Bridgeway Capital Management LLC Has $4.23 Million Stake in Sylvamo Corporation $SLVM

Key Points

• Bridgeway Capital Management LLC increased its stake in Sylvamo Corporation to 63,000 shares, representing a 38.5% boost during the first quarter, bringing its total value to approximately $4.2 million.
• Several hedge funds have recently adjusted their holdings, with institutional investors now owning 91.16% of Sylvamo's stock.
• Sylvamo reported earnings per share of $0.37 for the last quarter, missing analysts' estimates, and experienced a 14.9% decline in revenue year-over-year.

Bridgeway Capital Management LLC boosted its holdings in Sylvamo Corporation (NYSE:SLVM - Free Report) by 38.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,000 shares of the company's stock after buying an additional 17,500 shares during the period. Bridgeway Capital Management LLC owned approximately 0.15% of Sylvamo worth $4,225,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. BI Asset Management Fondsmaeglerselskab A S bought a new position in Sylvamo during the first quarter worth $61,000. First Citizens Bank & Trust Co. acquired a new stake in Sylvamo in the 1st quarter worth $200,000. NDVR Inc. increased its holdings in shares of Sylvamo by 9.2% during the 4th 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. James Investment Research Inc. acquired a new position in shares of Sylvamo during the first quarter valued at about $251,000. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Sylvamo in the first quarter valued at about $263,000. 91.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SLVM. Zacks Research upgraded Sylvamo to a "strong sell" rating in a research note on Monday, August 11th. Royal Bank Of Canada set a $49.00 price objective on Sylvamo and gave the stock a "sector perform" rating in a 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 for the company in a research note on Wednesday, July 9th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus target price of $71.00.

Sylvamo Price Performance

Shares of SLVM traded up $0.70 during mid-day trading on Thursday, reaching $43.93. The company had a trading volume of 275,893 shares, compared to its average volume of 417,047. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.54 and a quick ratio of 0.91. The company has a market capitalization of $1.77 billion, a P/E ratio of 8.40, a P/E/G ratio of 2.43 and a beta of 1.00. Sylvamo Corporation has a twelve month low of $37.51 and a twelve month high of $98.02. The company's 50-day moving average is $46.74 and its 200-day moving average is $54.82.

Sylvamo (NYSE:SLVM - Get Free Report) last announced its quarterly earnings results on Friday, August 8th. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $826.60 million. During the same quarter last year, the company earned $1.98 earnings per share. The business's revenue was down 14.9% on a year-over-year basis. On average, equities analysts anticipate that Sylvamo Corporation will post 7.45 EPS for the current year.

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.