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Icon Advisers Inc. Co. Takes Position in International Paper Company $IP
Icon Advisers Inc. Co. recently acquired 104,600 shares of International Paper (valued at ~$4.85M) in Q3, making it their 25th-largest holding. This comes amidst other hedge funds increasing their stakes and a significant insider purchase by CEO Andrew K. Silvernail, who bought 50,000 shares for $2.0M. Despite the stock trading down 4.4% and missing EPS estimates in its last quarterly earnings, analysts have a consensus “Hold” rating with an average price target of $48.25.