Alps Advisors Inc. Trims Position in Fibria Celulose S.A. (FBR)

Alps Advisors Inc. cut its position in shares of Fibria Celulose S.A. (NYSE:FBR) by 15.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 68,429 shares of the basic materials company’s stock after selling 12,700 shares during the quarter. Alps Advisors Inc.’s holdings in Fibria Celulose were worth $927,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the stock. Aperio Group LLC raised its holdings in Fibria Celulose by 3.9% during the second quarter. Aperio Group LLC now owns 47,876 shares of the basic materials company’s stock worth $486,000 after purchasing an additional 1,805 shares during the last quarter. Virtu KCG Holdings LLC raised its holdings in Fibria Celulose by 20.0% during the second quarter. Virtu KCG Holdings LLC now owns 41,381 shares of the basic materials company’s stock worth $420,000 after purchasing an additional 6,904 shares during the last quarter. Lazard Asset Management LLC raised its holdings in Fibria Celulose by 22.6% during the second quarter. Lazard Asset Management LLC now owns 37,893 shares of the basic materials company’s stock worth $384,000 after purchasing an additional 6,973 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Fibria Celulose by 82.5% during the second quarter. Ameriprise Financial Inc. now owns 19,337 shares of the basic materials company’s stock worth $196,000 after purchasing an additional 8,743 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its holdings in Fibria Celulose by 123.3% during 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. 7.20% of the stock is owned by hedge funds and other institutional investors.

Fibria Celulose S.A. (NYSE FBR) opened at $15.41 on Tuesday. The company has a quick ratio of 1.55, a current ratio of 1.96 and a debt-to-equity ratio of 1.20. Fibria Celulose S.A. has a 1 year low of $7.98 and a 1 year high of $17.21.

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Several equities analysts recently issued reports on the company. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $15.00 price objective on shares of Fibria Celulose in a report on Monday, October 23rd. Zacks Investment Research cut Fibria Celulose from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. BidaskClub raised Fibria Celulose from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Citigroup Inc. raised Fibria Celulose from a “neutral” rating to a “buy” rating in a report on Monday, August 14th. Finally, TheStreet cut Fibria Celulose from a “c” rating to a “d+” rating in a report on Wednesday, July 26th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $14.17.

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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