Brandywine Global Investment Management LLC Has $9.92 Million Stock Holdings in Sylvamo Corporation $SLVM

Key Points

• Brandywine Global Investment Management LLC increased its stake in Sylvamo Corporation by 16.5%, owning 147,902 shares worth approximately $9.92 million at the end of the last reporting period.
• The company reported Q2 earnings of $0.37 per share, missing the consensus estimate of $0.47, with quarterly revenue declining 14.9% year-over-year.
• Wall Street analysts have mixed opinions on Sylvamo, with Royal Bank of Canada setting a price target of $49.00 and Zacks Research giving it a "strong sell" rating.

Brandywine Global Investment Management LLC lifted its position in Sylvamo Corporation (NYSE:SLVM - Free Report) by 16.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 147,902 shares of the company's stock after purchasing an additional 20,953 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.36% of Sylvamo worth $9,920,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Summit Investment Advisors Inc. increased its position in shares of Sylvamo by 5.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,639 shares of the company's stock worth $288,000 after purchasing an additional 193 shares in the last quarter. MorganRosel Wealth Management LLC lifted its position in Sylvamo by 1.3% during the 1st quarter. MorganRosel Wealth Management LLC now owns 17,472 shares of the company's stock worth $1,172,000 after acquiring an additional 223 shares during the period. NDVR Inc. lifted its holdings in shares of Sylvamo by 9.2% during the fourth quarter. NDVR Inc. now owns 3,196 shares of the company's stock worth $253,000 after purchasing an additional 268 shares during the period. LPL Financial LLC boosted its position in Sylvamo by 1.9% in the fourth quarter. LPL Financial LLC now owns 15,874 shares of the company's stock valued at $1,254,000 after buying an additional 299 shares during the last quarter. Finally, Perigon Wealth Management LLC raised its stake in shares of Sylvamo by 3.6% during the 1st quarter. Perigon Wealth Management LLC now owns 9,233 shares of the company's stock valued at $619,000 after buying an additional 323 shares during the last quarter. Hedge funds and other institutional investors own 91.16% of the company's stock.

Sylvamo Stock Performance

SLVM stock traded up $2.5850 during trading on Friday, reaching $44.1650. 179,158 shares of the company's stock were exchanged, compared to its average volume of 355,960. Sylvamo Corporation has a 1-year low of $37.51 and a 1-year high of $98.02. The company's fifty day moving average price is $48.60 and its 200-day moving average price is $57.77. The company has a quick ratio of 0.91, a current ratio of 1.54 and a debt-to-equity ratio of 0.80. The firm has a market cap of $1.78 billion, a PE ratio of 8.44, a P/E/G ratio of 2.42 and a beta of 1.00.

Sylvamo (NYSE:SLVM - Get Free Report) last released its earnings results on Friday, August 8th. The company reported $0.37 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 business had revenue of $794.00 million for the quarter, compared to analyst estimates of $826.60 million. During the same period in the prior year, the company earned $1.98 earnings per share. The firm's revenue for the quarter was down 14.9% on a year-over-year basis. On average, research analysts expect that Sylvamo Corporation will post 7.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. 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 decreased their target price on shares of Sylvamo from $67.00 to $64.00 and set an "underperform" rating on the stock in a research note on Wednesday, July 9th. Finally, Zacks Research upgraded Sylvamo to a "strong sell" rating in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus target price of $71.00.

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.