Versor Investments LP Makes New Investment in Sylvamo Corporation $SLVM

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 bought a new stake in shares of Sylvamo Corporation (NYSE:SLVM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,400 shares of the company's stock, valued at approximately $496,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SLVM. MorganRosel Wealth Management LLC increased its stake in Sylvamo by 1.3% in the 1st quarter. MorganRosel Wealth Management LLC now owns 17,472 shares of the company's stock valued at $1,172,000 after buying an additional 223 shares during the period. NDVR Inc. grew its stake in shares of Sylvamo by 9.2% during the 4th quarter. NDVR Inc. now owns 3,196 shares of the company's stock worth $253,000 after purchasing an additional 268 shares during the period. Perigon Wealth Management LLC grew its stake in shares of Sylvamo by 3.6% during the 1st quarter. Perigon Wealth Management LLC now owns 9,233 shares of the company's stock worth $619,000 after purchasing an additional 323 shares during the period. RHS Financial LLC grew its stake in shares of Sylvamo by 9.1% during the 1st quarter. RHS Financial LLC now owns 4,095 shares of the company's stock worth $275,000 after purchasing an additional 343 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Sylvamo by 11.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,559 shares of the company's stock worth $360,000 after purchasing an additional 481 shares during the period. Hedge funds and other institutional investors own 91.16% of the company's stock.

Sylvamo Trading Down 0.3%

NYSE:SLVM traded down $0.13 on Tuesday, reaching $44.59. The stock had a trading volume of 713,302 shares, compared to its average volume of 483,069. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 8.53, a P/E/G ratio of 2.51 and a beta of 1.00. Sylvamo Corporation has a 12-month low of $37.51 and a 12-month high of $98.02. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.54 and a quick ratio of 0.91. The firm's fifty day moving average is $48.22 and its two-hundred day moving average is $56.94.

Sylvamo (NYSE:SLVM - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.10). Sylvamo had a return on equity of 23.99% and a net margin of 6.11%.The company 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 company earned $1.98 earnings per share. The company's revenue was down 14.9% on a year-over-year basis. Equities analysts expect that Sylvamo Corporation will post 7.45 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on SLVM shares. Zacks Research raised shares of Sylvamo to a "strong sell" rating in a research note on Monday, August 11th. Bank of America lowered their price target 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, Royal Bank Of Canada set a $49.00 price target on shares of Sylvamo and gave the stock a "sector perform" rating in a research note on Monday, August 11th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and an average price target of $71.00.

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.