Blueshift Asset Management LLC Invests $209,000 in Fibria Celulose SA (FBR) Stock
Blueshift Asset Management LLC bought a new position in shares of Fibria Celulose SA (NYSE:FBR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 12,131 shares of the basic materials company’s stock, valued at approximately $209,000.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Citigroup Inc. lifted its stake in shares of Fibria Celulose by 24.8% during the 4th quarter. Citigroup Inc. now owns 6,791 shares of the basic materials company’s stock worth $117,000 after buying an additional 1,350 shares during the last quarter. Raymond James & Associates acquired a new stake in shares of Fibria Celulose during the 4th quarter worth about $183,000. Private Advisory Group LLC acquired a new stake in shares of Fibria Celulose during the 4th quarter worth about $371,000. Bank of New York Mellon Corp lifted its stake in shares of Fibria Celulose by 42.3% during the 4th quarter. Bank of New York Mellon Corp now owns 1,545,878 shares of the basic materials company’s stock worth $26,605,000 after buying an additional 459,883 shares during the last quarter. Finally, Advisors Preferred LLC acquired a new stake in shares of Fibria Celulose during the 4th quarter worth about $45,000. 6.27% of the stock is owned by hedge funds and other institutional investors.
NYSE FBR opened at $17.01 on Friday. The company has a quick ratio of 1.94, a current ratio of 2.39 and a debt-to-equity ratio of 1.18. The stock has a market cap of $9.42 billion, a PE ratio of 27.89 and a beta of -0.09. Fibria Celulose SA has a 52-week low of $14.45 and a 52-week high of $22.05.
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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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