Sylvamo Co. (NYSE:SLVM) Short Interest Update

Sylvamo Co. (NYSE:SLVM - Get Free Report) saw a significant decline in short interest in March. As of March 31st, there was short interest totalling 823,600 shares, a decline of 19.3% from the March 15th total of 1,020,000 shares. Approximately 2.4% of the shares of the stock are short sold. Based on an average trading volume of 385,100 shares, the short-interest ratio is currently 2.1 days.

Insider Activity at Sylvamo

In related news, CEO Jeanmichel Ribieras sold 21,250 shares of the company's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $65.14, for a total value of $1,384,225.00. Following the completion of the transaction, the chief executive officer now directly owns 131,894 shares in the company, valued at approximately $8,591,575.16. The trade was a 13.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.74% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sylvamo

A number of institutional investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its holdings in shares of Sylvamo by 182.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 624 shares of the company's stock valued at $49,000 after buying an additional 403 shares during the period. GAMMA Investing LLC increased its position in Sylvamo by 43.6% during the fourth quarter. GAMMA Investing LLC now owns 662 shares of the company's stock valued at $52,000 after acquiring an additional 201 shares during the last quarter. Fifth Third Bancorp increased its position in Sylvamo by 40.9% during the fourth quarter. Fifth Third Bancorp now owns 737 shares of the company's stock valued at $58,000 after acquiring an additional 214 shares during the last quarter. Covestor Ltd increased its position in Sylvamo by 464.5% during the fourth quarter. Covestor Ltd now owns 779 shares of the company's stock valued at $62,000 after acquiring an additional 641 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Sylvamo during the third quarter valued at $82,000. Hedge funds and other institutional investors own 91.16% of the company's stock.

Sylvamo Stock Up 1.6 %

Shares of NYSE:SLVM traded up $0.96 during trading on Wednesday, reaching $60.76. 22,647 shares of the stock traded hands, compared to its average volume of 324,520. The stock has a 50-day moving average of $65.26 and a two-hundred day moving average of $77.32. Sylvamo has a 52-week low of $54.94 and a 52-week high of $98.02. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.03 and a current ratio of 1.56. The stock has a market cap of $2.47 billion, a P/E ratio of 8.43, a price-to-earnings-growth ratio of 2.23 and a beta of 1.17.

Sylvamo (NYSE:SLVM - Get Free Report) last posted its quarterly 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 net margin of 7.96% and a return on equity of 34.72%. As a group, sell-side analysts expect that Sylvamo will post 7.45 earnings per share for the current fiscal year.

Sylvamo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date is Tuesday, April 8th. Sylvamo's payout ratio is 24.97%.

Analyst Ratings Changes

Separately, Royal Bank of Canada decreased their price target on shares of Sylvamo from $83.00 to $80.00 and set a "sector perform" rating for the company in a research note on Thursday, February 13th.

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.