Romano Brothers AND Company Purchases New Sylvamo Co. Holdings

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According to its most recent Form 13F filing with the Securities and Exchange Commission, Romano Brothers AND Company acquired a new stake in Sylvamo Co. (NYSE:SLVM – Get Rating) during the fourth quarter. The institutional investor paid approximately $127,000 for 2,607 shares of the company’s stock.

Other major investors have recently increased or decreased their stakes in the company. In the third quarter, the Teacher Retirement System of Texas increased its stake in Sylvamo by 721.1%. After acquiring an additional 44,504 shares during the last quarter, Teacher Retirement System of Texas now owns 50,676 shares of the company’s stock, valued at $1,718,000. During the third quarter, Weiss Asset Management LP acquired a new stake in Sylvamo worth approximately $526,000. Hermes Federated Inc.

grew its stake in Sylvamo by 247.0% during the third quarter. After purchasing an additional 257,625 shares during the last quarter, Jacobs Levy Equity Management Inc. now owns 361,912 shares of the company’s stock, valued at $12,269,000. Finally, during the second quarter, Quantbot Technologies LP increased its stake in Sylvamo by 125.6%.

Quantbot Technologies LP now owns 19,532 shares of the company’s stock, valued at $638,000, following the purchase of an additional 10,874 shares during the last quarter. Institutional investors and hedge funds own 85.95% of the stock.

In other news, CFO John V. Sims sold 12,842 shares of the company’s stock on Monday, March 13th. The shares were sold for a total of $613,976.02 at an average price of $47.81 per share. As a result of the transaction, the chief financial officer now directly owns 68,481 shares of the company, worth approximately $3,274,076.61.

The sale was disclosed in a legal filing with the SEC, which can be accessed via this link. In other news, VP Kevin W. Ferguson sold 2,407 shares of the company’s stock in a transaction that took place on Thursday, March 9th. The shares were sold for a total of $119,507.55 at an average price of $49.65 per share.

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