Global Thematic Partners LLC Has $27,339,000 Stake in Fibria Celulose SA (FBR)
Global Thematic Partners LLC raised its stake in shares of Fibria Celulose SA (NYSE:FBR) by 14.1% during the third quarter, Holdings Channel reports. The fund owned 3,866,794 shares of the company’s stock after buying an additional 476,476 shares during the period. Global Thematic Partners LLC’s holdings in Fibria Celulose SA were worth $27,339,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in FBR. Pictet Asset Management Ltd. increased its stake in shares of Fibria Celulose SA by 105.8% in the second quarter. Pictet Asset Management Ltd. now owns 4,556,162 shares of the company’s stock valued at $42,281,000 after buying an additional 2,342,769 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Fibria Celulose SA by 26.1% in the third quarter. Bank of New York Mellon Corp now owns 2,470,123 shares of the company’s stock worth $17,464,000 after buying an additional 511,841 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Fibria Celulose SA during the second quarter worth approximately $14,129,000. Vanguard Group Inc. increased its stake in Fibria Celulose SA by 1.0% in the second quarter. Vanguard Group Inc. now owns 1,296,853 shares of the company’s stock worth $8,767,000 after buying an additional 13,091 shares in the last quarter. Finally, State Street Corp increased its stake in Fibria Celulose SA by 2.2% in the second quarter. State Street Corp now owns 842,593 shares of the company’s stock worth $5,694,000 after buying an additional 18,486 shares in the last quarter. 6.95% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Fibria Celulose SA (NYSE:FBR) traded down 3.70% during trading on Wednesday, hitting $9.36. The company had a trading volume of 487,298 shares. Fibria Celulose SA has a 12-month low of $5.79 and a 12-month high of $13.89. The firm has a 50 day moving average of $7.93 and a 200 day moving average of $7.39. The stock has a market cap of $5.36 billion, a PE ratio of 6.61 and a beta of 0.44.
A number of analysts have recently commented on the company. Zacks Investment Research downgraded Fibria Celulose SA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 15th. Morgan Stanley raised Fibria Celulose SA from an “equal weight” rating to an “overweight” rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $21.07.
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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