Rokos Capital Management LLP Purchases New Holdings in Sylvamo Corporation $SLVM

Rokos Capital Management LLP acquired a new position in shares of Sylvamo Corporation (NYSE:SLVM) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 255,671 shares of the company’s stock, valued at approximately $10,802,000.

A number of other hedge funds have also recently made changes to their positions in the company. Royce & Associates LP raised its stake in Sylvamo by 8.6% during the fourth quarter. Royce & Associates LP now owns 464,401 shares of the company’s stock worth $22,361,000 after buying an additional 36,685 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Sylvamo by 9.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 645,135 shares of the company’s stock valued at $31,063,000 after purchasing an additional 56,393 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Sylvamo by 2,246.7% in the 4th quarter. SG Americas Securities LLC now owns 223,568 shares of the company’s stock worth $10,765,000 after acquiring an additional 214,041 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in Sylvamo by 297.9% during the 4th quarter. Bleakley Financial Group LLC now owns 40,421 shares of the company’s stock valued at $1,946,000 after acquiring an additional 30,263 shares in the last quarter. Finally, UBS Group AG boosted its holdings in Sylvamo by 172.0% during the fourth quarter. UBS Group AG now owns 338,414 shares of the company’s stock worth $16,295,000 after purchasing an additional 214,016 shares during the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Sylvamo

In related news, Director Lizanne M. Bruce sold 1,230 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $41.70, for a total value of $51,291.00. Following the completion of the sale, the director owned 14,475 shares in the company, valued at $603,607.50. The trade was a 7.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.81% of the company’s stock.

Sylvamo Stock Down 1.6%

Shares of NYSE:SLVM opened at $37.65 on Tuesday. The firm has a market capitalization of $1.50 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 0.85 and a beta of 0.87. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 1.45. Sylvamo Corporation has a 52-week low of $35.53 and a 52-week high of $56.80. The firm has a fifty day moving average of $38.78 and a 200 day moving average of $42.93.

Sylvamo (NYSE:SLVM) last released its quarterly earnings results on Friday, May 8th. The company reported ($0.53) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.28). Sylvamo had a net margin of 3.11% and a return on equity of 9.79%. The firm had revenue of $755.00 million for the quarter, compared to analysts’ expectations of $740.85 million. During the same quarter in the previous year, the business earned $0.68 EPS. The company’s revenue for the quarter was down 8.0% on a year-over-year basis. As a group, research analysts anticipate that Sylvamo Corporation will post 2.2 EPS for the current fiscal year.

Sylvamo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 28th. Investors of record on Tuesday, July 7th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Tuesday, July 7th. Sylvamo’s dividend payout ratio (DPR) is currently 71.15%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on SLVM shares. Weiss Ratings cut Sylvamo from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Bank of America restated a “neutral” rating and set a $45.00 price target on shares of Sylvamo in a research note on Tuesday, July 14th. Truist Financial reduced their target price on Sylvamo from $54.00 to $51.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. Royal Bank Of Canada decreased their price target on shares of Sylvamo from $49.00 to $46.00 and set a “sector perform” rating on the stock in a report on Friday, July 17th. Finally, Wall Street Zen downgraded shares of Sylvamo from a “hold” rating to a “sell” rating in a research note on Saturday. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $47.33.

About Sylvamo

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.