Denali Advisors LLC Reduces Holdings in Sylvamo Co. (NYSE:SLVM)

Denali Advisors LLC cut its stake in Sylvamo Co. (NYSE:SLVM) by 81.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,300 shares of the company’s stock after selling 74,500 shares during the period. Denali Advisors LLC’s holdings in Sylvamo were worth $1,367,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Private Advisor Group LLC acquired a new stake in shares of Sylvamo during the third quarter worth about $234,000. International Assets Investment Management LLC raised its stake in Sylvamo by 6,693.0% during 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 last quarter. Fortitude Family Office LLC lifted its position in Sylvamo by 116.6% during the 3rd quarter. Fortitude Family Office LLC now owns 444 shares of the company’s stock worth $38,000 after acquiring an additional 239 shares during the period. Capital Advisors Inc. OK purchased a new position in shares of Sylvamo in the 3rd quarter valued at approximately $201,000. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Sylvamo by 724.1% in the third quarter. Janney Montgomery Scott LLC now owns 37,505 shares of the company’s stock valued at $3,220,000 after purchasing an additional 32,954 shares during the period. Institutional investors and hedge funds own 91.16% of the company’s stock.

Sylvamo Stock Up 1.1 %

SLVM opened at $70.32 on Thursday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.56 and a quick ratio of 1.03. Sylvamo Co. has a 12 month low of $56.20 and a 12 month high of $98.02. The stock has a market capitalization of $2.88 billion, a P/E ratio of 9.75, a P/E/G ratio of 2.23 and a beta of 1.12. The business has a 50 day simple moving average of $77.24 and a 200-day simple moving average of $81.52.

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

Sylvamo Announces Dividend

The business 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. The ex-dividend date is Tuesday, April 8th. This represents a $1.80 annualized dividend and a yield of 2.56%. Sylvamo’s payout ratio is currently 24.97%.

Analyst Upgrades and Downgrades

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

Sylvamo 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.