Barclays PLC Increases Position in Rayonier Advanced Materials Inc. (NYSE:RYAM)

Barclays PLC increased its stake in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) by 273.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,893 shares of the basic materials company’s stock after purchasing an additional 61,437 shares during the quarter. Barclays PLC’s holdings in Rayonier Advanced Materials were worth $718,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in Rayonier Advanced Materials by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 3,598,490 shares of the basic materials company’s stock worth $19,576,000 after purchasing an additional 201,939 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Rayonier Advanced Materials by 24.7% during the 2nd quarter. American Century Companies Inc. now owns 1,516,198 shares of the basic materials company’s stock worth $8,248,000 after acquiring an additional 300,793 shares in the last quarter. Renaissance Technologies LLC lifted its position in Rayonier Advanced Materials by 7.2% during the second quarter. Renaissance Technologies LLC now owns 1,496,142 shares of the basic materials company’s stock valued at $8,139,000 after acquiring an additional 101,128 shares during the last quarter. Geode Capital Management LLC boosted its stake in Rayonier Advanced Materials by 1.8% in the third quarter. Geode Capital Management LLC now owns 1,492,578 shares of the basic materials company’s stock valued at $12,779,000 after acquiring an additional 26,032 shares in the last quarter. Finally, State Street Corp grew its holdings in Rayonier Advanced Materials by 1.1% in the third 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 last quarter. Institutional investors own 68.64% of the company’s stock.

Analyst Upgrades and Downgrades

RYAM has been the subject of several analyst reports. Royal Bank of Canada increased their price objective on Rayonier Advanced Materials from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. StockNews.com lowered Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research report on Friday, December 20th.

Rayonier Advanced Materials Stock Up 3.9 %

RYAM stock opened at $7.69 on Thursday. The stock has a market capitalization of $506.89 million, a PE ratio of -6.01 and a beta of 3.02. Rayonier Advanced Materials Inc. has a 52 week low of $3.15 and a 52 week high of $10.28. The company has a quick ratio of 1.09, a current ratio of 1.73 and a debt-to-equity ratio of 1.02. The firm has a 50 day moving average of $8.37 and a 200 day moving average of $7.68.

Rayonier Advanced Materials (NYSE:RYAM) last posted its quarterly earnings data on Tuesday, November 5th. The basic materials company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.06. Rayonier Advanced Materials had a negative net margin of 5.21% and a negative return on equity of 1.61%. The business had revenue of $401.00 million during the quarter, compared to the consensus estimate of $412.20 million. During the same period in the previous year, the firm posted ($0.41) earnings per share. Sell-side analysts forecast that Rayonier Advanced Materials Inc. will post -0.08 earnings per share for the current year.

Insider Buying and Selling at Rayonier Advanced Materials

In other Rayonier Advanced Materials news, Director Eric Bowen bought 12,500 shares of Rayonier Advanced Materials stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average price of $8.04 per share, with a total value of $100,500.00. Following the completion of the acquisition, the director now directly owns 12,500 shares in the company, valued at approximately $100,500. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.14% of the company’s stock.

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.