Geode Capital Management LLC Cuts Position in Rayonier Advanced Materials Inc. (NYSE:RYAM)

Geode Capital Management LLC cut its stake in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) by 0.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,490,055 shares of the basic materials company’s stock after selling 2,523 shares during the period. Geode Capital Management LLC’s holdings in Rayonier Advanced Materials were worth $12,296,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in RYAM. American Century Companies Inc. increased its holdings in Rayonier Advanced Materials by 20.3% in the fourth quarter. American Century Companies Inc. now owns 2,169,320 shares of the basic materials company’s stock valued at $17,897,000 after buying an additional 366,009 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Rayonier Advanced Materials by 66.8% in the 4th quarter. JPMorgan Chase & Co. now owns 835,388 shares of the basic materials company’s stock valued at $6,892,000 after purchasing an additional 334,497 shares in the last quarter. Jane Street Group LLC raised its holdings in Rayonier Advanced Materials by 176.2% during the third quarter. Jane Street Group LLC now owns 174,693 shares of the basic materials company’s stock worth $1,495,000 after purchasing an additional 111,440 shares during the last quarter. Barclays PLC boosted its position in Rayonier Advanced Materials by 273.6% during the third quarter. Barclays PLC now owns 83,893 shares of the basic materials company’s stock worth $718,000 after purchasing an additional 61,437 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in shares of Rayonier Advanced Materials in the fourth quarter valued at $491,000. Hedge funds and other institutional investors own 68.64% of the company’s stock.

Rayonier Advanced Materials Trading Down 6.8 %

Shares of RYAM stock opened at $4.10 on Tuesday. The company has a market capitalization of $273.68 million, a price-to-earnings ratio of -3.20 and a beta of 2.86. 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 50-day moving average price of $5.87 and a 200 day moving average price of $7.37. Rayonier Advanced Materials Inc. has a twelve month low of $3.72 and a twelve month high of $10.28.

Analyst Upgrades and Downgrades

RYAM has been the topic of a number of research reports. Royal Bank of Canada lowered their price objective on shares of Rayonier Advanced Materials from $12.00 to $11.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. StockNews.com downgraded Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research report on Friday, April 11th.

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.