American Century Companies Inc. Increases Stock Holdings in Rayonier Advanced Materials Inc. $RYAM

American Century Companies Inc. grew its holdings in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) by 6.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,721,075 shares of the basic materials company’s stock after purchasing an additional 155,268 shares during the quarter. American Century Companies Inc. owned approximately 4.06% of Rayonier Advanced Materials worth $19,646,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in RYAM. LSV Asset Management boosted its stake in shares of Rayonier Advanced Materials by 49.5% during the 2nd quarter. LSV Asset Management now owns 182,100 shares of the basic materials company’s stock worth $701,000 after acquiring an additional 60,300 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Rayonier Advanced Materials by 40.3% during the third quarter. Assenagon Asset Management S.A. now owns 346,635 shares of the basic materials company’s stock valued at $2,503,000 after purchasing an additional 99,482 shares during the period. Acadian Asset Management LLC increased its position in Rayonier Advanced Materials by 2.4% in the second quarter. Acadian Asset Management LLC now owns 1,557,852 shares of the basic materials company’s stock worth $5,996,000 after buying an additional 36,298 shares in the last quarter. Wellspring Financial Advisors LLC raised its stake in shares of Rayonier Advanced Materials by 13.3% in the second quarter. Wellspring Financial Advisors LLC now owns 139,950 shares of the basic materials company’s stock worth $539,000 after buying an additional 16,429 shares during the period. Finally, Next Capital Management LLC bought a new position in shares of Rayonier Advanced Materials in the third quarter worth about $478,000. Institutional investors own 68.64% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Wall Street Zen raised shares of Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Weiss Ratings reissued a “sell (d-)” rating on shares of Rayonier Advanced Materials in a report on Thursday, January 22nd. Royal Bank Of Canada upped their price objective on Rayonier Advanced Materials from $9.00 to $14.00 and gave the stock an “outperform” rating in a research note on Thursday, March 5th. Finally, Zacks Research raised Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $14.00.

Rayonier Advanced Materials Stock Up 3.1%

Shares of NYSE RYAM opened at $10.30 on Tuesday. The company has a current ratio of 1.58, a quick ratio of 0.92 and a debt-to-equity ratio of 2.39. Rayonier Advanced Materials Inc. has a 12-month low of $3.35 and a 12-month high of $11.05. The firm’s 50-day moving average price is $8.17 and its 200-day moving average price is $7.04. The stock has a market capitalization of $689.87 million, a price-to-earnings ratio of -1.63 and a beta of 2.14.

Rayonier Advanced Materials (NYSE:RYAM) last released its quarterly earnings results on Tuesday, March 3rd. The basic materials company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.19). Rayonier Advanced Materials had a negative return on equity of 19.70% and a negative net margin of 28.65%.The company had revenue of $417.55 million during the quarter, compared to analysts’ expectations of $364.07 million. On average, equities research analysts anticipate that Rayonier Advanced Materials Inc. will post -0.08 EPS for the current fiscal year.

Rayonier Advanced Materials Company Profile

Rayonier Advanced Materials, Inc is a publicly traded specialty bioproducts company focused on the production of high-purity cellulose and engineered wood products. Headquartered in Jacksonville, Florida, the company operates a network of manufacturing facilities across North America, New Zealand and Europe. Its cellulose specialties business produces dissolving pulps and high-purity fibers that serve a range of end markets, including food and beverage, personal care, pharmaceuticals and textiles.