Sylvamo Corporation $SLVM Shares Purchased by Brandywine Global Investment Management LLC

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 increased its position in shares of Sylvamo Corporation (NYSE:SLVM - Free Report) by 16.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 147,902 shares of the company's stock after buying 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 institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. raised its position in Sylvamo by 1.6% in the first quarter. Principal Financial Group Inc. now owns 185,620 shares of the company's stock valued at $12,450,000 after purchasing an additional 2,958 shares during the period. CWA Asset Management Group LLC raised its position in Sylvamo by 27.3% in the first quarter. CWA Asset Management Group LLC now owns 6,236 shares of the company's stock valued at $418,000 after purchasing an additional 1,336 shares during the period. Deutsche Bank AG raised its position in Sylvamo by 48.0% in the fourth quarter. Deutsche Bank AG now owns 31,474 shares of the company's stock valued at $2,487,000 after purchasing an additional 10,204 shares during the period. Squarepoint Ops LLC purchased a new stake in Sylvamo in the fourth quarter valued at approximately $372,000. Finally, Bank of Montreal Can raised its position in Sylvamo by 10.3% in the fourth quarter. Bank of Montreal Can now owns 6,304 shares of the company's stock valued at $498,000 after purchasing an additional 587 shares during the period. Hedge funds and other institutional investors own 91.16% of the company's stock.

Sylvamo Stock Down 1.4%

Shares of Sylvamo stock traded down $0.6140 during trading hours on Wednesday, reaching $43.2260. 356,001 shares of the company were exchanged, compared to its average volume of 354,222. Sylvamo Corporation has a 1 year low of $37.51 and a 1 year high of $98.02. The stock's fifty day moving average is $49.01 and its 200 day moving average is $58.12. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.91 and a current ratio of 1.54. The firm has a market cap of $1.75 billion, a PE ratio of 8.27, a PEG ratio of 2.45 and a beta of 1.00.

Sylvamo (NYSE:SLVM - Get Free Report) last issued its 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). The firm had revenue of $794.00 million for the quarter, compared to analyst estimates of $826.60 million. Sylvamo had a return on equity of 23.99% and a net margin of 6.11%.The business's revenue for the quarter was down 14.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.98 EPS. As a group, equities research analysts forecast that Sylvamo Corporation will post 7.45 earnings per share for the current year.

Wall Street Analyst Weigh In

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

About Sylvamo

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.