Invesco Ltd. Sells 445,439 Shares of Rayonier Advanced Materials Inc. (NYSE:RYAM)

Invesco Ltd. lowered its stake in Rayonier Advanced Materials Inc. (NYSE:RYAM - Free Report) by 54.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 368,782 shares of the basic materials company's stock after selling 445,439 shares during the period. Invesco Ltd. owned 0.56% of Rayonier Advanced Materials worth $3,042,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Rayonier Advanced Materials by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 3,735,408 shares of the basic materials company's stock valued at $30,817,000 after purchasing an additional 26,402 shares in the last quarter. American Century Companies Inc. boosted its position in Rayonier Advanced Materials by 20.3% during the 4th quarter. American Century Companies Inc. now owns 2,169,320 shares of the basic materials company's stock valued at $17,897,000 after acquiring an additional 366,009 shares in the last quarter. Geode Capital Management LLC grew its holdings 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 worth $12,779,000 after acquiring an additional 26,032 shares during the period. Federated Hermes Inc. raised its position in shares of Rayonier Advanced Materials by 2.9% in the 4th quarter. Federated Hermes Inc. now owns 1,140,573 shares of the basic materials company's stock worth $9,410,000 after acquiring an additional 32,227 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Rayonier Advanced Materials by 66.8% in the 4th quarter. JPMorgan Chase & Co. now owns 835,388 shares of the basic materials company's stock valued at $6,892,000 after purchasing an additional 334,497 shares during the period. 68.64% of the stock is owned by hedge funds and other institutional investors.

Rayonier Advanced Materials Stock Down 0.1 %

RYAM stock opened at $4.36 on Monday. The business has a 50 day moving average of $5.64 and a 200 day moving average of $7.25. The firm has a market cap of $290.70 million, a PE ratio of -3.40 and a beta of 2.86. Rayonier Advanced Materials Inc. has a twelve month low of $3.72 and a twelve 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.

Analyst Upgrades and Downgrades

RYAM has been the topic of several recent research reports. Royal Bank of Canada decreased their price objective on Rayonier Advanced Materials from $12.00 to $11.00 and set an "outperform" rating for the company in a report on Friday, March 7th. StockNews.com cut shares of Rayonier Advanced Materials from a "buy" rating to a "hold" rating in a research report on Friday, April 11th.

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.

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