Russell Investments Group Ltd. Has $1.34 Million Position in Sylvamo Corporation $SLVM

Key Points

• Russell Investments Group Ltd. increased its holdings in Sylvamo Corporation by 73.7%, owning 20,008 shares valued at approximately $1.34 million by the end of the first quarter.
• Other institutional investors also raised their positions in Sylvamo, with 91.16% of the stock now owned by hedge funds and institutional investors.
• Sylvamo's recent earnings report showed an earnings per share (EPS) of $0.37, falling short of analysts' expectations of $0.47 and reflecting a 14.9% year-over-year revenue decline.

Russell Investments Group Ltd. raised its position in Sylvamo Corporation (NYSE:SLVM - Free Report) by 73.7% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 20,008 shares of the company's stock after buying an additional 8,486 shares during the period. Russell Investments Group Ltd.'s holdings in Sylvamo were worth $1,342,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. increased 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 worth $12,450,000 after purchasing an additional 2,958 shares during the period. CWA Asset Management Group LLC lifted its position in Sylvamo by 27.3% during the 1st 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 boosted its stake in shares of Sylvamo by 48.0% in the 4th 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 last quarter. Squarepoint Ops LLC acquired a new stake in Sylvamo during the 4th quarter worth $372,000. Finally, Victory Capital Management Inc. grew its stake in shares of Sylvamo by 351.8% during the first quarter. Victory Capital Management Inc. now owns 166,844 shares of the company's stock worth $11,190,000 after purchasing an additional 129,916 shares during the period. Institutional investors own 91.16% of the company's stock.

Sylvamo Stock Up 0.5%

Shares of SLVM stock traded up $0.24 during trading on Friday, reaching $46.15. The company's stock had a trading volume of 366,340 shares, compared to its average volume of 532,945. Sylvamo Corporation has a one year low of $37.51 and a one year high of $98.02. The business has a fifty day moving average price of $47.96 and a 200-day moving average price of $56.44. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 8.82, a price-to-earnings-growth ratio of 2.58 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 (NYSE:SLVM - Get Free Report) last released 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 business had revenue of $794.00 million during the quarter, compared to the consensus estimate of $826.60 million. During the same period last year, the business posted $1.98 EPS. The firm's revenue for the quarter was down 14.9% on a year-over-year basis. Analysts anticipate that Sylvamo Corporation will post 7.45 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SLVM shares. Zacks Research upgraded 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 company a "sector perform" rating in a research note on Monday, August 11th. Finally, Bank of America lowered their price objective on shares of Sylvamo from $67.00 to $64.00 and set an "underperform" rating for the company in a research report on Wednesday, July 9th. One equities 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 stock. According to MarketBeat.com, the stock has an average rating of "Reduce" and an average price target of $71.00.

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.