Tidal Investments LLC Buys 13,512 Shares of Sylvamo Co. (NYSE:SLVM)

Tidal Investments LLC boosted its position in Sylvamo Co. (NYSE:SLVM - Free Report) by 150.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 22,469 shares of the company's stock after purchasing an additional 13,512 shares during the period. Tidal Investments LLC owned about 0.05% of Sylvamo worth $1,929,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. CWM LLC boosted its stake in shares of Sylvamo by 62.5% during the 2nd quarter. CWM LLC now owns 408 shares of the company's stock worth $28,000 after acquiring an additional 157 shares during the period. Independence Bank of Kentucky boosted its position in Sylvamo by 6,733.3% during the second quarter. Independence Bank of Kentucky now owns 410 shares of the company's stock worth $28,000 after purchasing an additional 404 shares during the period. Fifth Third Bancorp increased its holdings in shares of Sylvamo by 149.3% in the second quarter. Fifth Third Bancorp now owns 506 shares of the company's stock valued at $35,000 after purchasing an additional 303 shares during the last quarter. Fortitude Family Office LLC raised its position in shares of 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. Finally, GAMMA Investing LLC lifted its stake in shares of Sylvamo by 59.0% during the 3rd quarter. GAMMA Investing LLC now owns 461 shares of the company's stock worth $40,000 after buying an additional 171 shares during the last quarter. Institutional investors own 91.16% of the company's stock.

Sylvamo Stock Performance

Sylvamo stock traded down $1.90 during midday trading on Tuesday, hitting $86.23. The company's stock had a trading volume of 272,586 shares, compared to its average volume of 308,825. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.72 and a quick ratio of 1.13. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 2.92 and a beta of 1.08. Sylvamo Co. has a 1-year low of $44.94 and a 1-year high of $98.02. The company has a 50-day moving average price of $87.89 and a two-hundred day moving average price of $78.82.

Sylvamo (NYSE:SLVM - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The company reported $2.44 earnings per share for the quarter, beating analysts' consensus estimates of $2.18 by $0.26. Sylvamo had a net margin of 7.13% and a return on equity of 30.60%. The company had revenue of $965.00 million during the quarter, compared to the consensus estimate of $960.47 million. During the same period in the previous year, the business earned $1.70 earnings per share. The firm's quarterly revenue was up 7.6% on a year-over-year basis. As a group, sell-side analysts predict that Sylvamo Co. will post 7.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SLVM. Bank of America reiterated an "underperform" rating and issued a $96.00 price target on shares of Sylvamo in a research note on Wednesday, December 11th. Sidoti began coverage on Sylvamo in a research note on Tuesday, October 15th. They set a "buy" rating and a $100.00 target price on the stock.

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.