American Century Companies Inc. Has $75.37 Million Stake in Sylvamo Corporation $SLVM

Key Points

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American Century Companies Inc. increased its position in shares of Sylvamo Corporation (NYSE:SLVM - Free Report) by 10.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,123,686 shares of the company's stock after acquiring an additional 107,622 shares during the period. American Century Companies Inc. owned about 2.76% of Sylvamo worth $75,366,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Summit Investment Advisors Inc. boosted its position in Sylvamo by 5.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,639 shares of the company's stock valued at $288,000 after buying an additional 193 shares in the last quarter. MorganRosel Wealth Management LLC boosted its position in Sylvamo by 1.3% in the first quarter. MorganRosel Wealth Management LLC now owns 17,472 shares of the company's stock valued at $1,172,000 after buying an additional 223 shares in the last quarter. NDVR Inc. boosted its position in Sylvamo by 9.2% in the fourth quarter. NDVR Inc. now owns 3,196 shares of the company's stock valued at $253,000 after buying an additional 268 shares in the last quarter. Perigon Wealth Management LLC boosted its position in Sylvamo by 3.6% in the first quarter. Perigon Wealth Management LLC now owns 9,233 shares of the company's stock valued at $619,000 after buying an additional 323 shares in the last quarter. Finally, RHS Financial LLC boosted its position in Sylvamo by 9.1% in the first quarter. RHS Financial LLC now owns 4,095 shares of the company's stock valued at $275,000 after buying an additional 343 shares in the last quarter. Institutional investors and hedge funds own 91.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Zacks Research upgraded shares of Sylvamo to a "strong sell" rating in a research report on Monday, August 11th. Royal Bank Of Canada set a $49.00 target price on shares of Sylvamo and gave the company a "sector perform" rating in a research report on Monday, August 11th. Finally, Bank of America cut their target price on shares of Sylvamo from $67.00 to $64.00 and set an "underperform" rating on the stock in a research report on Wednesday, July 9th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Reduce" and a consensus target price of $71.00.

Sylvamo Trading Up 7.0%

Shares of NYSE:SLVM traded up $2.91 during mid-day trading on Friday, reaching $44.49. 557,529 shares of the company's stock were exchanged, compared to its average volume of 458,591. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 8.51, a PEG ratio of 2.33 and a beta of 1.00. The business's fifty day moving average price is $48.48 and its 200-day moving average price is $57.54. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.91 and a current ratio of 1.54. Sylvamo Corporation has a twelve month low of $37.51 and a twelve month high of $98.02.

Sylvamo (NYSE:SLVM - Get Free Report) last issued its quarterly earnings results on Friday, August 8th. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.10). The business had revenue of $794.00 million for the quarter, compared to analyst estimates of $826.60 million. Sylvamo had a return on equity of 23.99% and a net margin of 6.11%.Sylvamo's revenue for the quarter was down 14.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.98 EPS. On average, research analysts predict that Sylvamo Corporation will post 7.45 EPS for the current fiscal year.

About Sylvamo

Sylvamo Corporation produces and markets uncoated freesheet for cutsize, offset paper, and pulp in Latin America, Europe, and North America. The company operates through Europe, Latin America, and North America segments. The Europe segment offers copy, tinted, and colored laser printing paper under REY Adagio and Pro-Design brands; and graphic and high-speed inkjet printing papers under the brand Jetstar; as well as produces uncoated freesheet papers.