Pacad Investment Ltd. Takes $298,000 Position in Fibria Celulose S.A. (FBR)

Pacad Investment Ltd. purchased a new position in Fibria Celulose S.A. (NYSE:FBR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,300 shares of the basic materials company’s stock, valued at approximately $298,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Thomas White International Ltd. grew its holdings in shares of Fibria Celulose by 10.1% in the second quarter. Thomas White International Ltd. now owns 155,638 shares of the basic materials company’s stock worth $1,581,000 after purchasing an additional 14,267 shares during the last quarter. Airain ltd bought a new position in shares of Fibria Celulose in the second quarter worth about $1,458,000. Alps Advisors Inc. grew its holdings in shares of Fibria Celulose by 29.7% in the second quarter. Alps Advisors Inc. now owns 81,129 shares of the basic materials company’s stock worth $824,000 after purchasing an additional 18,563 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Fibria Celulose in the second quarter worth about $1,375,000. Finally, Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Fibria Celulose by 123.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 19,922 shares of the basic materials company’s stock worth $195,000 after purchasing an additional 11,000 shares during the last quarter. Hedge funds and other institutional investors own 7.11% of the company’s stock.

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Shares of Fibria Celulose S.A. (NYSE:FBR) opened at 13.86 on Friday. The company has a 50-day moving average of $11.92 and a 200-day moving average of $10.24. Fibria Celulose S.A. has a 1-year low of $6.49 and a 1-year high of $14.03. The stock’s market capitalization is $7.73 billion.

FBR has been the topic of a number of research analyst reports. Credit Suisse Group upgraded shares of Fibria Celulose from a “neutral” rating to an “outperform” rating in a report on Friday, May 19th. ValuEngine cut shares of Fibria Celulose from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded shares of Fibria Celulose from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Monday, June 5th. J P Morgan Chase & Co upgraded shares of Fibria Celulose from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $10.00 to $13.50 in a report on Wednesday, June 14th. Finally, BidaskClub cut shares of Fibria Celulose from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Fibria Celulose presently has an average rating of “Buy” and an average price target of $12.75.

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

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