94,989 Shares in Sylvamo Corporation $SLVM Purchased by Nuveen LLC

Key Points

• Nuveen LLC has made a new investment of approximately $6.37 million in Sylvamo Corporation, acquiring 94,989 shares of the company's stock in the first quarter.
• Despite the investments from various hedge funds, Sylvamo has received mixed feedback from analysts, with one upgrade and two downgrades, resulting in a consensus rating of "Reduce."
• Sylvamo's recent quarterly earnings report showed a significant decline in revenue, down 14.9% year-over-year, with an EPS of $0.37 that missed estimates by $0.10.

Nuveen LLC bought a new stake in shares of Sylvamo Corporation (NYSE:SLVM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 94,989 shares of the company's stock, valued at approximately $6,371,000. Nuveen LLC owned about 0.23% of Sylvamo as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. First Citizens Bank & Trust Co. bought a new stake in Sylvamo in the 1st quarter worth $200,000. James Investment Research Inc. bought a new stake in Sylvamo in the 1st quarter worth $251,000. NDVR Inc. grew its holdings in Sylvamo by 9.2% in the 4th quarter. NDVR Inc. now owns 3,196 shares of the company's stock worth $253,000 after acquiring an additional 268 shares during the last quarter. Corton Capital Inc. bought a new stake in Sylvamo in the 4th quarter worth $258,000. Finally, Kapitalo Investimentos Ltda bought a new stake in Sylvamo in the 1st quarter worth $263,000. Institutional investors own 91.16% of the company's stock.

Sylvamo Trading Up 1.6%

Shares of SLVM traded up $0.73 during trading hours on Thursday, reaching $45.92. 512,734 shares of the company traded hands, compared to its average volume of 528,983. The company's fifty day moving average price is $48.04 and its two-hundred day moving average price is $56.65. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 8.78, a price-to-earnings-growth ratio of 2.54 and a beta of 1.00. 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 Corporation has a 12 month low of $37.51 and a 12 month high of $98.02.

Sylvamo (NYSE:SLVM - Get Free Report) last announced its 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 for the quarter, compared to the consensus estimate of $826.60 million. During the same period in the previous year, the firm posted $1.98 EPS. The company's revenue for the quarter was down 14.9% on a year-over-year basis. Equities research analysts predict that Sylvamo Corporation will post 7.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SLVM has been the topic of a number of recent analyst reports. Zacks Research raised shares of Sylvamo to a "strong sell" rating in a report on Monday, August 11th. 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. Finally, 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. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average target price 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.