Aperio Group LLC Acquires 7,819 Shares of Rayonier Advanced Materials Inc (NYSE:RYAM)

Aperio Group LLC increased its holdings in Rayonier Advanced Materials Inc (NYSE:RYAM) by 22.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,828 shares of the basic materials company’s stock after buying an additional 7,819 shares during the quarter. Aperio Group LLC owned about 0.09% of Rayonier Advanced Materials worth $278,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings in shares of Rayonier Advanced Materials by 19.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,578,683 shares of the basic materials company’s stock worth $38,112,000 after buying an additional 593,033 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Rayonier Advanced Materials by 46.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 22,056 shares of the basic materials company’s stock valued at $299,000 after purchasing an additional 7,023 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Rayonier Advanced Materials by 162.1% in the first quarter. BNP Paribas Arbitrage SA now owns 11,683 shares of the basic materials company’s stock valued at $158,000 after purchasing an additional 7,225 shares in the last quarter. Sigma Planning Corp increased its holdings in shares of Rayonier Advanced Materials by 76.7% in the first quarter. Sigma Planning Corp now owns 25,431 shares of the basic materials company’s stock valued at $345,000 after purchasing an additional 11,039 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Rayonier Advanced Materials by 78.4% in the first quarter. Victory Capital Management Inc. now owns 188,248 shares of the basic materials company’s stock valued at $2,553,000 after acquiring an additional 82,747 shares during the last quarter. 92.96% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on the stock. Bank of America cut shares of Rayonier Advanced Materials from a “buy” rating to an “underperform” rating in a research note on Thursday, August 8th. ValuEngine cut shares of Rayonier Advanced Materials from a “hold” rating to a “sell” rating in a research report on Thursday, September 5th. Royal Bank of Canada set a $10.00 price objective on shares of Rayonier Advanced Materials and gave the company a “buy” rating in a research report on Friday, August 9th. Zacks Investment Research raised shares of Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Sidoti lowered shares of Rayonier Advanced Materials from a “buy” rating to a “neutral” rating in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $17.00.

Shares of RYAM stock traded up $0.05 during trading hours on Friday, reaching $4.45. The stock had a trading volume of 13,001 shares, compared to its average volume of 1,003,094. The firm has a market capitalization of $211.86 million, a PE ratio of 2.66 and a beta of 3.69. The stock’s fifty day simple moving average is $3.72 and its 200 day simple moving average is $8.68. Rayonier Advanced Materials Inc has a 12 month low of $2.50 and a 12 month high of $22.07. The company has a current ratio of 2.00, a quick ratio of 1.09 and a debt-to-equity ratio of 1.82.

Rayonier Advanced Materials (NYSE:RYAM) last released its quarterly earnings results on Wednesday, August 7th. The basic materials company reported ($0.35) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.17). The business had revenue of $488.00 million for the quarter, compared to analysts’ expectations of $497.01 million. Rayonier Advanced Materials had a net margin of 0.69% and a return on equity of 1.70%. Rayonier Advanced Materials’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 EPS. As a group, equities research analysts anticipate that Rayonier Advanced Materials Inc will post -0.97 EPS for the current fiscal year.

Rayonier Advanced Materials Profile

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

Featured Story: How to invest in blue-chip stocks

Institutional Ownership by Quarter for Rayonier Advanced Materials (NYSE:RYAM)

Receive News & Ratings for Rayonier Advanced Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rayonier Advanced Materials and related companies with MarketBeat.com's FREE daily email newsletter.