Entropy Technologies LP Takes $715,000 Position in Sylvamo Corporation (NYSE:SLVM)

Key Points

• Entropy Technologies LP acquired a new stake in Sylvamo Corporation, purchasing 10,657 shares valued at approximately $715,000.
• Several hedge funds, including Vanguard Group Inc. and First Trust Advisors LP, have increased their stakes in Sylvamo, indicating strong institutional interest.
• Sylvamo's stock recently opened at $44.03, and the company reported a 14.9% year-over-year decline in revenue, missing analyst expectations for earnings per share.

Entropy Technologies LP acquired a new stake in shares of Sylvamo Corporation (NYSE:SLVM - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,657 shares of the company's stock, valued at approximately $715,000.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Sylvamo by 5.2% during the first quarter. Vanguard Group Inc. now owns 2,994,527 shares of the company's stock valued at $200,843,000 after buying an additional 149,326 shares during the last quarter. LSV Asset Management grew its holdings in shares of Sylvamo by 0.7% during the first quarter. LSV Asset Management now owns 1,804,055 shares of the company's stock valued at $120,998,000 after buying an additional 12,371 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Sylvamo by 39.7% during the fourth quarter. First Trust Advisors LP now owns 1,177,493 shares of the company's stock valued at $93,045,000 after buying an additional 334,792 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Sylvamo by 6.8% during the first quarter. Allianz Asset Management GmbH now owns 542,288 shares of the company's stock valued at $36,371,000 after buying an additional 34,323 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Sylvamo by 6.9% during the fourth quarter. Northern Trust Corp now owns 403,900 shares of the company's stock valued at $31,916,000 after buying an additional 25,934 shares during the last quarter. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SLVM shares. Zacks Research upgraded shares of Sylvamo to a "strong sell" rating in a report on Monday, August 11th. Bank of America cut their price target on shares of Sylvamo from $67.00 to $64.00 and set an "underperform" rating on the stock in a report on Wednesday, July 9th. Finally, Royal Bank Of Canada set a $49.00 price target on shares of Sylvamo and gave the stock a "sector perform" rating in a report on Monday, August 11th.

Sylvamo Stock Down 3.2%

Sylvamo stock traded down $1.42 during midday trading on Friday, hitting $43.26. 351,304 shares of the stock were exchanged, compared to its average volume of 411,796. Sylvamo Corporation has a 52-week low of $37.51 and a 52-week high of $98.02. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 8.27, a price-to-earnings-growth ratio of 2.43 and a beta of 1.00. The business's 50-day moving average price is $49.40 and its 200-day moving average price is $58.63. The company has a quick ratio of 0.91, a current ratio of 1.54 and a debt-to-equity ratio of 0.80.

Sylvamo (NYSE:SLVM - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.10). The company had revenue of $794.00 million during the quarter, compared to the consensus estimate of $826.60 million. Sylvamo had a return on equity of 23.99% and a net margin of 6.11%. The business's revenue was down 14.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.98 EPS. On average, research analysts expect that Sylvamo Corporation will post 7.45 EPS for the current fiscal year.

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.