Sylvamo Corporation $SLVM Stock Holdings Increased by Vident Advisory LLC

Key Points

• Vident Advisory LLC increased its stake in Sylvamo Corporation by 30.7%, acquiring an additional 8,483 shares in the first quarter, bringing its total holdings to 36,118 shares valued at approximately $2.42 million.
• In the most recent quarterly earnings report, Sylvamo Corporation reported $0.37 earnings per share, missing expectations by $0.10, and a 14.9% year-over-year revenue decline.
• Analysts have mixed ratings for Sylvamo stock, with a majority advising to "Reduce" and price targets varying between $49 and $71, indicating uncertainty about the company's future performance.

Vident Advisory LLC grew its stake in shares of Sylvamo Corporation (NYSE:SLVM - Free Report) by 30.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,118 shares of the company's stock after buying an additional 8,483 shares during the period. Vident Advisory LLC owned 0.09% of Sylvamo worth $2,422,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Hsbc Holdings PLC raised its holdings in Sylvamo by 64.5% in the fourth quarter. Hsbc Holdings PLC now owns 7,823 shares of the company's stock valued at $619,000 after buying an additional 3,067 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Sylvamo by 10.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 25,052 shares of the company's stock valued at $1,980,000 after buying an additional 2,382 shares during the period. Voya Investment Management LLC raised its holdings in Sylvamo by 17.9% in the fourth quarter. Voya Investment Management LLC now owns 13,464 shares of the company's stock valued at $1,064,000 after buying an additional 2,041 shares during the period. Northern Trust Corp raised its holdings in Sylvamo by 6.9% in the fourth quarter. Northern Trust Corp now owns 403,900 shares of the company's stock valued at $31,916,000 after buying an additional 25,934 shares during the period. Finally, Jane Street Group LLC boosted its position in Sylvamo by 446.8% during the 4th quarter. Jane Street Group LLC now owns 50,127 shares of the company's stock worth $3,961,000 after purchasing an additional 40,959 shares during the period. 91.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SLVM has been the subject of a number of research reports. Zacks Research raised shares of Sylvamo to a "strong sell" rating in a research report on Monday, August 11th. Royal Bank Of Canada set a $49.00 target price on Sylvamo and gave the stock a "sector perform" rating in a research report on Monday, August 11th. Finally, Bank of America decreased their target price on Sylvamo from $67.00 to $64.00 and set an "underperform" rating for the company in a research report on Wednesday, July 9th. One investment 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's stock. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and an average price target of $71.00.

Sylvamo Stock Up 1.5%

Sylvamo stock traded up $0.67 during midday trading on Friday, hitting $45.33. 346,349 shares of the stock were exchanged, compared to its average volume of 516,013. Sylvamo Corporation has a 1 year low of $37.51 and a 1 year high of $98.02. The firm has a market cap of $1.83 billion, a P/E ratio of 8.67, a P/E/G ratio of 2.51 and a beta of 1.00. 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 company has a 50 day moving average price of $47.41 and a two-hundred day moving average price of $55.52.

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