Rayonier Advanced Materials Inc. (NYSE:RYAM) Shares Sold by Raymond James Financial Services Advisors Inc.


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Raymond James Financial Services Advisors Inc. lowered its holdings in Rayonier Advanced Materials Inc. (NYSE:RYAM) by 10.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,736 shares of the basic materials company’s stock after selling 1,318 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Rayonier Advanced Materials were worth $70,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in Rayonier Advanced Materials by 4.0% during the fourth quarter. BlackRock Inc. now owns 9,414,433 shares of the basic materials company’s stock valued at $61,382,000 after buying an additional 363,762 shares during the period. DDD Partners LLC lifted its holdings in Rayonier Advanced Materials by 4.1% during the fourth quarter. DDD Partners LLC now owns 4,258,532 shares of the basic materials company’s stock valued at $27,766,000 after purchasing an additional 166,417 shares in the last quarter. State Street Corp lifted its holdings in Rayonier Advanced Materials by 9.1% during the third quarter. State Street Corp now owns 1,868,320 shares of the basic materials company’s stock valued at $5,979,000 after purchasing an additional 156,611 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Rayonier Advanced Materials by 2.5% during the fourth quarter. Bank of New York Mellon Corp now owns 629,571 shares of the basic materials company’s stock valued at $4,105,000 after purchasing an additional 15,308 shares in the last quarter. Finally, Credit Suisse AG lifted its holdings in Rayonier Advanced Materials by 5.4% during the fourth quarter. Credit Suisse AG now owns 278,764 shares of the basic materials company’s stock valued at $1,817,000 after purchasing an additional 14,303 shares in the last quarter. Institutional investors own 66.02% of the company’s stock.

NYSE:RYAM opened at $9.42 on Friday. The company’s 50-day moving average price is $9.62 and its 200-day moving average price is $7.00. The company has a current ratio of 2.13, a quick ratio of 1.28 and a debt-to-equity ratio of 1.52. The company has a market cap of $598.95 million, a P/E ratio of 29.44 and a beta of 3.88. Rayonier Advanced Materials Inc. has a twelve month low of $0.95 and a twelve month high of $11.30.

Rayonier Advanced Materials (NYSE:RYAM) last posted its quarterly earnings results on Tuesday, February 23rd. The basic materials company reported $0.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.24. The firm had revenue of $508.00 million for the quarter. Rayonier Advanced Materials had a net margin of 1.24% and a negative return on equity of 10.15%. On average, analysts expect that Rayonier Advanced Materials Inc. will post -0.08 earnings per share for the current year.

Separately, Zacks Investment Research raised shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Friday, April 9th.

About Rayonier Advanced Materials

Rayonier Advanced Materials Inc manufactures and sells cellulose specialty products in the United States, China, Canada, Japan, Europe, Latin America, other Asian countries, and internationally. The company operates through High Purity Cellulose, Forest Products, Paperboard, and Pulp & Newsprint segments.

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Institutional Ownership by Quarter for Rayonier Advanced Materials (NYSE:RYAM)

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