Jane Street Group LLC Purchases 124,521 Shares of Sylvamo Corporation $SLVM

Key Points

• Jane Street Group LLC increased its stake in Sylvamo Corporation by 248.4%, owning approximately 0.43% of the company, equating to a value of about $11.71 million.
• Brokerages have mixed ratings on Sylvamo, with Zacks Research issuing a "strong sell" rating and Bank of America reducing their target price from $67.00 to $64.00.
• In its latest earnings report, Sylvamo missed earnings expectations with an EPS of $0.37, lower than the consensus estimate of $0.47, and reported a 14.9% decline in year-over-year revenue.

Jane Street Group LLC raised its holdings in Sylvamo Corporation (NYSE:SLVM - Free Report) by 248.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 174,648 shares of the company's stock after acquiring an additional 124,521 shares during the period. Jane Street Group LLC owned 0.43% of Sylvamo worth $11,714,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. MorganRosel Wealth Management LLC grew its stake in shares of Sylvamo by 1.3% during the first quarter. MorganRosel Wealth Management LLC now owns 17,472 shares of the company's stock valued at $1,172,000 after acquiring an additional 223 shares in the last quarter. Perigon Wealth Management LLC grew its stake in Sylvamo by 3.6% in the first quarter. Perigon Wealth Management LLC now owns 9,233 shares of the company's stock worth $619,000 after purchasing an additional 323 shares in the last quarter. RHS Financial LLC boosted its stake in Sylvamo by 9.1% in the first quarter. RHS Financial LLC now owns 4,095 shares of the company's stock valued at $275,000 after acquiring an additional 343 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Sylvamo by 11.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,559 shares of the company's stock valued at $360,000 after acquiring an additional 481 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Sylvamo by 2.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,797 shares of the company's stock valued at $1,564,000 after acquiring an additional 520 shares during the period. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Royal Bank Of Canada set a $49.00 price target on Sylvamo and gave the stock a "sector perform" rating in a research report on Monday, August 11th. Zacks Research upgraded shares of Sylvamo to a "strong sell" rating in a research report on Monday, August 11th. Finally, Bank of America decreased their price objective on shares of Sylvamo from $67.00 to $64.00 and set an "underperform" rating for the company in a report on Wednesday, July 9th. One 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. Based on data from MarketBeat.com, Sylvamo currently has an average rating of "Reduce" and an average price target of $71.00.

Sylvamo Stock Performance

Shares of SLVM stock traded down $1.52 during midday trading on Friday, hitting $43.75. 1,113,556 shares of the company were exchanged, compared to its average volume of 378,765. The firm's 50 day moving average price is $45.83 and its two-hundred day moving average price is $53.78. Sylvamo Corporation has a 52 week low of $37.51 and a 52 week high of $98.02. 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 capitalization of $1.77 billion, a P/E ratio of 8.36, a PEG ratio of 2.54 and a beta of 1.00.

Sylvamo (NYSE:SLVM - Get Free Report) last announced its quarterly earnings results on Friday, August 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.10). The business had revenue of $794.00 million during the quarter, compared to analyst estimates of $826.60 million. Sylvamo had a net margin of 6.11% and a return on equity of 23.99%. The company's revenue was down 14.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.98 earnings per share. As a group, equities research analysts anticipate that Sylvamo Corporation will post 7.45 earnings per share for the current year.

Sylvamo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.80 annualized dividend and a dividend yield of 4.1%. Sylvamo's dividend payout ratio is presently 34.42%.

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.