B. Metzler seel. Sohn & Co. AG Invests $1.16 Million 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 shares of Sylvamo Corporation (NYSE:SLVM - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 17,268 shares of the company's stock, valued at approximately $1,158,000.

A number of other large investors have also recently added to or reduced their stakes in SLVM. Vanguard Group Inc. boosted its stake in Sylvamo by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 2,994,527 shares of the company's stock valued at $200,843,000 after acquiring an additional 149,326 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Sylvamo by 351.8% during the 1st quarter. Victory Capital Management Inc. now owns 166,844 shares of the company's stock valued at $11,190,000 after acquiring an additional 129,916 shares during the last quarter. Jane Street Group LLC boosted its stake in Sylvamo by 248.4% during the 1st quarter. Jane Street Group LLC now owns 174,648 shares of the company's stock valued at $11,714,000 after acquiring an additional 124,521 shares during the last quarter. American Century Companies Inc. boosted its stake in Sylvamo by 10.6% during the 1st quarter. American Century Companies Inc. now owns 1,123,686 shares of the company's stock valued at $75,366,000 after acquiring an additional 107,622 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Sylvamo in the 1st quarter worth about $6,371,000. 91.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Sylvamo Price Performance

Shares of SLVM stock traded up $0.68 during midday trading on Friday, reaching $45.34. 76,893 shares of the company were exchanged, compared to its average volume of 362,371. Sylvamo Corporation has a 12 month low of $37.51 and a 12 month high of $98.02. The company has a market cap of $1.83 billion, a P/E ratio of 8.67, a PEG ratio of 2.48 and a beta of 1.00. The company's 50 day moving average price is $47.51 and its two-hundred day moving average price is $55.71. 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 released its quarterly earnings results on Friday, August 8th. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.10). Sylvamo had a return on equity of 23.99% and a net margin of 6.11%.The company had revenue of $794.00 million for the quarter, compared to the consensus estimate of $826.60 million. During the same quarter last year, the firm posted $1.98 earnings per share. The firm's quarterly revenue was down 14.9% compared to the same quarter last year. On average, sell-side analysts expect that Sylvamo Corporation will post 7.45 earnings per share for the current 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.