DDD Partners LLC Sells 166,422 Shares of Rayonier Advanced Materials Inc. (NYSE:RYAM)

DDD Partners LLC lowered its position in Rayonier Advanced Materials Inc. (NYSE:RYAM - Free Report) by 45.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 200,550 shares of the basic materials company's stock after selling 166,422 shares during the period. DDD Partners LLC owned 0.30% of Rayonier Advanced Materials worth $1,655,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its holdings in Rayonier Advanced Materials by 1.8% in the third 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 in the last quarter. Savant Capital LLC boosted its holdings 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 acquiring an additional 2,322 shares in the last quarter. nVerses Capital LLC boosted its holdings in Rayonier Advanced Materials by 121.9% in the third quarter. nVerses Capital LLC now owns 7,100 shares of the basic materials company's stock worth $61,000 after acquiring an additional 3,900 shares in the last quarter. Rhumbline Advisers boosted its holdings 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 acquiring an additional 4,445 shares in the last quarter. Finally, Entropy Technologies LP bought a new position in Rayonier Advanced Materials in the fourth quarter worth approximately $84,000. Institutional investors own 68.64% of the company's stock.

Insider Buying and Selling

In related news, Director Eric Bowen bought 12,500 shares of the business's stock in a transaction on Friday, December 13th. The stock was acquired at an average price of $8.04 per share, for a total transaction of $100,500.00. Following the purchase, the director now directly owns 12,500 shares in the company, valued at $100,500. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.14% of the stock is currently owned by insiders.

Rayonier Advanced Materials Stock Performance

Shares of RYAM traded down $0.05 on Thursday, reaching $7.10. 343,348 shares of the company's stock traded hands, compared to its average volume of 381,644. 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 stock has a market cap of $467.70 million, a PE ratio of -5.54 and a beta of 2.99. The stock's 50 day simple moving average is $7.70 and its two-hundred day simple moving average is $8.00. Rayonier Advanced Materials Inc. has a 52-week low of $3.15 and a 52-week high of $10.28.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Royal Bank of Canada increased their price objective on Rayonier Advanced Materials from $10.00 to $12.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. StockNews.com raised Rayonier Advanced Materials from a "hold" rating to a "buy" rating in a research note on Monday, February 3rd.

Rayonier Advanced Materials 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.