of $794.00 million during the quarter, compared to analyst estimates of $826.60 million. During the same quarter in the previous year, the company posted $1.98 EPS. The company's quarterly revenue was down 14.9% on a year-over-year basis. Sell-side analysts predict that Sylvamo Corporation will post 7.45 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SLVM shares. Royal Bank Of Canada set a $49.00 target price on Sylvamo and gave the stock a "sector perform" rating in a research note on Monday, August 11th. Bank of America lowered their target price on Sylvamo from $67.00 to $64.00 and set an "underperform" rating for the company in a research note on Wednesday, July 9th. Finally, Zacks Research upgraded shares of Sylvamo to a "strong sell" rating in a report on Monday, August 11th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Reduce" and a consensus target price of $71.00.

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.