EMC Capital Management Purchases New Holdings in Sylvamo Corporation $SLVM

EMC Capital Management purchased a new position in shares of Sylvamo Corporation (NYSE:SLVM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,679 shares of the company’s stock, valued at approximately $184,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Sylvamo by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 2,994,527 shares of the company’s stock valued at $200,843,000 after acquiring an additional 149,326 shares during the period. LSV Asset Management raised its stake in Sylvamo by 0.7% in the first quarter. LSV Asset Management now owns 1,804,055 shares of the company’s stock valued at $120,998,000 after purchasing an additional 12,371 shares in the last quarter. American Century Companies Inc. lifted its position in Sylvamo by 10.6% during the first quarter. American Century Companies Inc. now owns 1,123,686 shares of the company’s stock worth $75,366,000 after purchasing an additional 107,622 shares during the period. Geode Capital Management LLC grew its stake in Sylvamo by 0.7% during the second quarter. Geode Capital Management LLC now owns 985,834 shares of the company’s stock worth $49,396,000 after buying an additional 6,989 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its stake in Sylvamo by 6.8% during the first quarter. Allianz Asset Management GmbH now owns 542,288 shares of the company’s stock worth $36,371,000 after buying an additional 34,323 shares in the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SLVM shares. Bank of America raised shares of Sylvamo from an “underperform” rating to a “buy” rating and upped their price target for the stock from $41.00 to $59.00 in a report on Monday. Weiss Ratings restated a “hold (c)” rating on shares of Sylvamo in a research report on Wednesday, October 8th. Royal Bank Of Canada raised their target price on Sylvamo from $47.00 to $49.00 and gave the company a “sector perform” rating in a report on Monday, November 10th. Finally, Zacks Research raised Sylvamo to a “strong sell” rating in a report on Monday, August 11th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $54.00.

Sylvamo Price Performance

Shares of NYSE:SLVM opened at $45.17 on Wednesday. Sylvamo Corporation has a one year low of $37.51 and a one year high of $96.42. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.52 and a quick ratio of 0.85. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 10.34 and a beta of 0.96. The firm has a 50 day simple moving average of $43.26 and a 200 day simple moving average of $47.73.

Sylvamo (NYSE:SLVM) last announced its quarterly earnings results on Friday, November 7th. The company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.13). Sylvamo had a return on equity of 19.72% and a net margin of 5.25%.The company had revenue of $846.00 million for the quarter, compared to analyst estimates of $840.32 million. During the same quarter last year, the company posted $2.44 earnings per share. The firm’s quarterly revenue was down 12.3% on a year-over-year basis. Research analysts predict that Sylvamo Corporation will post 7.45 earnings per share for the current fiscal year.

Sylvamo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Friday, October 3rd were given a $0.45 dividend. The ex-dividend date was Friday, October 3rd. This represents a $1.80 annualized dividend and a yield of 4.0%. Sylvamo’s dividend payout ratio (DPR) is currently 41.19%.

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.