HighTower Advisors LLC Acquires 15,247 Shares of Sylvamo Co. (NYSE:SLVM)

HighTower Advisors LLC raised its position in Sylvamo Co. (NYSE:SLVM - Free Report) by 473.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CWM LLC grew its stake in Sylvamo by 62.5% in the 2nd quarter. CWM LLC now owns 408 shares of the company's stock valued at $28,000 after acquiring an additional 157 shares during the period. Independence Bank of Kentucky grew its stake in shares of Sylvamo by 6,733.3% in the 2nd quarter. Independence Bank of Kentucky now owns 410 shares of the company's stock valued at $28,000 after buying an additional 404 shares during the period. Fortitude Family Office LLC raised its position 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 period. GAMMA Investing LLC lifted its position 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 buying an additional 171 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Sylvamo by 149.3% during the 2nd quarter. Fifth Third Bancorp now owns 506 shares of the company's stock worth $35,000 after purchasing an additional 303 shares during the period. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Sylvamo Price Performance

SLVM stock traded up $0.22 during trading on Monday, hitting $87.99. The company had a trading volume of 225,427 shares, compared to its average volume of 308,975. Sylvamo Co. has a fifty-two week low of $44.94 and a fifty-two week high of $98.02. The company has a current ratio of 1.72, a quick ratio of 1.13 and a debt-to-equity ratio of 0.94. The business has a 50 day moving average of $87.78 and a 200 day moving average of $78.70. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 13.65, a P/E/G ratio of 2.92 and a beta of 1.08.

Sylvamo (NYSE:SLVM - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported $2.44 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $960.47 million. During the same quarter in the previous year, the business earned $1.70 EPS. Sylvamo's quarterly revenue was up 7.6% compared to the same quarter last year. As a group, research analysts predict that Sylvamo Co. will post 7.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SLVM shares. Sidoti initiated coverage on Sylvamo in a report on Tuesday, October 15th. They issued a "buy" rating and a $100.00 target price on the stock. Bank of America reaffirmed an "underperform" rating and issued a $96.00 target price on shares of Sylvamo in a research note on Wednesday, December 11th.

About Sylvamo

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.