7,400 Shares in Sylvamo Corporation $SLVM Acquired by Versor Investments LP

Key Points

• Versor Investments LP acquired 7,400 shares of Sylvamo Corporation, valued at approximately $496,000, indicating growing institutional interest in the company.
• Sylvamo's stock has a market cap of $1.75 billion with a current P/E ratio of 8.27, despite recent earnings that missed consensus estimates.
• Analysts have set various ratings for Sylvamo, with most consensus leaning towards a "Reduce" and a target price of $71.00, reflecting cautious sentiment in the market.

Versor Investments LP purchased a new stake in shares of Sylvamo Corporation (NYSE:SLVM - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 7,400 shares of the company's stock, valued at approximately $496,000.

Other hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in Sylvamo by 1.6% during the 1st quarter. Principal Financial Group Inc. now owns 185,620 shares of the company's stock valued at $12,450,000 after purchasing an additional 2,958 shares during the last quarter. CWA Asset Management Group LLC boosted its stake 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 last quarter. Deutsche Bank AG boosted its stake in 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 acquired a new position in Sylvamo during the 4th quarter valued at about $372,000. Finally, Victory Capital Management Inc. boosted its stake in 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 and hedge funds own 91.16% of the company's stock.

Sylvamo Stock Performance

Shares of Sylvamo stock traded up $2.91 during mid-day trading on Friday, hitting $44.49. 557,529 shares of the stock were exchanged, compared to its average volume of 458,591. Sylvamo Corporation has a 12 month low of $37.51 and a 12 month high of $98.02. The company has a 50-day simple moving average of $48.48 and a 200 day simple moving average of $57.40. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.91 and a current ratio of 1.54. The company has a market capitalization of $1.80 billion, a P/E ratio of 8.51, a P/E/G ratio of 2.50 and a beta of 1.00.

Sylvamo (NYSE:SLVM - Get Free Report) last posted its quarterly earnings results on Friday, August 8th. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.10). The company had revenue of $794.00 million during the quarter, compared to the consensus estimate of $826.60 million. Sylvamo had a return on equity of 23.99% and a net margin of 6.11%.The company's revenue for the quarter was down 14.9% compared to the same quarter last year. During the same period last year, the firm posted $1.98 EPS. Sell-side analysts anticipate that Sylvamo Corporation will post 7.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Zacks Research upgraded Sylvamo to a "strong sell" rating in a research note on Monday, August 11th. Royal Bank Of Canada set a $49.00 price target on Sylvamo and gave the company a "sector perform" rating in a research note on Monday, August 11th. Finally, Bank of America dropped their target price on shares of Sylvamo from $67.00 to $64.00 and set an "underperform" rating on the stock in a research report on Wednesday, July 9th. One research 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. According to MarketBeat.com, Sylvamo has an average rating of "Reduce" and a consensus price target 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.