Nuveen LLC Makes New $6.37 Million Investment in Sylvamo Corporation $SLVM

Nuveen LLC acquired a new stake in Sylvamo Corporation (NYSE:SLVM) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 94,989 shares of the company’s stock, valued at approximately $6,371,000. Nuveen LLC owned approximately 0.23% of Sylvamo at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. First Citizens Bank & Trust Co. acquired a new stake in shares of Sylvamo in the first quarter valued at $200,000. James Investment Research Inc. acquired a new stake in shares of Sylvamo in the first quarter valued at $251,000. NDVR Inc. raised its stake in shares of Sylvamo by 9.2% in the fourth quarter. NDVR Inc. now owns 3,196 shares of the company’s stock valued at $253,000 after acquiring an additional 268 shares in the last quarter. Corton Capital Inc. acquired a new stake in shares of Sylvamo in the fourth quarter valued at $258,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Sylvamo in the first quarter valued at $263,000. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SLVM. Royal Bank Of Canada set a $49.00 price objective on Sylvamo and gave the company a “sector perform” rating in a research note on Monday, August 11th. Bank of America reduced their price objective on Sylvamo from $67.00 to $64.00 and set an “underperform” rating on the stock in a research note on Wednesday, July 9th. Finally, Zacks Research raised Sylvamo to a “strong sell” rating in a report on Monday, August 11th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $71.00.

Sylvamo Trading Up 0.3%

SLVM opened at $44.73 on Tuesday. Sylvamo Corporation has a one year low of $37.51 and a one year high of $98.02. The company has a market cap of $1.81 billion, a P/E ratio of 8.55, a PEG ratio of 2.50 and a beta of 1.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.91 and a current ratio of 1.54. The business’s 50-day simple moving average is $48.34 and its 200-day simple moving average is $57.03.

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

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.