Boston Partners Reduces Stock Position in Rayonier Advanced Materials Inc. (NYSE:RYAM)

Boston Partners reduced its stake in Rayonier Advanced Materials Inc. (NYSE:RYAM - Free Report) by 26.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,480,936 shares of the basic materials company's stock after selling 519,228 shares during the period. Boston Partners owned 2.25% of Rayonier Advanced Materials worth $12,214,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of RYAM. Public Employees Retirement System of Ohio grew its holdings in shares of Rayonier Advanced Materials by 1.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 63,054 shares of the basic materials company's stock worth $540,000 after acquiring an additional 1,139 shares during the period. Savant Capital LLC grew its stake in Rayonier Advanced Materials by 7.9% in the fourth quarter. Savant Capital LLC now owns 31,821 shares of the basic materials company's stock worth $263,000 after purchasing an additional 2,322 shares during the period. Rhumbline Advisers grew its stake in Rayonier Advanced Materials by 3.5% in the fourth quarter. Rhumbline Advisers now owns 131,544 shares of the basic materials company's stock worth $1,085,000 after purchasing an additional 4,445 shares during the period. Ieq Capital LLC bought a new position in Rayonier Advanced Materials in the fourth quarter worth $83,000. Finally, Entropy Technologies LP purchased a new position in Rayonier Advanced Materials during the fourth quarter valued at $84,000. 68.64% of the stock is currently owned by hedge funds and other institutional investors.

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Rayonier Advanced Materials Stock Up 3.1 %

Shares of NYSE RYAM traded up $0.17 during trading on Tuesday, reaching $5.66. The company had a trading volume of 666,145 shares, compared to its average volume of 492,015. The stock has a market cap of $373.37 million, a PE ratio of -4.42 and a beta of 3.02. The business's 50-day moving average is $7.05 and its 200 day moving average is $7.85. Rayonier Advanced Materials Inc. has a 12-month low of $3.72 and a 12-month high of $10.28. The company has a quick ratio of 1.09, a current ratio of 1.73 and a debt-to-equity ratio of 1.02.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on RYAM shares. StockNews.com lowered shares of Rayonier Advanced Materials from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. Royal Bank of Canada decreased their target price on shares of Rayonier Advanced Materials from $12.00 to $11.00 and set an "outperform" rating for the company in a research note on Friday, March 7th.

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.