American Century Companies Inc. boosted its position in shares of Potlatch Co. (NASDAQ:PCH) by 43.6% in the fourth quarter, Holdings Channel reports. The fund owned 1,258,456 shares of the real estate investment trust’s stock after acquiring an additional 382,281 shares during the period. American Century Companies Inc.’s holdings in Potlatch were worth $62,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently added to or reduced their stakes in PCH. Vanguard Group Inc. lifted its position in Potlatch by 7.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,680,147 shares of the real estate investment trust’s stock worth $168,183,000 after acquiring an additional 251,612 shares during the last quarter. Principal Financial Group Inc. lifted its position in Potlatch by 112.4% during the 3rd quarter. Principal Financial Group Inc. now owns 369,872 shares of the real estate investment trust’s stock worth $18,863,000 after acquiring an additional 195,726 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Potlatch by 31.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 688,893 shares of the real estate investment trust’s stock worth $35,133,000 after acquiring an additional 166,615 shares during the last quarter. Boston Advisors LLC acquired a new position in Potlatch during the 3rd quarter worth $8,189,000. Finally, Nationwide Fund Advisors lifted its position in Potlatch by 101.3% during the 3rd quarter. Nationwide Fund Advisors now owns 271,388 shares of the real estate investment trust’s stock worth $13,841,000 after acquiring an additional 136,601 shares during the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.
Potlatch Co. (NASDAQ PCH) opened at $49.45 on Friday. Potlatch Co. has a twelve month low of $42.80 and a twelve month high of $56.35. The company has a current ratio of 2.28, a quick ratio of 1.69 and a debt-to-equity ratio of 2.79. The stock has a market cap of $1,994.05, a PE ratio of 23.55, a PEG ratio of 3.31 and a beta of 1.39.
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Potlatch Company Profile
Potlatch Corporation is a real estate investment trust (REIT), which is primarily engaged in activities associated with timberland management, including the sale of timber, management of timberlands, and purchase and sale of timberlands. The Company is also engaged in the manufacture and sale of wood products.
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