Los Angeles Capital Management LLC Buys New Stake in Rayonier Advanced Materials Inc. (NYSE:RYAM)

Los Angeles Capital Management LLC purchased a new position in Rayonier Advanced Materials Inc. (NYSE:RYAMGet Rating) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 124,380 shares of the basic materials company’s stock, valued at approximately $326,000. Los Angeles Capital Management LLC owned approximately 0.19% of Rayonier Advanced Materials as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in Rayonier Advanced Materials by 3.8% in the 1st quarter. JPMorgan Chase & Co. now owns 101,636 shares of the basic materials company’s stock worth $669,000 after acquiring an additional 3,718 shares in the last quarter. KBC Group NV grew its holdings in shares of Rayonier Advanced Materials by 20.4% during the first quarter. KBC Group NV now owns 23,485 shares of the basic materials company’s stock worth $154,000 after buying an additional 3,983 shares in the last quarter. Game Plan Financial Advisors LLC grew its holdings in shares of Rayonier Advanced Materials by 4.2% during the second quarter. Game Plan Financial Advisors LLC now owns 125,000 shares of the basic materials company’s stock worth $319,000 after buying an additional 5,000 shares in the last quarter. Citigroup Inc. grew its holdings in shares of Rayonier Advanced Materials by 11.7% during the first quarter. Citigroup Inc. now owns 53,131 shares of the basic materials company’s stock worth $349,000 after buying an additional 5,556 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Rayonier Advanced Materials by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 54,947 shares of the basic materials company’s stock worth $361,000 after buying an additional 6,774 shares in the last quarter. Hedge funds and other institutional investors own 84.73% of the company’s stock.

Rayonier Advanced Materials Trading Up 1.4 %

Shares of RYAM opened at $7.09 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.23 and a debt-to-equity ratio of 1.09. Rayonier Advanced Materials Inc. has a 12-month low of $2.43 and a 12-month high of $7.45. The firm has a 50-day moving average price of $4.31 and a 200 day moving average price of $4.08. The firm has a market capitalization of $453.55 million, a P/E ratio of -10.43 and a beta of 3.28.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Bank of America dropped their target price on shares of Rayonier Advanced Materials from $2.60 to $1.90 in a report on Thursday, October 13th. Royal Bank of Canada upped their target price on shares of Rayonier Advanced Materials from $6.00 to $9.00 and gave the stock an “outperform” rating in a report on Thursday, November 3rd. Finally, StockNews.com started coverage on shares of Rayonier Advanced Materials in a report on Wednesday, October 12th. They set a “hold” rating for the company.

About Rayonier Advanced Materials

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Rayonier Advanced Materials Inc manufactures and sells cellulose specialty products in the United States, China, Canada, Japan, Europe, Latin America, other Asian countries, and internationally. The company operates through High Purity Cellulose, Paperboard, and High-Yield Pulp 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 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.

See Also

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

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