Rhumbline Advisers Buys 4,445 Shares of Rayonier Advanced Materials Inc. (NYSE:RYAM)

Rhumbline Advisers boosted its stake in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) by 3.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 131,544 shares of the basic materials company’s stock after acquiring an additional 4,445 shares during the quarter. Rhumbline Advisers owned approximately 0.20% of Rayonier Advanced Materials worth $1,085,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Entropy Technologies LP bought a new stake in Rayonier Advanced Materials during the 4th quarter worth about $84,000. Intech Investment Management LLC bought a new stake in Rayonier Advanced Materials during the 3rd quarter worth about $139,000. Quest Partners LLC bought a new stake in Rayonier Advanced Materials during the 3rd quarter worth about $166,000. Dynamic Technology Lab Private Ltd bought a new stake in Rayonier Advanced Materials during the 3rd quarter worth about $171,000. Finally, Creative Planning bought a new stake in Rayonier Advanced Materials during the 3rd quarter worth about $220,000. Institutional investors own 68.64% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on RYAM shares. StockNews.com raised shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. Royal Bank of Canada raised their target price 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 Up 0.2 %

Shares of NYSE RYAM opened at $7.50 on Thursday. The firm has a market capitalization of $494.17 million, a PE ratio of -5.86 and a beta of 2.99. The company has a current ratio of 1.73, a quick ratio of 1.09 and a debt-to-equity ratio of 1.02. Rayonier Advanced Materials Inc. has a 1 year low of $3.58 and a 1 year high of $10.28. The firm’s 50-day moving average is $7.68 and its 200-day moving average is $8.03.

Insider Activity

In other news, Director Eric Bowen purchased 12,500 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average cost of $8.04 per share, for a total transaction of $100,500.00. Following the transaction, the director now directly owns 12,500 shares of the company’s stock, valued at approximately $100,500. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 3.14% of the company’s stock.

About Rayonier Advanced Materials

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.