Dynamic Technology Lab Private Ltd acquired a new stake in Fibria Celulose S.A. (NYSE:FBR) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 63,734 shares of the basic materials company’s stock, valued at approximately $647,000.
Other large investors have also made changes to their positions in the company. Quantbot Technologies LP bought a new position in Fibria Celulose in the 2nd quarter valued at $115,000. Two Sigma Securities LLC bought a new position in Fibria Celulose in the 1st quarter valued at $107,000. Cubist Systematic Strategies LLC bought a new position in Fibria Celulose in the 2nd quarter valued at $166,000. Tower Research Capital LLC TRC grew its stake in shares of Fibria Celulose by 6,485.4% during the 1st quarter. Tower Research Capital LLC TRC now owns 18,439 shares of the basic materials company’s stock worth $169,000 after acquiring an additional 18,159 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of Fibria Celulose by 82.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 19,337 shares of the basic materials company’s stock worth $196,000 after acquiring an additional 8,743 shares during the period. Hedge funds and other institutional investors own 7.10% of the company’s stock.
Several research analysts have recently weighed in on the company. BidaskClub upgraded Fibria Celulose from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Citigroup Inc. raised Fibria Celulose from a “neutral” rating to a “buy” rating in a report on Monday, August 14th. Zacks Investment Research cut Fibria Celulose from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. TheStreet cut Fibria Celulose from a “c” rating to a “d+” rating in a report on Wednesday, July 26th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $15.00 price objective on shares of Fibria Celulose in a report on Monday, October 23rd. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $14.17.
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Shares of Fibria Celulose S.A. (NYSE FBR) traded up 0.12% during trading on Friday, hitting $16.21. The company had a trading volume of 1,249,380 shares. The firm’s 50 day moving average is $14.38 and its 200-day moving average is $11.59. Fibria Celulose S.A. has a 52 week low of $7.49 and a 52 week high of $17.21. The stock’s market capitalization is $8.96 billion.
About Fibria Celulose
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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