Y Intercept Hong Kong Ltd Makes New Investment in Sylvamo Co. (NYSE:SLVM)

Y Intercept Hong Kong Ltd bought a new stake in shares of Sylvamo Co. (NYSE:SLVM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,287 shares of the company’s stock, valued at approximately $971,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SLVM. Pacer Advisors Inc. increased its stake in shares of Sylvamo by 83,084.0% in the third quarter. Pacer Advisors Inc. now owns 2,304,197 shares of the company’s stock valued at $197,815,000 after purchasing an additional 2,301,427 shares during the period. Allianz Asset Management GmbH grew its holdings in Sylvamo by 16.6% in the 4th quarter. Allianz Asset Management GmbH now owns 507,965 shares of the company’s stock worth $40,139,000 after buying an additional 72,226 shares in the last quarter. International Assets Investment Management LLC increased its position 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 valued at $5,931,000 after acquiring an additional 68,068 shares during the period. Barclays PLC raised its stake in Sylvamo by 324.6% during the 3rd quarter. Barclays PLC now owns 62,435 shares of the company’s stock valued at $5,360,000 after acquiring an additional 47,730 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new position in Sylvamo during the 3rd quarter worth $3,046,000. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Sylvamo Stock Performance

Shares of Sylvamo stock opened at $70.26 on Friday. The stock has a market cap of $2.88 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 2.23 and a beta of 1.12. Sylvamo Co. has a 12 month low of $56.20 and a 12 month high of $98.02. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.92. The business has a fifty day simple moving average of $77.06 and a 200-day simple moving average of $81.44.

Sylvamo (NYSE:SLVM) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.84 by $0.10. Sylvamo had a net margin of 7.96% and a return on equity of 34.72%. On average, sell-side analysts anticipate that Sylvamo Co. will post 7.45 EPS for the current fiscal year.

Sylvamo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.56%. The ex-dividend date is Tuesday, April 8th. Sylvamo’s payout ratio is 24.97%.

Wall Street Analyst Weigh In

SLVM has been the topic of a number of recent analyst reports. Bank of America restated an “underperform” rating and set a $96.00 price target on shares of Sylvamo in a research report on Wednesday, December 11th. Royal Bank of Canada dropped their target price on Sylvamo from $83.00 to $80.00 and set a “sector perform” rating on the stock in a report on Thursday, February 13th.

Sylvamo Company 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.