Catalina Capital Group LLC Boosts Stock Holdings in Sylvamo Co. (NYSE:SLVM)

Catalina Capital Group LLC boosted its position in Sylvamo Co. (NYSE:SLVM) by 46.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,201 shares of the company’s stock after purchasing an additional 1,340 shares during the period. Catalina Capital Group LLC’s holdings in Sylvamo were worth $332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in SLVM. Tidal Investments LLC increased its holdings in Sylvamo by 150.9% in the 3rd quarter. Tidal Investments LLC now owns 22,469 shares of the company’s stock worth $1,929,000 after acquiring an additional 13,512 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of Sylvamo by 473.5% in the third quarter. HighTower Advisors LLC now owns 18,467 shares of the company’s stock worth $1,587,000 after purchasing an additional 15,247 shares in the last quarter. Citigroup Inc. raised its position in shares of Sylvamo by 67.0% in the third quarter. Citigroup Inc. now owns 46,518 shares of the company’s stock valued at $3,994,000 after purchasing an additional 18,657 shares during the period. GAMMA Investing LLC lifted its stake in shares of Sylvamo by 43.6% during the 4th quarter. GAMMA Investing LLC now owns 662 shares of the company’s stock valued at $52,000 after buying an additional 201 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in Sylvamo by 6,693.0% in the 3rd quarter. International Assets Investment Management LLC now owns 69,085 shares of the company’s stock worth $5,931,000 after buying an additional 68,068 shares during the period. 91.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SLVM has been the topic of several recent research reports. Bank of America restated an “underperform” rating and set a $96.00 target price on shares of Sylvamo in a research report on Wednesday, December 11th. Sidoti started coverage on Sylvamo in a report on Tuesday, October 15th. They set a “buy” rating and a $100.00 price objective on the stock.

Sylvamo Stock Performance

NYSE SLVM opened at $77.75 on Tuesday. The company’s 50 day simple moving average is $83.29 and its two-hundred day simple moving average is $81.38. The stock has a market capitalization of $3.19 billion, a PE ratio of 12.09, a P/E/G ratio of 2.27 and a beta of 1.12. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.72 and a quick ratio of 1.13. Sylvamo Co. has a 1 year low of $44.94 and a 1 year high of $98.02.

Sylvamo (NYSE:SLVM) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.26. Sylvamo had a return on equity of 30.60% and a net margin of 7.13%. The company had revenue of $965.00 million during the quarter, compared to analyst estimates of $960.47 million. During the same quarter last year, the company earned $1.70 earnings per share. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. Analysts predict that Sylvamo Co. will post 7.15 earnings per share for the current fiscal year.

Sylvamo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Monday, January 6th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend was Monday, January 6th. Sylvamo’s dividend payout ratio is currently 27.99%.

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.