Savant Capital LLC Has $263,000 Position in Rayonier Advanced Materials Inc. (NYSE:RYAM)

Savant Capital LLC lifted its holdings in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,821 shares of the basic materials company’s stock after buying an additional 2,322 shares during the quarter. Savant Capital LLC’s holdings in Rayonier Advanced Materials were worth $263,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Horizon Kinetics Asset Management LLC raised its holdings in Rayonier Advanced Materials by 100.3% in the third quarter. Horizon Kinetics Asset Management LLC now owns 233,700 shares of the basic materials company’s stock worth $2,000,000 after purchasing an additional 117,000 shares during the period. Empowered Funds LLC lifted its position in shares of Rayonier Advanced Materials by 21.9% in the third quarter. Empowered Funds LLC now owns 339,592 shares of the basic materials company’s stock worth $2,907,000 after purchasing an additional 61,054 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Rayonier Advanced Materials by 176.2% in the 3rd quarter. Jane Street Group LLC now owns 174,693 shares of the basic materials company’s stock valued at $1,495,000 after acquiring an additional 111,440 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Rayonier Advanced Materials by 157.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 500,891 shares of the basic materials company’s stock worth $4,288,000 after purchasing an additional 306,640 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of Rayonier Advanced Materials by 760.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 183,971 shares of the basic materials company’s stock worth $1,575,000 after purchasing an additional 162,588 shares during the last quarter. Institutional investors own 68.64% of the company’s stock.

Insider Activity

In related news, Director Eric Bowen bought 12,500 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average price of $8.04 per share, with a total value of $100,500.00. Following the completion of the transaction, the director now directly owns 12,500 shares in the company, valued at approximately $100,500. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on RYAM. StockNews.com upgraded Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. Royal Bank of Canada lifted their price objective on shares of Rayonier Advanced Materials from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th.

Rayonier Advanced Materials Stock Performance

Shares of RYAM opened at $7.39 on Wednesday. Rayonier Advanced Materials Inc. has a 12 month low of $3.15 and a 12 month high of $10.28. The company has a current ratio of 1.73, a quick ratio of 1.09 and a debt-to-equity ratio of 1.02. The firm’s fifty day simple moving average is $7.74 and its two-hundred day simple moving average is $7.99. The stock has a market capitalization of $486.82 million, a P/E ratio of -5.77 and a beta of 2.99.

Rayonier Advanced Materials Company Profile

Rayonier Advanced Materials Inc manufactures and sells cellulose specialty products in the United States, China, Latin America, Canada, Japan, Europe, Latin America, other Asian countries, and internationally. It operates through High Purity Cellulose, Paperboard, and High-Yield Pulp segments. The company’s products include cellulose specialties, which are natural polymers that are used as raw materials to manufacture a range of consumer-oriented products, such as liquid crystal displays, impact-resistant plastics, thickeners for food products, pharmaceuticals, cosmetics, cigarette filters, high-tenacity rayon yarn for tires and industrial hoses, food casings, paints, and lacquers.