Rayonier Advanced Materials Inc. (NYSE:RYAM) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. grew its position in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) by 12.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 132,384 shares of the basic materials company’s stock after purchasing an additional 14,210 shares during the quarter. Franklin Resources Inc. owned approximately 0.20% of Rayonier Advanced Materials worth $1,092,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership increased its holdings in shares of Rayonier Advanced Materials by 6.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 652,404 shares of the basic materials company’s stock valued at $5,382,000 after acquiring an additional 37,766 shares during the period. JPMorgan Chase & Co. grew its position in Rayonier Advanced Materials by 66.8% during the 4th quarter. JPMorgan Chase & Co. now owns 835,388 shares of the basic materials company’s stock worth $6,892,000 after purchasing an additional 334,497 shares during the last quarter. EntryPoint Capital LLC acquired a new position in Rayonier Advanced Materials in the fourth quarter valued at $144,000. Vanguard Group Inc. raised its holdings in shares of Rayonier Advanced Materials by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 3,735,408 shares of the basic materials company’s stock valued at $30,817,000 after buying an additional 26,402 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Rayonier Advanced Materials in the fourth quarter valued at about $491,000. Institutional investors and hedge funds own 68.64% of the company’s stock.

Rayonier Advanced Materials Stock Down 0.8 %

Shares of Rayonier Advanced Materials stock opened at $4.69 on Wednesday. The company has a market cap of $313.33 million, a P/E ratio of -3.67 and a beta of 2.86. The firm has a fifty day moving average of $6.10 and a two-hundred day moving average of $7.50. 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 one year low of $3.72 and a one year high of $10.28.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Royal Bank of Canada dropped their price target on Rayonier Advanced Materials from $12.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, March 7th. StockNews.com lowered Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a report on Friday, April 11th.

About Rayonier Advanced Materials

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.