AlphaQuest LLC Sells 10,450 Shares of Sylvamo Corporation $SLVM

AlphaQuest LLC decreased its position in Sylvamo Corporation (NYSE:SLVM) by 57.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,696 shares of the company’s stock after selling 10,450 shares during the period. AlphaQuest LLC’s holdings in Sylvamo were worth $340,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Versant Capital Management Inc lifted its holdings in Sylvamo by 328.3% during the third quarter. Versant Capital Management Inc now owns 681 shares of the company’s stock worth $30,000 after acquiring an additional 522 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Sylvamo by 185.5% in the second quarter. EverSource Wealth Advisors LLC now owns 982 shares of the company’s stock worth $49,000 after acquiring an additional 638 shares in the last quarter. Blue Trust Inc. raised its position in shares of Sylvamo by 54.0% during the second quarter. Blue Trust Inc. now owns 1,209 shares of the company’s stock worth $61,000 after purchasing an additional 424 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Sylvamo by 339.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,526 shares of the company’s stock valued at $177,000 after purchasing an additional 2,724 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Sylvamo by 28.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,567 shares of the company’s stock valued at $179,000 after purchasing an additional 794 shares during the period. Institutional investors and hedge funds own 91.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SLVM. Bank of America upgraded shares of Sylvamo from an “underperform” rating to a “buy” rating and raised their target price for the stock from $41.00 to $59.00 in a report on Monday, November 17th. Royal Bank Of Canada restated a “sector perform” rating and set a $53.00 price objective on shares of Sylvamo in a report on Thursday, December 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sylvamo in a research report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $56.00.

Sylvamo Price Performance

NYSE SLVM opened at $50.70 on Monday. The firm’s 50 day moving average is $49.56 and its 200-day moving average is $46.15. The company has a quick ratio of 0.85, a current ratio of 1.52 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $2.00 billion, a PE ratio of 11.60 and a beta of 0.95. Sylvamo Corporation has a 12-month low of $37.51 and a 12-month high of $78.50.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings results on Friday, November 7th. The company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.13). Sylvamo had a return on equity of 19.72% and a net margin of 5.25%.The business had revenue of $846.00 million for the quarter, compared to the consensus estimate of $840.32 million. During the same period last year, the firm earned $2.44 earnings per share. The company’s quarterly revenue was down 12.3% compared to the same quarter last year. Equities research analysts anticipate that Sylvamo Corporation will post 7.45 earnings per share for the current fiscal year.

Sylvamo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Monday, January 5th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 3.6%. The ex-dividend date was Monday, January 5th. Sylvamo’s dividend payout ratio is presently 41.19%.

Sylvamo Company Profile

Sylvamo Corporation, trading on the New York Stock Exchange under the ticker SLVM, is a leading global producer of uncoated freesheet paper. The company was established in October 2021 through a spin-off from International Paper, creating an independent entity focused exclusively on the development, manufacturing and marketing of high-quality uncoated paper products. Headquartered in Memphis, Tennessee, Sylvamo draws on decades of industry experience inherited from its predecessor, positioning itself to meet evolving customer needs in paper-based communications and packaging applications.

The company’s core product portfolio includes office and digital print papers, direct mail and marketing materials, catalog and commercial printing papers, and a range of specialty and value-added grades.