Fmr LLC grew its stake in Fibria Celulose SA (NYSE:FBR) by 8.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 5,240,200 shares of the basic materials company’s stock after purchasing an additional 413,700 shares during the period. Fmr LLC’s holdings in Fibria Celulose were worth $97,415,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Segall Bryant & Hamill LLC acquired a new position in shares of Fibria Celulose in the 2nd quarter valued at $257,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Fibria Celulose during the 2nd quarter worth $363,000. Bailard Inc. acquired a new stake in Fibria Celulose during the 2nd quarter worth $372,000. Verition Fund Management LLC boosted its stake in Fibria Celulose by 70.8% during the 2nd quarter. Verition Fund Management LLC now owns 24,371 shares of the basic materials company’s stock worth $453,000 after purchasing an additional 10,102 shares during the period. Finally, UBS Group AG boosted its stake in Fibria Celulose by 193.1% during the 1st quarter. UBS Group AG now owns 27,939 shares of the basic materials company’s stock worth $545,000 after purchasing an additional 18,406 shares during the period. Institutional investors and hedge funds own 6.87% of the company’s stock.
A number of brokerages recently weighed in on FBR. Citigroup set a $22.00 price target on shares of Fibria Celulose and gave the stock a “hold” rating in a research note on Monday, November 5th. Zacks Investment Research cut shares of Fibria Celulose from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. ValuEngine upgraded shares of Fibria Celulose from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. Finally, FBR & Co cut shares of Fibria Celulose from an “outperform” rating to a “neutral” rating in a research note on Wednesday, September 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $21.42.
Shares of NYSE:FBR opened at $18.66 on Friday. The firm has a market cap of $10.51 billion, a P/E ratio of 20.62 and a beta of -0.20. The company has a quick ratio of 1.94, a current ratio of 2.39 and a debt-to-equity ratio of 1.18. Fibria Celulose SA has a 1-year low of $13.34 and a 1-year high of $22.05.
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About Fibria Celulose
Fibria Celulose SA produces, sells, and exports short fiber pulp in Brazil and internationally. It manufactures and sells bleached eucalyptus kraft pulp. The company has approximately 1,056,000 hectares of forest base in the states of São Paulo, Minas Gerais, Rio de Janeiro, Espírito Santo, Mato Grosso do Sul, and Bahia.
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