Rayonier Advanced Materials Inc. (NYSE:RYAM) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. decreased its position in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM - Free Report) by 29.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 229,193 shares of the basic materials company's stock after selling 95,844 shares during the period. Assenagon Asset Management S.A. owned approximately 0.35% of Rayonier Advanced Materials worth $1,891,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in Rayonier Advanced Materials by 157.9% during the third quarter. JPMorgan Chase & Co. now owns 500,891 shares of the basic materials company's stock valued at $4,288,000 after purchasing an additional 306,640 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Rayonier Advanced Materials by 71.6% in the 3rd quarter. Franklin Resources Inc. now owns 118,174 shares of the basic materials company's stock worth $962,000 after buying an additional 49,309 shares during the last quarter. Barclays PLC increased its holdings in shares of Rayonier Advanced Materials by 273.6% in the 3rd quarter. Barclays PLC now owns 83,893 shares of the basic materials company's stock worth $718,000 after buying an additional 61,437 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Rayonier Advanced Materials by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,492,578 shares of the basic materials company's stock valued at $12,779,000 after buying an additional 26,032 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Rayonier Advanced Materials by 1.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 63,054 shares of the basic materials company's stock valued at $540,000 after acquiring an additional 1,139 shares during the last quarter. 68.64% of the stock is owned by institutional investors.

Rayonier Advanced Materials Stock Down 0.2 %

Shares of RYAM stock traded down $0.02 during trading hours on Friday, reaching $8.08. 204,995 shares of the company's stock were exchanged, compared to its average volume of 387,526. Rayonier Advanced Materials Inc. has a fifty-two week low of $3.15 and a fifty-two week high of $10.28. The stock's 50 day moving average is $8.13 and its 200-day moving average is $7.76. The company has a current ratio of 1.73, a quick ratio of 1.09 and a debt-to-equity ratio of 1.02. The company has a market cap of $532.30 million, a price-to-earnings ratio of -6.31 and a beta of 3.02.

Rayonier Advanced Materials (NYSE:RYAM - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.06. The firm had revenue of $401.00 million for the quarter, compared to the consensus estimate of $412.20 million. Rayonier Advanced Materials had a negative net margin of 5.21% and a negative return on equity of 1.61%. During the same quarter in the prior year, the company posted ($0.41) earnings per share. Analysts predict that Rayonier Advanced Materials Inc. will post -0.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Rayonier Advanced Materials

In other Rayonier Advanced Materials news, Director Eric Bowen acquired 12,500 shares of the company's stock in a transaction dated Friday, December 13th. The shares were acquired at an average cost of $8.04 per share, with a total value of $100,500.00. Following the acquisition, the director now directly owns 12,500 shares of the company's stock, valued at approximately $100,500. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.14% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on RYAM shares. Royal Bank of Canada upped their target price on Rayonier Advanced Materials from $10.00 to $12.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. StockNews.com downgraded Rayonier Advanced Materials from a "buy" rating to a "hold" rating in a research report on Friday, December 20th.

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.