Citigroup Inc. cut its holdings in Fibria Celulose SA (NYSE:FBR) by 1.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,874 shares of the basic materials company’s stock after selling 587 shares during the quarter. Citigroup Inc.’s holdings in Fibria Celulose SA were worth $374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Pinebridge Investments L.P. bought a new stake in shares of Fibria Celulose SA in the second quarter worth about $579,000. Quantitative Investment Management LLC bought a new stake in shares of Fibria Celulose SA in the second quarter worth about $1,241,000. Lazard Asset Management LLC grew its stake in shares of Fibria Celulose SA by 22.6% in 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. Profund Advisors LLC bought a new stake in shares of Fibria Celulose SA in the second quarter worth about $259,000. Finally, Stevens Capital Management LP bought a new stake in shares of Fibria Celulose SA in the second quarter worth about $206,000. 7.10% of the stock is currently owned by institutional investors.

FBR has been the topic of several recent analyst reports. Zacks Investment Research cut Fibria Celulose SA from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. BidaskClub cut Fibria Celulose SA from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. TheStreet cut Fibria Celulose SA from a “c” rating to a “d+” rating in a research note on Wednesday, July 26th. Finally, Citigroup Inc. raised Fibria Celulose SA from a “neutral” rating to a “buy” rating in a research note on Monday, August 14th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $13.75.

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Shares of Fibria Celulose SA (NYSE FBR) opened at 16.92 on Tuesday. The company’s market capitalization is $9.36 billion. The company has a 50 day moving average price of $13.74 and a 200 day moving average price of $11.19. Fibria Celulose SA has a 1-year low of $7.12 and a 1-year high of $16.93.

Fibria Celulose SA 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 SA (NYSE:FBR)

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