Profund Advisors LLC purchased a new stake in shares of Fibria Celulose S.A. (NYSE:FBR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 25,517 shares of the basic materials company’s stock, valued at approximately $259,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Airain ltd acquired a new stake in Fibria Celulose during the second quarter valued at $1,458,000. Vanguard Group Inc. grew its position in Fibria Celulose by 9.1% during the first quarter. Vanguard Group Inc. now owns 1,430,221 shares of the basic materials company’s stock valued at $13,072,000 after buying an additional 118,800 shares during the period. Thomas White International Ltd. grew its position in Fibria Celulose by 10.1% during the second quarter. Thomas White International Ltd. now owns 155,638 shares of the basic materials company’s stock valued at $1,581,000 after buying an additional 14,267 shares during the period. Mizuho Securities USA LLC acquired a new stake in Fibria Celulose during the second quarter valued at $770,000. Finally, Goldman Sachs Group Inc. grew its position in Fibria Celulose by 124.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,159,422 shares of the basic materials company’s stock valued at $10,597,000 after buying an additional 642,400 shares during the period. Institutional investors own 7.11% of the company’s stock.
Several analysts recently commented on FBR shares. BidaskClub upgraded shares of Fibria Celulose from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Fibria Celulose from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Tuesday, September 26th. Citigroup Inc. upgraded shares of Fibria Celulose from a “neutral” rating to a “buy” rating in a research report on Monday, August 14th. J P Morgan Chase & Co upgraded shares of Fibria Celulose from a “neutral” rating to an “overweight” rating and raised their price target for the company from $10.00 to $13.50 in a research report on Wednesday, June 14th. Finally, TheStreet lowered shares of Fibria Celulose from a “c” rating to a “d+” rating in a research report on Wednesday, July 26th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $13.75.
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Fibria Celulose S.A. (FBR) opened at 15.89 on Thursday. The firm’s 50-day moving average is $13.53 and its 200 day moving average is $11.07. The stock’s market capitalization is $8.79 billion. Fibria Celulose S.A. has a 12-month low of $7.12 and a 12-month high of $15.96.
Fibria Celulose Profile
Fibria Celulose SA (Fibria) is a forestry company, which is engaged in the production of eucalyptus pulp. The Company is engaged in the production and sale of short fiber pulp from its pulp production facilities located in the cities of Aracruz (State of Espirito Santo), Tres Lagoas (State of Mato Grosso do Sul), Jacarei (State of Sao Paulo) and Eunapolis (State of Bahia).
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