Jane Street Group LLC Has $699,000 Holdings in Rayonier Advanced Materials Inc. (NYSE:RYAM)

Jane Street Group LLC lessened its stake in Rayonier Advanced Materials Inc. (NYSE:RYAM) by 51.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,710 shares of the basic materials company’s stock after selling 89,983 shares during the quarter. Jane Street Group LLC owned about 0.13% of Rayonier Advanced Materials worth $699,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RYAM. SG Americas Securities LLC grew its position in shares of Rayonier Advanced Materials by 33.5% during the 4th quarter. SG Americas Securities LLC now owns 45,367 shares of the basic materials company’s stock worth $374,000 after buying an additional 11,384 shares during the period. Empowered Funds LLC boosted its stake in Rayonier Advanced Materials by 5.1% during the 4th quarter. Empowered Funds LLC now owns 356,960 shares of the basic materials company’s stock worth $2,945,000 after acquiring an additional 17,368 shares during the last quarter. Entropy Technologies LP bought a new position in Rayonier Advanced Materials during the 4th quarter worth approximately $84,000. Savant Capital LLC boosted its stake in Rayonier Advanced Materials by 7.9% during the 4th quarter. Savant Capital LLC now owns 31,821 shares of the basic materials company’s stock worth $263,000 after acquiring an additional 2,322 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake 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. Institutional investors and hedge funds own 68.64% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on RYAM. Royal Bank of Canada reduced their price objective on shares of Rayonier Advanced Materials from $9.00 to $6.00 and set an “outperform” rating on the stock in a research note on Thursday, May 8th. Wall Street Zen lowered shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research note on Thursday, May 15th.

Insider Activity at Rayonier Advanced Materials

In related news, CEO Delyle W. Bloomquist bought 63,291 shares of the company’s stock in a transaction dated Friday, May 16th. The stock was purchased at an average price of $3.95 per share, with a total value of $249,999.45. Following the completion of the acquisition, the chief executive officer now owns 486,024 shares of the company’s stock, valued at $1,919,794.80. The trade was a 14.97% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.41% of the stock is currently owned by corporate insiders.

Rayonier Advanced Materials Stock Performance

Shares of RYAM stock opened at $3.91 on Monday. The firm has a market cap of $260.76 million, a PE ratio of -3.05 and a beta of 2.63. Rayonier Advanced Materials Inc. has a 12 month low of $3.45 and a 12 month high of $10.28. The company’s fifty day simple moving average is $4.63 and its 200-day simple moving average is $6.68. The company has a quick ratio of 1.09, a current ratio of 1.73 and a debt-to-equity ratio of 1.02.

Rayonier Advanced Materials (NYSE:RYAM) last issued its earnings results on Tuesday, May 6th. The basic materials company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.35). Rayonier Advanced Materials had a negative return on equity of 1.61% and a negative net margin of 5.21%. The firm had revenue of $356.00 million for the quarter, compared to analyst estimates of $375.80 million. Equities research analysts expect that Rayonier Advanced Materials Inc. will post -0.08 EPS for the current fiscal year.

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.