Dynamic Technology Lab Private Ltd lessened its holdings in shares of Fibria Celulose S.A. (NYSE:FBR) by 70.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 18,629 shares of the basic materials company’s stock after selling 45,105 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Fibria Celulose were worth $253,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Pictet Asset Management Ltd. grew its holdings in Fibria Celulose by 26.7% during the 3rd quarter. Pictet Asset Management Ltd. now owns 3,603,993 shares of the basic materials company’s stock worth $48,798,000 after acquiring an additional 759,939 shares during the period. First Trust Advisors LP acquired a new stake in Fibria Celulose during the 3rd quarter worth $213,000. Banco BTG Pactual S.A. acquired a new stake in Fibria Celulose during the 2nd quarter worth $27,875,000. Verition Fund Management LLC acquired a new stake in Fibria Celulose during the 2nd quarter worth $449,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Fibria Celulose by 1,120.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,608,750 shares of the basic materials company’s stock worth $36,665,000 after acquiring an additional 3,313,150 shares during the period. 7.11% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have commented on FBR shares. BidaskClub raised shares of Fibria Celulose from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Goldman Sachs Group reaffirmed a “neutral” rating and set a $15.00 target price on shares of Fibria Celulose in a report on Monday, October 23rd. Zacks Investment Research lowered shares of Fibria Celulose from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Citigroup raised shares of Fibria Celulose from a “neutral” rating to a “buy” rating in a report on Monday, August 14th. Finally, Credit Suisse Group reaffirmed a “neutral” rating on shares of Fibria Celulose in a report on Friday, December 1st. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $14.17.
Shares of Fibria Celulose S.A. (FBR) traded up $0.09 during midday trading on Wednesday, hitting $13.69. 1,675,100 shares of the stock were exchanged, compared to its average volume of 1,516,552. The company has a market capitalization of $7,533.52, a PE ratio of 33.17 and a beta of -0.12. Fibria Celulose S.A. has a 52 week low of $7.98 and a 52 week high of $17.21. The company has a current ratio of 1.96, a quick ratio of 1.55 and a debt-to-equity ratio of 1.20.
Fibria Celulose 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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