Counterpoint Mutual Funds LLC Has $725,000 Stock Holdings in Rayonier Advanced Materials Inc. (NYSE:RYAM)

Counterpoint Mutual Funds LLC increased its position in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM - Free Report) by 192.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,880 shares of the basic materials company's stock after acquiring an additional 57,809 shares during the period. Counterpoint Mutual Funds LLC owned approximately 0.13% of Rayonier Advanced Materials worth $725,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC boosted its position in shares of Rayonier Advanced Materials by 21.9% during the 3rd quarter. Empowered Funds LLC now owns 339,592 shares of the basic materials company's stock valued at $2,907,000 after purchasing an additional 61,054 shares in the last quarter. Quest Partners LLC bought a new stake in Rayonier Advanced Materials during the third quarter worth approximately $166,000. Intech Investment Management LLC acquired a new position in Rayonier Advanced Materials in the third quarter worth approximately $139,000. Massachusetts Financial Services Co. MA bought a new position in shares of Rayonier Advanced Materials in the third quarter valued at $2,574,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Rayonier Advanced Materials during the 3rd quarter valued at $171,000. 68.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on RYAM shares. Royal Bank of Canada reduced their price objective 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. StockNews.com lowered shares of Rayonier Advanced Materials from a "buy" rating to a "hold" rating in a research note on Monday, March 10th.

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Rayonier Advanced Materials Stock Down 1.2 %

NYSE:RYAM traded down $0.07 during trading hours on Friday, hitting $5.36. 1,047,764 shares of the company's stock traded hands, compared to its average volume of 492,734. Rayonier Advanced Materials Inc. has a twelve month low of $3.72 and a twelve month high of $10.28. The firm has a market cap of $353.85 million, a P/E ratio of -4.19 and a beta of 3.02. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.09 and a current ratio of 1.73. The stock's fifty day moving average price is $7.14 and its two-hundred day moving average price is $7.88.

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.