American Century Companies Inc. Purchases 107,622 Shares of Sylvamo Corporation $SLVM

Key Points

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American Century Companies Inc. boosted its position in shares of Sylvamo Corporation (NYSE:SLVM - Free Report) by 10.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 2.76% of Sylvamo worth $75,366,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Summit Investment Advisors Inc. lifted 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 worth $288,000 after purchasing an additional 193 shares during the period. MorganRosel Wealth Management LLC increased its holdings in shares of Sylvamo by 1.3% during the first quarter. MorganRosel Wealth Management LLC now owns 17,472 shares of the company's stock worth $1,172,000 after buying an additional 223 shares in the last quarter. NDVR Inc. raised its position in Sylvamo by 9.2% in the 4th quarter. NDVR Inc. now owns 3,196 shares of the company's stock valued at $253,000 after purchasing an additional 268 shares during the last quarter. Perigon Wealth Management LLC lifted its position in Sylvamo by 3.6% during the 1st quarter. Perigon Wealth Management LLC now owns 9,233 shares of the company's stock worth $619,000 after buying an additional 323 shares in the last quarter. Finally, RHS Financial LLC lifted its position in shares of Sylvamo by 9.1% during the first quarter. RHS Financial LLC now owns 4,095 shares of the company's stock worth $275,000 after purchasing an additional 343 shares in the last quarter. Institutional investors own 91.16% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SLVM. Zacks Research upgraded Sylvamo to a "strong sell" rating in a report on Monday, August 11th. Bank of America reduced their price objective on Sylvamo from $67.00 to $64.00 and set an "underperform" rating for the company in a research report on Wednesday, July 9th. Finally, Royal Bank Of Canada set a $49.00 price target on shares of Sylvamo and gave the company a "sector perform" rating in a research note on Monday, August 11th.

Sylvamo Trading Down 3.2%

Sylvamo stock opened at $43.26 on Monday. 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 52 week low of $37.51 and a 52 week high of $98.02. The stock has a 50-day simple moving average of $49.40 and a 200 day simple moving average of $58.47. The stock has a market capitalization of $1.75 billion, a P/E ratio of 8.27, a PEG ratio of 2.43 and a beta of 1.00.

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

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