Fox Run Management L.L.C. Takes $491,000 Position in Rayonier Advanced Materials Inc. (NYSE:RYAM)

Fox Run Management L.L.C. bought a new position in Rayonier Advanced Materials Inc. (NYSE:RYAM - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 59,501 shares of the basic materials company's stock, valued at approximately $491,000. Fox Run Management L.L.C. owned approximately 0.09% of Rayonier Advanced Materials at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Ieq Capital LLC purchased a new stake in shares of Rayonier Advanced Materials in the fourth quarter worth $83,000. Entropy Technologies LP bought a new position in Rayonier Advanced Materials in the 4th quarter worth about $84,000. Summit Global Investments purchased a new stake in shares of Rayonier Advanced Materials in the 4th quarter valued at about $120,000. Aigen Investment Management LP bought a new stake in shares of Rayonier Advanced Materials during the 4th quarter valued at about $124,000. Finally, Intech Investment Management LLC bought a new stake in shares of Rayonier Advanced Materials during the 3rd quarter valued at about $139,000. 68.64% of the stock is owned by institutional investors.

Rayonier Advanced Materials Price Performance

Shares of RYAM traded down $0.23 during midday trading on Friday, reaching $5.55. The stock had a trading volume of 535,144 shares, compared to its average volume of 511,881. 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 capitalization of $365.79 million, a price-to-earnings ratio of -4.33 and a beta of 3.02. The company's 50-day moving average is $6.90 and its 200 day moving average is $7.80. Rayonier Advanced Materials Inc. has a 12-month low of $3.72 and a 12-month high of $10.28.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on RYAM shares. StockNews.com downgraded 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 lowered their price objective on shares of Rayonier Advanced Materials from $12.00 to $11.00 and set an "outperform" rating on the stock in a research report on Friday, March 7th.

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.