Trexquant Investment LP purchased a new position in Fibria Celulose S.A. (NYSE:FBR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 24,811 shares of the basic materials company’s stock, valued at approximately $252,000.

A number of other institutional investors have also recently bought and sold shares of the company. Comerica Bank increased its position in shares of Fibria Celulose by 1.3% in the first quarter. Comerica Bank now owns 31,760 shares of the basic materials company’s stock worth $291,000 after buying an additional 413 shares during the last quarter. World Asset Management Inc increased its position in shares of Fibria Celulose by 1.6% in the first quarter. World Asset Management Inc now owns 34,474 shares of the basic materials company’s stock worth $315,000 after buying an additional 537 shares during the last quarter. Aperio Group LLC increased its position in shares of Fibria Celulose by 3.9% in the second quarter. Aperio Group LLC now owns 47,876 shares of the basic materials company’s stock worth $486,000 after buying an additional 1,805 shares during the last quarter. Two Sigma Securities LLC bought a new position in shares of Fibria Celulose during the first quarter worth approximately $107,000. Finally, Virtu Financial LLC bought a new position in shares of Fibria Celulose during the first quarter worth approximately $113,000. Institutional investors and hedge funds own 5.83% of the company’s stock.

Shares of Fibria Celulose S.A. (NYSE:FBR) opened at 12.12 on Monday. The stock’s 50 day moving average price is $10.74 and its 200-day moving average price is $9.80. Fibria Celulose S.A. has a 12-month low of $6.24 and a 12-month high of $12.45. The company’s market cap is $6.76 billion.

WARNING: This article was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/08/21/trexquant-investment-lp-takes-position-in-fibria-celulose-s-a-fbr.html.

FBR has been the subject of a number of research reports. Credit Suisse Group upgraded Fibria Celulose from a “neutral” rating to an “outperform” rating in a research note on Friday, May 19th. BidaskClub downgraded Fibria Celulose from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. J P Morgan Chase & Co upgraded Fibria Celulose from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $10.00 to $13.50 in a research note on Wednesday, June 14th. TheStreet downgraded Fibria Celulose from a “c” rating to a “d+” rating in a research note on Wednesday, July 26th. Finally, Zacks Investment Research upgraded Fibria Celulose from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Monday, June 5th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Fibria Celulose presently has an average rating of “Buy” and an average price target of $12.75.

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).

Want to see what other hedge funds are holding FBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fibria Celulose S.A. (NYSE:FBR).

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

Receive News & Stock Ratings for Fibria Celulose S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fibria Celulose S.A. and related stocks with our FREE daily email newsletter.