113,366 Shares in Rayonier Advanced Materials Inc. (NYSE:RYAM) Purchased by Zacks Investment Management

Zacks Investment Management 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 disclosure with the Securities & Exchange Commission. The institutional investor acquired 113,366 shares of the basic materials company's stock, valued at approximately $935,000. Zacks Investment Management owned about 0.17% of Rayonier Advanced Materials as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in RYAM. Vanguard Group Inc. lifted its position in shares of Rayonier Advanced Materials by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 3,735,408 shares of the basic materials company's stock worth $30,817,000 after acquiring an additional 26,402 shares during the period. American Century Companies Inc. lifted its position in Rayonier Advanced Materials by 20.3% in the fourth quarter. American Century Companies Inc. now owns 2,169,320 shares of the basic materials company's stock worth $17,897,000 after purchasing an additional 366,009 shares during the period. Renaissance Technologies LLC increased its holdings in Rayonier Advanced Materials by 29.8% in the 4th quarter. Renaissance Technologies LLC now owns 2,021,444 shares of the basic materials company's stock valued at $16,677,000 after buying an additional 464,630 shares during the period. Geode Capital Management LLC raised its stake in shares of Rayonier Advanced Materials by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,492,578 shares of the basic materials company's stock valued at $12,779,000 after buying an additional 26,032 shares in the last quarter. Finally, State Street Corp lifted its holdings 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 period. Institutional investors own 68.64% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on RYAM shares. StockNews.com lowered shares of Rayonier Advanced Materials from a "buy" rating to a "hold" rating in a research report on Friday, April 11th. Royal Bank of Canada cut their target price 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.

Rayonier Advanced Materials Price Performance

Shares of RYAM traded down $0.04 on Thursday, hitting $4.30. The company's stock had a trading volume of 87,841 shares, compared to its average volume of 509,188. The company has a market capitalization of $286.70 million, a PE ratio of -3.36 and a beta of 2.86. Rayonier Advanced Materials Inc. has a fifty-two week low of $3.71 and a fifty-two week high of $10.28. The company has a 50 day moving average price of $5.76 and a 200 day moving average price of $7.33. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.73 and a quick ratio of 1.09.

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.