Fibria Celulose SA (FBR) Stake Boosted by Fmr LLC

Fmr LLC lifted its stake in Fibria Celulose SA (NYSE:FBR) by 8.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,240,200 shares of the basic materials company’s stock after acquiring an additional 413,700 shares during the quarter. Fmr LLC owned 0.95% of Fibria Celulose worth $97,415,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Renaissance Technologies LLC increased its stake in Fibria Celulose by 22.2% during the 2nd quarter. Renaissance Technologies LLC now owns 6,758,128 shares of the basic materials company’s stock worth $125,634,000 after buying an additional 1,226,600 shares during the period. Russell Investments Group Ltd. increased its stake in Fibria Celulose by 268.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 732,800 shares of the basic materials company’s stock worth $13,668,000 after buying an additional 534,100 shares during the period. Standard Life Aberdeen plc purchased a new stake in Fibria Celulose during the 2nd quarter worth approximately $7,217,000. Sagil Capital LLP purchased a new stake in Fibria Celulose during the 2nd quarter worth approximately $6,023,000. Finally, BlackRock Inc. increased its stake in Fibria Celulose by 18.4% during the 2nd quarter. BlackRock Inc. now owns 1,675,856 shares of the basic materials company’s stock worth $31,154,000 after buying an additional 260,339 shares during the period. Hedge funds and other institutional investors own 6.87% of the company’s stock.

Several brokerages recently weighed in on FBR. Citigroup set a $22.00 target price on shares of Fibria Celulose and gave the stock a “hold” rating in a research note on Monday, November 5th. Zacks Investment Research downgraded shares of Fibria Celulose from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. ValuEngine raised shares of Fibria Celulose from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. Finally, FBR & Co downgraded shares of Fibria Celulose from an “outperform” rating to a “neutral” rating in a research note on Wednesday, September 12th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. Fibria Celulose presently has an average rating of “Hold” and an average target price of $21.42.

Shares of FBR opened at $18.66 on Friday. Fibria Celulose SA has a fifty-two week low of $13.34 and a fifty-two week high of $22.05. The company 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 current ratio of 2.39, a quick ratio of 1.94 and a debt-to-equity ratio of 1.18.

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Fibria Celulose Profile

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

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