Rayonier Advanced Materials Inc. (NYSE:RYAM) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP reduced its position in Rayonier Advanced Materials Inc. (NYSE:RYAM) by 13.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,693 shares of the basic materials company’s stock after selling 3,737 shares during the period. Quantbot Technologies LP’s holdings in Rayonier Advanced Materials were worth $204,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of RYAM. Intech Investment Management LLC purchased a new position in Rayonier Advanced Materials in the third quarter valued at approximately $139,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Rayonier Advanced Materials in the third quarter worth $171,000. BNP Paribas Financial Markets raised its stake in shares of Rayonier Advanced Materials by 760.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 183,971 shares of the basic materials company’s stock valued at $1,575,000 after acquiring an additional 162,588 shares during the period. Verition Fund Management LLC acquired a new position in shares of Rayonier Advanced Materials during the 3rd quarter valued at $428,000. Finally, State Street Corp boosted its position in Rayonier Advanced Materials by 1.1% during the 3rd quarter. State Street Corp now owns 1,440,085 shares of the basic materials company’s stock worth $12,327,000 after purchasing an additional 16,139 shares during the period. Hedge funds and other institutional investors own 68.64% of the company’s stock.

Rayonier Advanced Materials Price Performance

Shares of RYAM stock opened at $5.55 on Friday. The firm has a fifty day simple moving average of $6.90 and a 200-day simple moving average of $7.80. The company has a market capitalization of $365.79 million, a PE ratio of -4.33 and a beta of 3.02. Rayonier Advanced Materials Inc. has a twelve month low of $3.72 and a twelve 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.

Analyst Ratings Changes

Several research firms have commented on RYAM. Royal Bank of Canada cut their price objective on Rayonier Advanced Materials from $12.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, March 7th. StockNews.com downgraded Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a report on Monday, March 10th.

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.