Y Intercept Hong Kong Ltd Invests $418,000 in Rayonier Advanced Materials Inc. (NYSE:RYAM)

Y Intercept Hong Kong Ltd acquired a new stake in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 50,607 shares of the basic materials company's stock, valued at approximately $418,000. Y Intercept Hong Kong Ltd owned approximately 0.08% of Rayonier Advanced Materials as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its holdings in Rayonier Advanced Materials by 1.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 63,054 shares of the basic materials company's stock valued at $540,000 after buying an additional 1,139 shares during the period. Savant Capital LLC increased its holdings in Rayonier Advanced Materials by 7.9% during the 4th quarter. Savant Capital LLC now owns 31,821 shares of the basic materials company's stock worth $263,000 after purchasing an additional 2,322 shares during the period. Rhumbline Advisers raised its position in Rayonier Advanced Materials by 3.5% during the 4th quarter. Rhumbline Advisers now owns 131,544 shares of the basic materials company's stock valued at $1,085,000 after purchasing an additional 4,445 shares in the last quarter. Ieq Capital LLC purchased a new position in shares of Rayonier Advanced Materials during the fourth quarter valued at $83,000. Finally, Entropy Technologies LP bought a new stake in shares of Rayonier Advanced Materials in the fourth quarter valued at about $84,000. Hedge funds and other institutional investors own 68.64% of the company's stock.

Analyst Ratings Changes

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

Rayonier Advanced Materials Stock Down 1.5 %

Shares of NYSE:RYAM traded down $0.12 on Monday, reaching $7.59. The company had a trading volume of 605,048 shares, compared to its average volume of 403,861. The firm has a market capitalization of $499.97 million, a PE ratio of -5.93 and a beta of 2.99. The company has a current ratio of 1.73, a quick ratio of 1.09 and a debt-to-equity ratio of 1.02. Rayonier Advanced Materials Inc. has a 52-week low of $3.56 and a 52-week high of $10.28. The firm's 50 day simple moving average is $7.68 and its 200-day simple moving average is $8.04.

Insider Activity at Rayonier Advanced Materials

In other news, Director Eric Bowen bought 12,500 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average price of $8.04 per share, with a total value of $100,500.00. Following the completion of the transaction, the director now directly owns 12,500 shares of the company's stock, valued at approximately $100,500. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.14% of the stock is owned by corporate insiders.

Rayonier Advanced Materials Company 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.