Two Sigma Investments LP Invests $994,000 in Sylvamo Co. (NYSE:SLVM)

Two Sigma Investments LP purchased a new stake in Sylvamo Co. (NYSE:SLVM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 12,582 shares of the company's stock, valued at approximately $994,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Trust Advisors LP raised its stake in Sylvamo by 39.7% in the fourth quarter. First Trust Advisors LP now owns 1,177,493 shares of the company's stock valued at $93,045,000 after buying an additional 334,792 shares in the last quarter. American Century Companies Inc. raised its holdings in Sylvamo by 15.2% during the fourth quarter. American Century Companies Inc. now owns 1,016,064 shares of the company's stock worth $80,289,000 after purchasing an additional 134,066 shares in the last quarter. Millennium Management LLC lifted its position in shares of Sylvamo by 185.1% during the 4th quarter. Millennium Management LLC now owns 144,431 shares of the company's stock worth $11,413,000 after buying an additional 93,767 shares during the last quarter. Norges Bank purchased a new stake in shares of Sylvamo during the 4th quarter worth approximately $6,505,000. Finally, Invesco Ltd. boosted its holdings in shares of Sylvamo by 27.5% in the 4th quarter. Invesco Ltd. now owns 375,231 shares of the company's stock valued at $29,651,000 after buying an additional 80,895 shares in the last quarter. Hedge funds and other institutional investors own 91.16% of the company's stock.

Sylvamo Stock Performance

NYSE:SLVM traded down $0.05 during mid-day trading on Monday, reaching $53.77. 239,419 shares of the stock were exchanged, compared to its average volume of 333,770. The stock has a market capitalization of $2.19 billion, a P/E ratio of 7.46, a P/E/G ratio of 2.23 and a beta of 1.07. Sylvamo Co. has a 1 year low of $51.55 and a 1 year high of $98.02. The company has a 50 day simple moving average of $57.75 and a 200-day simple moving average of $70.40. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.92.

Sylvamo (NYSE:SLVM - Get Free Report) last announced its earnings results on Friday, May 9th. The company reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.02). The business had revenue of $821.00 million during the quarter, compared to analyst estimates of $819.61 million. Sylvamo had a net margin of 7.96% and a return on equity of 34.72%. The business's revenue was down 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.07 earnings per share. Analysts anticipate that Sylvamo Co. will post 7.45 earnings per share for the current fiscal year.

Sylvamo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Tuesday, July 8th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.35%. Sylvamo's payout ratio is 26.32%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada cut their price target on shares of Sylvamo from $70.00 to $61.00 and set a "sector perform" rating on the stock in a research note on Monday, May 12th.

Insider Transactions at Sylvamo

In other news, CEO Jeanmichel Ribieras sold 21,250 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $65.14, for a total transaction of $1,384,225.00. Following the completion of the sale, the chief executive officer now owns 131,894 shares in the company, valued at $8,591,575.16. This represents a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.74% of the company's stock.

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.