JPMorgan Chase & Co. Boosts Stock Position in Rayonier Advanced Materials Inc. (NYSE:RYAM)

JPMorgan Chase & Co. increased its holdings in Rayonier Advanced Materials Inc. (NYSE:RYAM - Free Report) by 66.8% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 835,388 shares of the basic materials company's stock after buying an additional 334,497 shares during the quarter. JPMorgan Chase & Co. owned about 1.27% of Rayonier Advanced Materials worth $6,892,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in RYAM. Vanguard Group Inc. increased its position 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 during the last quarter. American Century Companies Inc. increased its holdings in Rayonier Advanced Materials by 20.3% during the fourth quarter. American Century Companies Inc. now owns 2,169,320 shares of the basic materials company's stock valued at $17,897,000 after buying an additional 366,009 shares during the last quarter. Geode Capital Management LLC raised its position in Rayonier Advanced Materials by 1.8% in the third 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. State Street Corp boosted its stake in shares of Rayonier Advanced Materials by 1.1% during the 3rd quarter. State Street Corp now owns 1,440,085 shares of the basic materials company's stock worth $12,327,000 after acquiring an additional 16,139 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in shares of Rayonier Advanced Materials by 5.1% in the 4th quarter. Empowered Funds LLC now owns 356,960 shares of the basic materials company's stock worth $2,945,000 after purchasing an additional 17,368 shares in the last quarter. 68.64% of the stock is owned by hedge funds and other institutional investors.

Rayonier Advanced Materials Trading Down 0.7 %

Shares of NYSE:RYAM traded down $0.03 during trading hours on Friday, hitting $4.41. 694,201 shares of the company's stock traded hands, compared to its average volume of 525,638. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.73 and a quick ratio of 1.09. The business has a fifty day moving average price of $5.93 and a 200-day moving average price of $7.42. Rayonier Advanced Materials Inc. has a 1 year low of $3.72 and a 1 year high of $10.28. The firm has a market capitalization of $294.31 million, a P/E ratio of -3.44 and a beta of 2.86.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Royal Bank of Canada reduced their price target on Rayonier Advanced Materials from $12.00 to $11.00 and set an "outperform" rating for the company in a research report on Friday, March 7th. StockNews.com lowered shares of Rayonier Advanced Materials from a "buy" rating to a "hold" rating in a report on Friday, April 11th.

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.