Wells Fargo & Company MN Has $340,000 Stock Holdings in Rayonier Advanced Materials Inc. (NYSE:RYAM)

Wells Fargo & Company MN boosted its stake in Rayonier Advanced Materials Inc. (NYSE:RYAM) by 31.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,234 shares of the basic materials company’s stock after purchasing an additional 9,957 shares during the period. Wells Fargo & Company MN owned about 0.06% of Rayonier Advanced Materials worth $340,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Savant Capital LLC increased its stake in shares of Rayonier Advanced Materials by 7.9% in the fourth quarter. Savant Capital LLC now owns 31,821 shares of the basic materials company’s stock valued at $263,000 after buying an additional 2,322 shares during the period. Rhumbline Advisers grew its holdings in Rayonier Advanced Materials by 3.5% during the 4th quarter. Rhumbline Advisers now owns 131,544 shares of the basic materials company’s stock worth $1,085,000 after acquiring an additional 4,445 shares during the last quarter. Ieq Capital LLC acquired a new position in Rayonier Advanced Materials in the 4th quarter valued at approximately $83,000. Entropy Technologies LP bought a new position in shares of Rayonier Advanced Materials during the fourth quarter valued at $84,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Rayonier Advanced Materials by 33.5% during the fourth quarter. SG Americas Securities LLC now owns 45,367 shares of the basic materials company’s stock worth $374,000 after purchasing an additional 11,384 shares during the period. Institutional investors and hedge funds own 68.64% of the company’s stock.

Rayonier Advanced Materials Trading Down 4.5 %

NYSE:RYAM opened at $4.27 on Tuesday. Rayonier Advanced Materials Inc. has a 52 week low of $3.83 and a 52 week high of $10.28. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.09 and a current ratio of 1.73. The firm’s fifty day moving average is $5.27 and its 200-day moving average is $7.09. The firm has a market cap of $285.10 million, a P/E ratio of -3.34 and a beta of 2.63.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on RYAM shares. Royal Bank of Canada decreased their price objective on 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 downgraded Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research report on Friday, April 11th.

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.