Trexquant Investment LP Raises Stock Holdings in Sylvamo Corporation $SLVM

Key Points

• Trexquant Investment LP has significantly increased its holdings in Sylvamo Corporation by 130.9%, owning approximately 64,846 shares worth about $4.35 million as of the last reporting period.
• Sylvamo reported a missed earnings estimate of $0.37 per share against the expected $0.47, with revenues down 14.9% year-over-year at $794 million for the most recent quarter.
• Wall Street has a largely negative outlook on Sylvamo, as analysts have downgraded their price targets and ratings, with a consensus recommendation of "Reduce" and an average price target of $71.00.

Trexquant Investment LP grew its position in Sylvamo Corporation (NYSE:SLVM - Free Report) by 130.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,846 shares of the company's stock after acquiring an additional 36,764 shares during the quarter. Trexquant Investment LP owned 0.16% of Sylvamo worth $4,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in Sylvamo by 1.6% in the 1st quarter. Principal Financial Group Inc. now owns 185,620 shares of the company's stock worth $12,450,000 after acquiring an additional 2,958 shares during the last quarter. CWA Asset Management Group LLC increased its position in shares of 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 last quarter. Deutsche Bank AG increased its position in shares of Sylvamo by 48.0% during 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 bought a new position in shares of Sylvamo during the 4th quarter valued at approximately $372,000. Finally, Victory Capital Management Inc. increased its position in shares of Sylvamo by 351.8% during the 1st quarter. Victory Capital Management Inc. now owns 166,844 shares of the company's stock valued at $11,190,000 after purchasing an additional 129,916 shares during the last quarter. Institutional investors own 91.16% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Royal Bank Of Canada set a $49.00 target price on Sylvamo and gave the company a "sector perform" rating in a research report on Monday, August 11th. Bank of America cut their target price on Sylvamo from $67.00 to $64.00 and set an "underperform" rating on the stock in a research report on Wednesday, July 9th. Finally, Zacks Research raised Sylvamo to a "strong sell" rating in a research report on Monday, August 11th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Sylvamo presently has a consensus rating of "Reduce" and a consensus price target of $71.00.

Sylvamo Trading Up 1.5%

SLVM traded up $0.67 during trading hours on Friday, reaching $45.33. 346,349 shares of the company's stock traded hands, compared to its average volume of 516,013. The firm has a 50-day moving average price of $47.41 and a 200 day moving average price of $55.41. Sylvamo Corporation has a 52-week low of $37.51 and a 52-week high of $98.02. The company has a quick ratio of 0.91, a current ratio of 1.54 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $1.83 billion, a PE ratio of 8.67, a PEG ratio of 2.55 and a beta of 1.00.

Sylvamo (NYSE:SLVM - Get Free Report) last posted its quarterly earnings data on Friday, August 8th. The company reported $0.37 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $826.60 million. During the same quarter in the previous year, the firm earned $1.98 EPS. Sylvamo's revenue was down 14.9% compared to the same quarter last year. As a group, sell-side analysts predict that Sylvamo Corporation will post 7.45 EPS for the current fiscal 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.