Fibria Celulose S.A. (FBR) Shares Gap Down to $16.21

Fibria Celulose S.A. (NYSE:FBR) shares gapped down before the market opened on Monday . The stock had previously closed at $16.59, but opened at $16.21. Fibria Celulose shares last traded at $15.73, with a volume of 2,303,584 shares.

FBR has been the topic of a number of recent research reports. TheStreet lowered shares of Fibria Celulose from a “c” rating to a “d+” rating in a research note on Wednesday, July 26th. BidaskClub raised shares of Fibria Celulose from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research lowered shares of Fibria Celulose from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Citigroup Inc. raised shares of Fibria Celulose from a “neutral” rating to a “buy” rating in a research note on Monday, August 14th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $15.00 price objective on shares of Fibria Celulose in a research note on Monday, October 23rd. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Fibria Celulose has a consensus rating of “Buy” and an average price target of $14.17.

The stock has a 50 day moving average price of $14.62 and a 200-day moving average price of $11.78. The company’s market capitalization is $8.93 billion.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FBR. Arrowstreet Capital Limited Partnership increased its position in shares of Fibria Celulose by 1,120.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,608,750 shares of the basic materials company’s stock valued at $36,665,000 after purchasing an additional 3,313,150 shares during the last quarter. Banco BTG Pactual S.A. purchased a new stake in shares of Fibria Celulose during the 2nd quarter valued at about $27,875,000. FMR LLC increased its position in shares of Fibria Celulose by 33.4% during the 2nd quarter. FMR LLC now owns 6,633,800 shares of the basic materials company’s stock valued at $67,399,000 after purchasing an additional 1,660,000 shares during the last quarter. Pictet Asset Management Ltd. increased its position in shares of Fibria Celulose by 26.7% during the 3rd quarter. Pictet Asset Management Ltd. now owns 3,603,993 shares of the basic materials company’s stock valued at $48,798,000 after purchasing an additional 759,939 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Fibria Celulose by 124.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,159,422 shares of the basic materials company’s stock valued at $10,597,000 after purchasing an additional 642,400 shares during the last quarter. 7.09% of the stock is owned by hedge funds and other institutional investors.

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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).

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