Bank of New York Mellon Corp reduced its position in Fibria Celulose S.A. (NYSE:FBR) by 31.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,952,896 shares of the basic materials company’s stock after selling 886,025 shares during the period. Bank of New York Mellon Corp’s holdings in Fibria Celulose were worth $17,850,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Advisory Services Network LLC purchased a new stake in shares of Fibria Celulose during the first quarter worth about $1,010,000. Virtu Financial LLC purchased a new stake in shares of Fibria Celulose during the first quarter worth about $113,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Fibria Celulose during the fourth quarter worth about $105,000. Guggenheim Capital LLC raised its stake in shares of Fibria Celulose by 7.0% in the fourth quarter. Guggenheim Capital LLC now owns 322,649 shares of the basic materials company’s stock worth $3,100,000 after buying an additional 21,139 shares in the last quarter. Finally, FMR LLC purchased a new stake in shares of Fibria Celulose during the fourth quarter worth about $47,111,000. 6.15% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Fibria Celulose (NYSE:FBR)

Fibria Celulose S.A. (NYSE:FBR) opened at 11.27 on Monday. The firm has a market cap of $6.24 billion, a price-to-earnings ratio of 20.27 and a beta of 0.09. Fibria Celulose S.A. has a 1-year low of $5.79 and a 1-year high of $11.95. The firm’s 50-day moving average price is $10.33 and its 200-day moving average price is $9.47.

Fibria Celulose (NYSE:FBR) last released its quarterly earnings results on Wednesday, April 26th. The basic materials company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.27 by $0.08. The company had revenue of $663.26 million for the quarter. Fibria Celulose had a return on equity of 7.04% and a net margin of 10.55%. On average, equities research analysts anticipate that Fibria Celulose S.A. will post $0.43 earnings per share for the current year.

The business also recently declared an annual dividend, which was paid on Thursday, May 25th. Shareholders of record on Friday, May 12th were given a dividend of $0.204 per share. The ex-dividend date was Wednesday, May 10th.

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A number of brokerages have recently issued reports on FBR. Zacks Investment Research raised Fibria Celulose from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Wednesday, June 14th. BidaskClub lowered Fibria Celulose from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. J P Morgan Chase & Co raised Fibria Celulose from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $10.00 to $13.50 in a research note on Wednesday, June 14th. ValuEngine lowered Fibria Celulose from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Credit Suisse Group raised Fibria Celulose from a “neutral” rating to an “outperform” rating in a research note on Friday, May 19th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $10.80.

About Fibria Celulose

Fibria Celulose SA (Fibria) is a forestry company, which is engaged in the production of eucalyptus pulp. The Company is engaged in the production and sale of short fiber pulp from its pulp production facilities located in the cities of Aracruz (State of Espirito Santo), Tres Lagoas (State of Mato Grosso do Sul), Jacarei (State of Sao Paulo) and Eunapolis (State of Bahia).

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