Rayonier Advanced Materials Inc. (NYSE:RYAM) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in Rayonier Advanced Materials Inc. (NYSE:RYAM) by 66.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 835,388 shares of the basic materials company’s stock after acquiring an additional 334,497 shares during the period. JPMorgan Chase & Co. owned about 1.27% of Rayonier Advanced Materials worth $6,892,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Jane Street Group LLC grew its stake in Rayonier Advanced Materials by 176.2% during the 3rd quarter. Jane Street Group LLC now owns 174,693 shares of the basic materials company’s stock worth $1,495,000 after purchasing an additional 111,440 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Rayonier Advanced Materials by 33.5% in the 4th quarter. SG Americas Securities LLC now owns 45,367 shares of the basic materials company’s stock valued at $374,000 after buying an additional 11,384 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Rayonier Advanced Materials during the fourth quarter worth about $418,000. Barclays PLC increased its stake in shares of Rayonier Advanced Materials by 273.6% during the third quarter. Barclays PLC now owns 83,893 shares of the basic materials company’s stock worth $718,000 after buying an additional 61,437 shares during the period. Finally, Victory Capital Management Inc. acquired a new stake in Rayonier Advanced Materials in the fourth quarter valued at approximately $238,000. Hedge funds and other institutional investors own 68.64% of the company’s stock.

Rayonier Advanced Materials Stock Performance

Shares of RYAM opened at $4.47 on Thursday. The company has a market capitalization of $298.38 million, a price-to-earnings ratio of -3.49 and a beta of 2.86. Rayonier Advanced Materials Inc. has a 52-week low of $3.72 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 stock has a 50 day moving average price of $6.05 and a 200 day moving average price of $7.48.

Wall Street Analyst Weigh In

RYAM has been the subject of several analyst reports. Royal Bank of Canada lowered their price target on shares of Rayonier Advanced Materials from $12.00 to $11.00 and set an “outperform” rating for the company in a report on Friday, March 7th. StockNews.com cut Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research note 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.