American Century Companies Inc. Purchases 140,703 Shares of Rayonier Advanced Materials Inc. $RYAM

American Century Companies Inc. grew its position in Rayonier Advanced Materials Inc. (NYSE:RYAM) by 5.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,565,807 shares of the basic materials company’s stock after buying an additional 140,703 shares during the period. American Century Companies Inc. owned 3.83% of Rayonier Advanced Materials worth $9,878,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Rayonier Advanced Materials by 1.6% in the first quarter. Vanguard Group Inc. now owns 3,794,079 shares of the basic materials company’s stock valued at $21,816,000 after acquiring an additional 58,671 shares during the last quarter. Acadian Asset Management LLC lifted its position in Rayonier Advanced Materials by 2.4% during the 2nd quarter. Acadian Asset Management LLC now owns 1,557,852 shares of the basic materials company’s stock valued at $5,996,000 after purchasing an additional 36,298 shares during the period. Geode Capital Management LLC boosted its stake in shares of Rayonier Advanced Materials by 1.3% in the 2nd quarter. Geode Capital Management LLC now owns 1,539,236 shares of the basic materials company’s stock valued at $5,927,000 after purchasing an additional 19,999 shares during the last quarter. Millennium Management LLC grew its position in shares of Rayonier Advanced Materials by 38.0% during the 1st quarter. Millennium Management LLC now owns 1,168,291 shares of the basic materials company’s stock worth $6,718,000 after buying an additional 321,613 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Rayonier Advanced Materials during the 1st quarter worth approximately $3,750,000. Institutional investors and hedge funds own 68.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on RYAM shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rayonier Advanced Materials in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Rayonier Advanced Materials presently has a consensus rating of “Hold” and an average price target of $6.00.

Rayonier Advanced Materials Stock Performance

Shares of RYAM stock opened at $6.39 on Friday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.89 and a current ratio of 1.57. Rayonier Advanced Materials Inc. has a 52 week low of $3.35 and a 52 week high of $8.65. The company’s 50 day moving average price is $6.74 and its two-hundred day moving average price is $5.40. The company has a market capitalization of $428.06 million, a P/E ratio of -1.02 and a beta of 2.17.

Rayonier Advanced Materials (NYSE:RYAM) last issued its quarterly earnings data on Tuesday, November 4th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.07). Rayonier Advanced Materials had a negative net margin of 28.21% and a negative return on equity of 13.64%. The company had revenue of $352.84 million during the quarter, compared to the consensus estimate of $373.70 million. On average, analysts expect that Rayonier Advanced Materials Inc. will post -0.08 earnings per share for the current fiscal year.

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.