Morgan Stanley reduced its stake in Fibria Celulose S.A. (NYSE:FBR) by 48.2% during the first quarter, Holdings Channel reports. The institutional investor owned 500,494 shares of the basic materials company’s stock after selling 466,355 shares during the period. Morgan Stanley’s holdings in Fibria Celulose were worth $4,574,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Virtu Financial LLC bought a new stake in shares of Fibria Celulose during the first quarter valued at about $113,000. Advisory Services Network LLC bought a new stake in shares of Fibria Celulose during the first quarter valued at about $1,010,000. Comerica Bank boosted its stake in shares of Fibria Celulose by 1.3% in the first quarter. Comerica Bank now owns 31,760 shares of the basic materials company’s stock valued at $291,000 after buying an additional 413 shares in the last quarter. World Asset Management Inc boosted its stake in shares of Fibria Celulose by 1.6% in the first quarter. World Asset Management Inc now owns 34,474 shares of the basic materials company’s stock valued at $315,000 after buying an additional 537 shares in the last quarter. Finally, Teza Capital Management LLC bought a new stake in shares of Fibria Celulose during the first quarter valued at about $151,000. Institutional investors own 6.14% of the company’s stock.

Shares of Fibria Celulose S.A. (NYSE:FBR) traded up 3.55% during mid-day trading on Friday, hitting $11.38. 477,444 shares of the stock traded hands. The firm has a 50 day moving average of $10.48 and a 200 day moving average of $9.72. The stock’s market cap is $6.34 billion. Fibria Celulose S.A. has a 12 month low of $6.18 and a 12 month high of $11.95.

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Several research firms have weighed in on FBR. Zacks Investment Research upgraded shares of Fibria Celulose from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Monday, June 5th. ValuEngine downgraded shares of Fibria Celulose from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. J P Morgan Chase & Co upgraded shares of Fibria Celulose from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $10.00 to $13.50 in a research report on Wednesday, June 14th. BidaskClub downgraded shares of Fibria Celulose from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. Finally, TheStreet downgraded shares of Fibria Celulose from a “c” rating to a “d+” rating in a research report on Wednesday, July 26th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $12.75.

Fibria Celulose Company Profile

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

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