Y Intercept Hong Kong Ltd Invests $971,000 in Sylvamo Co. (NYSE:SLVM)

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

A number of other hedge funds and other institutional investors have also made changes to their positions in SLVM. Pacer Advisors Inc. boosted its position in Sylvamo by 83,084.0% during the 3rd quarter. Pacer Advisors Inc. now owns 2,304,197 shares of the company’s stock worth $197,815,000 after acquiring an additional 2,301,427 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in shares of Sylvamo by 16.6% during 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 during the last quarter. International Assets Investment Management LLC grew its holdings in shares of 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 in the last quarter. Barclays PLC grew its holdings in shares of Sylvamo by 324.6% in 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 stake in shares of Sylvamo in the third quarter valued at about $3,046,000. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Sylvamo Trading Down 0.1 %

SLVM opened at $70.26 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.92. Sylvamo Co. has a twelve month low of $56.20 and a twelve month high of $98.02. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 9.75, a P/E/G ratio of 2.23 and a beta of 1.12. The company has a 50-day simple moving average of $77.06 and a 200 day simple moving average of $81.44.

Sylvamo (NYSE:SLVM) last released its earnings results on Wednesday, February 12th. The company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.10. Sylvamo had a return on equity of 34.72% and a net margin of 7.96%. Analysts predict that Sylvamo Co. will post 7.45 EPS for the current fiscal year.

Sylvamo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Tuesday, April 8th. Sylvamo’s dividend payout ratio (DPR) is 24.97%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Bank of America reiterated an “underperform” rating and set a $96.00 price objective on shares of Sylvamo in a research note on Wednesday, December 11th. Royal Bank of Canada cut their target price on shares of Sylvamo from $83.00 to $80.00 and set a “sector perform” rating for the company in a research note on Thursday, February 13th.

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.