BlackRock Inc. trimmed its holdings in shares of Fibria Celulose SA (NYSE:FBR) by 14.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,075,989 shares of the basic materials company’s stock after selling 178,496 shares during the period. BlackRock Inc.’s holdings in Fibria Celulose were worth $18,518,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Advisors Preferred LLC bought a new stake in shares of Fibria Celulose in the 4th quarter valued at about $45,000. Federated Investors Inc. PA bought a new stake in shares of Fibria Celulose in the 3rd quarter valued at about $60,000. Panagora Asset Management Inc. raised its holdings in shares of Fibria Celulose by 30.9% in the 3rd quarter. Panagora Asset Management Inc. now owns 15,318 shares of the basic materials company’s stock valued at $284,000 after purchasing an additional 3,612 shares during the period. AQR Capital Management LLC raised its holdings in shares of Fibria Celulose by 21.4% in the 3rd quarter. AQR Capital Management LLC now owns 126,650 shares of the basic materials company’s stock valued at $2,347,000 after purchasing an additional 22,304 shares during the period. Finally, Nordea Investment Management AB bought a new stake in shares of Fibria Celulose in the 3rd quarter valued at about $415,000. Institutional investors own 6.27% of the company’s stock.
Shares of FBR stock opened at $17.01 on Tuesday. The company has a current ratio of 2.39, a quick ratio of 1.94 and a debt-to-equity ratio of 1.18. The stock has a market capitalization 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.
Fibria Celulose Company Profile
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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