Vanguard Personalized Indexing Management LLC Trims Stock Position in Rayonier Advanced Materials Inc. $RYAM

Vanguard Personalized Indexing Management LLC cut its holdings in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) by 21.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,442 shares of the basic materials company’s stock after selling 4,059 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Rayonier Advanced Materials were worth $56,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Inspire Investing LLC grew its position in shares of Rayonier Advanced Materials by 67.6% during the 2nd quarter. Inspire Investing LLC now owns 100,690 shares of the basic materials company’s stock valued at $388,000 after acquiring an additional 40,610 shares during the period. SummerHaven Investment Management LLC boosted its holdings in Rayonier Advanced Materials by 2.4% in the 2nd quarter. SummerHaven Investment Management LLC now owns 144,165 shares of the basic materials company’s stock worth $555,000 after buying an additional 3,382 shares during the last quarter. Voya Investment Management LLC boosted its holdings in Rayonier Advanced Materials by 49.0% in the 1st quarter. Voya Investment Management LLC now owns 489,209 shares of the basic materials company’s stock worth $2,813,000 after buying an additional 160,788 shares during the last quarter. Strs Ohio acquired a new stake in Rayonier Advanced Materials in the 1st quarter worth about $551,000. Finally, Empowered Funds LLC boosted its holdings in Rayonier Advanced Materials by 4.2% in the 1st quarter. Empowered Funds LLC now owns 372,031 shares of the basic materials company’s stock worth $2,139,000 after buying an additional 15,071 shares during the last quarter. 68.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Rayonier Advanced Materials

In other Rayonier Advanced Materials news, CEO Delyle W. Bloomquist bought 53,533 shares of Rayonier Advanced Materials stock in a transaction dated Tuesday, August 12th. The stock was acquired at an average cost of $4.71 per share, with a total value of $252,140.43. Following the completion of the acquisition, the chief executive officer owned 539,557 shares of the company’s stock, valued at approximately $2,541,313.47. This represents a 11.01% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.41% of the stock is owned by corporate insiders.

Rayonier Advanced Materials Stock Down 1.8%

Shares of NYSE RYAM opened at $7.21 on Tuesday. The firm has a market cap of $482.81 million, a price-to-earnings ratio of -1.08 and a beta of 2.64. The company has a quick ratio of 0.83, a current ratio of 1.45 and a debt-to-equity ratio of 2.10. Rayonier Advanced Materials Inc. has a 52-week low of $3.35 and a 52-week high of $10.28. The business’s 50 day moving average is $6.60 and its two-hundred day moving average is $5.01.

Rayonier Advanced Materials (NYSE:RYAM) last posted its quarterly earnings results on Tuesday, August 5th. The basic materials company reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.23). The business had revenue of $340.00 million during the quarter, compared to analyst estimates of $387.07 million. Rayonier Advanced Materials had a negative return on equity of 12.11% and a negative net margin of 29.23%. Research analysts predict that Rayonier Advanced Materials Inc. will post -0.08 EPS for the current year.

Analyst Ratings Changes

RYAM has been the topic of several research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rayonier Advanced Materials in a report on Wednesday, October 8th. Zacks Research cut Rayonier Advanced Materials from a “hold” rating to a “strong sell” rating in a report on Monday, October 13th. One research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $6.00.

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.