AlphaQuest LLC Increases Stock Holdings in Sylvamo Corporation $SLVM

AlphaQuest LLC increased its holdings in Sylvamo Corporation (NYSE:SLVM) by 556.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,146 shares of the company’s stock after acquiring an additional 15,382 shares during the quarter. AlphaQuest LLC’s holdings in Sylvamo were worth $909,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Sylvamo in the first quarter worth $61,000. Blue Trust Inc. lifted its stake in Sylvamo by 54.0% in the second quarter. Blue Trust Inc. now owns 1,209 shares of the company’s stock worth $61,000 after acquiring an additional 424 shares during the period. James Investment Research Inc. purchased a new stake in Sylvamo in the first quarter worth $251,000. Kapitalo Investimentos Ltda purchased a new stake in Sylvamo in the first quarter worth $263,000. Finally, Highland Capital Management LLC purchased a new stake in Sylvamo in the first quarter worth $268,000. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Analysts Set New Price Targets

SLVM has been the subject of a number of research reports. Zacks Research upgraded Sylvamo to a “strong sell” rating in a report on Monday, August 11th. Royal Bank Of Canada set a $49.00 price objective on Sylvamo and gave the stock a “sector perform” rating in a report on Monday, August 11th. Bank of America decreased their price objective on Sylvamo from $67.00 to $64.00 and set an “underperform” rating for the company in a report on Wednesday, July 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Sylvamo in a report on Friday. Two research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $56.50.

Sylvamo Price Performance

Shares of NYSE:SLVM opened at $42.85 on Monday. Sylvamo Corporation has a 1-year low of $37.51 and a 1-year high of $98.02. 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 business has a fifty day moving average price of $43.71 and a 200-day moving average price of $49.80. The company has a market capitalization of $1.73 billion, a PE ratio of 8.19 and a beta of 0.97.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings results on Friday, August 8th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.10). Sylvamo had a net margin of 6.11% and a return on equity of 23.99%. The company had revenue of $794.00 million for the quarter, compared to the consensus estimate of $826.60 million. During the same quarter in the previous year, the business earned $1.98 earnings per share. Sylvamo’s revenue was down 14.9% compared to the same quarter last year. As a group, equities analysts expect that Sylvamo Corporation will post 7.45 EPS for the current fiscal year.

Sylvamo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Friday, October 3rd were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.2%. The ex-dividend date was Friday, October 3rd. Sylvamo’s dividend payout ratio (DPR) is presently 34.42%.

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.