Trexquant Investment LP Increases Stake 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 raised its stake in shares of Sylvamo Corporation (NYSE:SLVM - Free Report) by 130.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 64,846 shares of the company's stock after acquiring an additional 36,764 shares during the period. Trexquant Investment LP owned approximately 0.16% of Sylvamo worth $4,349,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of SLVM. B. Metzler seel. Sohn & Co. AG bought a new position in shares of Sylvamo in the 1st quarter worth approximately $1,158,000. Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Sylvamo in the 1st quarter worth approximately $691,000. Jane Street Group LLC lifted its stake in shares of Sylvamo by 248.4% in the 1st quarter. Jane Street Group LLC now owns 174,648 shares of the company's stock worth $11,714,000 after purchasing an additional 124,521 shares during the period. Jump Financial LLC lifted its stake in shares of Sylvamo by 255.9% in the 1st quarter. Jump Financial LLC now owns 38,285 shares of the company's stock worth $2,568,000 after purchasing an additional 27,528 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Sylvamo by 4.2% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 90,820 shares of the company's stock worth $6,091,000 after purchasing an additional 3,680 shares during the period. Institutional investors own 91.16% of the company's stock.

Sylvamo Stock Performance

Sylvamo stock traded up $0.47 during midday trading on Thursday, hitting $44.55. The stock had a trading volume of 275,357 shares, compared to its average volume of 364,135. The firm's fifty day moving average is $47.63 and its two-hundred day moving average is $55.90. The company has a market capitalization of $1.80 billion, a PE ratio of 8.52, a P/E/G ratio of 2.59 and a beta of 1.00. Sylvamo Corporation has a 52-week low of $37.51 and a 52-week high of $98.02. The company has a current ratio of 1.54, a quick ratio of 0.91 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 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 company had revenue of $794.00 million for the quarter, compared to analysts' expectations of $826.60 million. During the same period last year, the business earned $1.98 earnings per share. The company's quarterly revenue was down 14.9% compared to the same quarter last year. On average, research analysts forecast that Sylvamo Corporation will post 7.45 EPS for the current year.

Analyst Ratings Changes

SLVM has been the topic of several recent research reports. Royal Bank Of Canada set a $49.00 price objective on shares of Sylvamo and gave the stock a "sector perform" rating in a research note on Monday, August 11th. Bank of America lowered their price objective on shares of Sylvamo from $67.00 to $64.00 and set an "underperform" rating on the stock in a research note on Wednesday, July 9th. Finally, Zacks Research upgraded shares of Sylvamo to a "strong sell" rating in a research note on Monday, August 11th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus 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.