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

Rhumbline Advisers raised its holdings in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) by 3.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 131,544 shares of the basic materials company’s stock after buying an additional 4,445 shares during the period. Rhumbline Advisers’ holdings in Rayonier Advanced Materials were worth $1,085,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in RYAM. Entropy Technologies LP bought a new position in shares of Rayonier Advanced Materials during the 4th quarter worth approximately $84,000. Intech Investment Management LLC bought a new position in shares of Rayonier Advanced Materials during the 3rd quarter worth approximately $139,000. Quest Partners LLC bought a new position in shares of Rayonier Advanced Materials during the 3rd quarter worth approximately $166,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Rayonier Advanced Materials during the 3rd quarter worth approximately $171,000. Finally, Creative Planning bought a new position in shares of Rayonier Advanced Materials during the 3rd quarter worth approximately $220,000. 68.64% of the stock is owned by institutional investors.

Rayonier Advanced Materials Price Performance

NYSE:RYAM opened at $7.50 on Thursday. Rayonier Advanced Materials Inc. has a 1-year low of $3.58 and a 1-year 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 has a fifty day simple moving average of $7.68 and a 200 day simple moving average of $8.03. The stock has a market capitalization of $494.17 million, a PE ratio of -5.86 and a beta of 2.99.

Insider Activity at Rayonier Advanced Materials

In related news, Director Eric Bowen acquired 12,500 shares of Rayonier Advanced Materials stock in a transaction on Friday, December 13th. The stock was purchased at an average cost 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 $100,500. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.14% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. 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 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.