Daiwa Securities Group Inc. raised its holdings in Fibria Celulose SA (NYSE:FBR) by 44.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 127,500 shares of the basic materials company’s stock after purchasing an additional 39,500 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Fibria Celulose were worth $1,874,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the business. American Trust Investment Advisors LLC boosted its holdings in shares of Fibria Celulose by 4.7% in the 4th quarter. American Trust Investment Advisors LLC now owns 91,360 shares of the basic materials company’s stock valued at $1,343,000 after purchasing an additional 4,090 shares in the last quarter. Harbour Capital Advisors LLC acquired a new stake in shares of Fibria Celulose in the 4th quarter valued at $246,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Fibria Celulose in the 3rd quarter valued at $733,000. Cubist Systematic Strategies LLC boosted its holdings in shares of Fibria Celulose by 197.5% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 48,684 shares of the basic materials company’s stock valued at $659,000 after purchasing an additional 32,321 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Fibria Celulose by 330,536.4% in the 3rd quarter. Wells Fargo & Company MN now owns 72,740 shares of the basic materials company’s stock valued at $985,000 after purchasing an additional 72,718 shares in the last quarter. 7.03% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have weighed in on FBR. Zacks Investment Research raised Fibria Celulose from a “hold” rating to a “strong-buy” rating and set a $19.00 target price on the stock in a report on Tuesday. Goldman Sachs Group reaffirmed a “sell” rating on shares of Fibria Celulose in a report on Wednesday, January 31st. ValuEngine downgraded Fibria Celulose from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Santander downgraded Fibria Celulose from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Credit Suisse Group reaffirmed a “neutral” rating on shares of Fibria Celulose in a report on Friday, December 1st. One analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. Fibria Celulose presently has a consensus rating of “Buy” and an average price target of $15.83.
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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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