GSA Capital Partners LLP Has $506,000 Holdings in Sylvamo Co. (NYSE:SLVM)

GSA Capital Partners LLP decreased its position in Sylvamo Co. (NYSE:SLVM - Free Report) by 73.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,889 shares of the company's stock after selling 16,290 shares during the quarter. GSA Capital Partners LLP's holdings in Sylvamo were worth $506,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Bank of Montreal Can increased its stake in Sylvamo by 2.8% in the second quarter. Bank of Montreal Can now owns 5,666 shares of the company's stock valued at $389,000 after purchasing an additional 154 shares during the last quarter. CWM LLC increased its stake in Sylvamo by 62.5% in the second quarter. CWM LLC now owns 408 shares of the company's stock valued at $28,000 after purchasing an additional 157 shares during the last quarter. GAMMA Investing LLC increased its stake in Sylvamo by 59.0% in the third quarter. GAMMA Investing LLC now owns 461 shares of the company's stock valued at $40,000 after purchasing an additional 171 shares during the last quarter. SummerHaven Investment Management LLC increased its stake in Sylvamo by 1.3% in the second quarter. SummerHaven Investment Management LLC now owns 16,976 shares of the company's stock valued at $1,165,000 after purchasing an additional 216 shares during the last quarter. Finally, Fortitude Family Office LLC increased its stake in Sylvamo by 116.6% in the third quarter. Fortitude Family Office LLC now owns 444 shares of the company's stock valued at $38,000 after purchasing an additional 239 shares during the last quarter. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SLVM shares. Royal Bank of Canada raised their target price on shares of Sylvamo from $63.00 to $71.00 and gave the stock a "sector perform" rating in a research report on Monday, August 12th. Bank of America raised their target price on shares of Sylvamo from $82.00 to $88.00 and gave the stock a "neutral" rating in a research report on Monday, September 23rd. Finally, Sidoti started coverage on shares of Sylvamo in a research report on Tuesday, October 15th. They set a "buy" rating and a $100.00 target price on the stock.

Sylvamo Price Performance

Shares of NYSE:SLVM traded up $0.69 during midday trading on Wednesday, hitting $87.39. 212,379 shares of the stock were exchanged, compared to its average volume of 314,602. The stock has a market cap of $3.58 billion, a P/E ratio of 13.48 and a beta of 1.08. The company has a current ratio of 1.72, a quick ratio of 1.13 and a debt-to-equity ratio of 0.94. Sylvamo Co. has a twelve month low of $44.94 and a twelve month high of $98.02. The company has a 50 day moving average price of $84.43 and a 200-day moving average price of $75.98.

Sylvamo (NYSE:SLVM - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $2.44 EPS for the quarter, topping analysts' consensus estimates of $2.18 by $0.26. The firm had revenue of $965.00 million during the quarter, compared to analysts' expectations of $960.47 million. Sylvamo had a return on equity of 30.60% and a net margin of 7.13%. The firm's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.70 EPS. On average, research analysts forecast that Sylvamo Co. will post 7.07 earnings per share for the current year.

Sylvamo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, October 3rd were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date was Thursday, October 3rd. Sylvamo's dividend payout ratio (DPR) is presently 27.99%.

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.