Charles Schwab Investment Management Inc. Decreases Holdings in Rayonier Advanced Materials Inc. (NYSE:RYAM)

Charles Schwab Investment Management Inc. lowered its stake in Rayonier Advanced Materials Inc. (NYSE:RYAM) by 15.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 414,323 shares of the basic materials company’s stock after selling 76,265 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.63% of Rayonier Advanced Materials worth $3,547,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its stake in shares of Rayonier Advanced Materials by 24.7% in the 2nd quarter. American Century Companies Inc. now owns 1,516,198 shares of the basic materials company’s stock valued at $8,248,000 after purchasing an additional 300,793 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Rayonier Advanced Materials during the 3rd quarter valued at $2,574,000. Assenagon Asset Management S.A. lifted its position in Rayonier Advanced Materials by 226.8% in the third quarter. Assenagon Asset Management S.A. now owns 325,037 shares of the basic materials company’s stock worth $2,782,000 after buying an additional 225,575 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Rayonier Advanced Materials by 5.9% during 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 buying an additional 201,939 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in Rayonier Advanced Materials during the second quarter valued at $632,000. 68.64% of the stock is owned by institutional investors.

Rayonier Advanced Materials Price Performance

Shares of RYAM stock opened at $7.83 on Friday. The stock has a 50 day moving average price of $8.56 and a 200 day moving average price of $7.32. The firm has a market capitalization of $516.15 million, a P/E ratio of -6.12 and a beta of 3.01. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.09 and a current ratio of 1.73. Rayonier Advanced Materials Inc. has a 52-week low of $3.15 and a 52-week high of $10.28.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada raised their target price on shares of Rayonier Advanced Materials from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. StockNews.com lowered shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th.

Rayonier Advanced Materials 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.