Sylvamo Co. (NYSE:SLVM) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC lifted its position in Sylvamo Co. (NYSE:SLVM) by 473.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,467 shares of the company’s stock after acquiring an additional 15,247 shares during the period. HighTower Advisors LLC’s holdings in Sylvamo were worth $1,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Independence Bank of Kentucky increased its holdings in shares of Sylvamo by 6,733.3% in the second quarter. Independence Bank of Kentucky now owns 410 shares of the company’s stock valued at $28,000 after purchasing an additional 404 shares during the period. CWM LLC increased its holdings in Sylvamo by 62.5% in the 2nd quarter. CWM LLC now owns 408 shares of the company’s stock worth $28,000 after buying an additional 157 shares during the period. Fifth Third Bancorp raised its position in Sylvamo by 149.3% during the 2nd quarter. Fifth Third Bancorp now owns 506 shares of the company’s stock worth $35,000 after buying an additional 303 shares during the last quarter. Fortitude Family Office LLC lifted its stake in Sylvamo by 116.6% during the 3rd quarter. Fortitude Family Office LLC now owns 444 shares of the company’s stock valued at $38,000 after acquiring an additional 239 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Sylvamo by 59.0% in the 3rd quarter. GAMMA Investing LLC now owns 461 shares of the company’s stock valued at $40,000 after acquiring an additional 171 shares during the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Sylvamo Stock Performance

SLVM opened at $87.77 on Monday. The stock has a market cap of $3.60 billion, a P/E ratio of 13.65, a P/E/G ratio of 2.92 and a beta of 1.08. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.72 and a quick ratio of 1.13. The firm has a fifty day moving average price of $87.78 and a 200 day moving average price of $78.70. Sylvamo Co. has a 1 year low of $44.94 and a 1 year high of $98.02.

Sylvamo (NYSE:SLVM) last posted its earnings results on Tuesday, November 12th. The company reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.26. Sylvamo had a net margin of 7.13% and a return on equity of 30.60%. The business had revenue of $965.00 million for the quarter, compared to analyst estimates of $960.47 million. During the same period in the prior year, the company posted $1.70 EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. Equities research analysts anticipate that Sylvamo Co. will post 7.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SLVM shares. Sidoti began coverage on shares of Sylvamo in a research report on Tuesday, October 15th. They set a “buy” rating and a $100.00 target price for the company. Bank of America reissued an “underperform” rating and issued a $96.00 price objective on shares of Sylvamo in a report on Wednesday, December 11th.

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.