21,000 Shares in Sylvamo Co. (NYSE:SLVM) Bought by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. acquired a new stake in Sylvamo Co. (NYSE:SLVM - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 21,000 shares of the company's stock, valued at approximately $1,659,000. Hussman Strategic Advisors Inc. owned about 0.05% of Sylvamo as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC boosted its holdings in Sylvamo by 116.6% in the 3rd quarter. Fortitude Family Office LLC now owns 444 shares of the company's stock worth $38,000 after buying an additional 239 shares during the period. GAMMA Investing LLC lifted its stake in Sylvamo by 43.6% in the 4th quarter. GAMMA Investing LLC now owns 662 shares of the company's stock worth $52,000 after purchasing an additional 201 shares in the last quarter. Fifth Third Bancorp lifted its stake in Sylvamo by 40.9% in the 4th quarter. Fifth Third Bancorp now owns 737 shares of the company's stock worth $58,000 after purchasing an additional 214 shares in the last quarter. LRI Investments LLC lifted its stake in Sylvamo by 4,825.0% in the 3rd quarter. LRI Investments LLC now owns 788 shares of the company's stock worth $66,000 after purchasing an additional 772 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Sylvamo in the 3rd quarter worth approximately $82,000. Hedge funds and other institutional investors own 91.16% of the company's stock.

Wall Street Analyst Weigh In

SLVM has been the topic of several recent analyst reports. Bank of America reiterated an "underperform" rating and issued a $96.00 target price on shares of Sylvamo in a research note 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 research note on Thursday, February 13th.

Sylvamo Price Performance

Shares of Sylvamo stock traded down $1.33 on Friday, hitting $68.33. 357,605 shares of the company traded hands, compared to its average volume of 244,244. The firm's 50-day simple moving average is $78.16 and its 200 day simple moving average is $81.43. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.92. The company has a market cap of $2.80 billion, a P/E ratio of 9.48, a P/E/G ratio of 2.23 and a beta of 1.12. Sylvamo Co. has a 12-month low of $54.59 and a 12-month high of $98.02.

Sylvamo (NYSE:SLVM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.10. Sylvamo had a net margin of 7.96% and a return on equity of 34.72%. Analysts expect that Sylvamo Co. will post 7.45 earnings per share for the current fiscal year.

Sylvamo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date is Tuesday, April 8th. Sylvamo's payout ratio is presently 24.97%.

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.