Advisory Services Network LLC Invests $186,000 in Fibria Celulose SA (FBR)
Advisory Services Network LLC acquired a new position in shares of Fibria Celulose SA (NYSE:FBR) during the second quarter, Holdings Channel reports. The fund acquired 27,546 shares of the company’s stock, valued at approximately $186,000.
A number of other large investors have also recently made changes to their positions in the stock. Royal Bank of Canada boosted its stake in shares of Fibria Celulose SA by 1,778.6% in the first quarter. Royal Bank of Canada now owns 13,150 shares of the company’s stock worth $111,000 after buying an additional 12,450 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new position in Fibria Celulose SA during the first quarter worth $228,000. Quadrature Capital Ltd bought a new position in Fibria Celulose SA during the first quarter worth $251,000. Barclays PLC raised its position in Fibria Celulose SA by 40,808.1% in the first quarter. Barclays PLC now owns 50,726 shares of the company’s stock worth $406,000 after buying an additional 50,602 shares during the last quarter. Finally, HBK Investments L P raised its position in Fibria Celulose SA by 66.6% in the first quarter. HBK Investments L P now owns 81,200 shares of the company’s stock worth $689,000 after buying an additional 32,451 shares during the last quarter. Institutional investors and hedge funds own 8.10% of the company’s stock.
Shares of Fibria Celulose SA (NYSE:FBR) traded up 0.84% on Monday, hitting $7.17. The stock had a trading volume of 648,011 shares. Fibria Celulose SA has a 52 week low of $5.79 and a 52 week high of $14.94. The firm has a 50-day moving average price of $6.95 and a 200-day moving average price of $7.63. The stock has a market capitalization of $3.98 billion, a P/E ratio of 6.33 and a beta of 0.70.
FBR has been the subject of a number of recent analyst reports. FBR & Co lowered Fibria Celulose SA from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 20th. Bank of America Corp. lowered Fibria Celulose SA from a “buy” rating to a “neutral” rating in a report on Thursday, July 21st. Zacks Investment Research lowered Fibria Celulose SA from a “hold” rating to a “sell” rating in a report on Monday, July 25th. Finally, Morgan Stanley lowered Fibria Celulose SA from an “overweight” rating to an “equal weight” rating and set a $6.90 target price for the company. in a report on Tuesday, July 26th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Fibria Celulose SA currently has an average rating of “Hold” and a consensus target price of $20.57.
About Fibria Celulose SA
Fibria Celulose SA (Fibria) is a Brazil-based pulp and paper producer. The Company’s activities are focused on the renewable and sustainable forests and the manufacture and sale of bleached eucalyptus kraft pulp. Forests in formation are located in the states of Sao Paulo, Mato Grosso do Sul, Minas Gerais, Rio de Janeiro, Espirito Santo, Bahia and Rio Grande do Sul.
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