Dimensional Fund Advisors LP Purchases 146,799 Shares of Rayonier Advanced Materials Inc. (NYSE:RYAM)

Dimensional Fund Advisors LP grew its holdings in Rayonier Advanced Materials Inc. (NYSE:RYAM - Free Report) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,970,285 shares of the basic materials company's stock after acquiring an additional 146,799 shares during the period. Dimensional Fund Advisors LP owned about 6.02% of Rayonier Advanced Materials worth $32,754,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Ieq Capital LLC purchased a new position in Rayonier Advanced Materials during the fourth quarter valued at $83,000. Entropy Technologies LP bought a new position in shares of Rayonier Advanced Materials during the 4th quarter valued at about $84,000. Townsquare Capital LLC purchased a new position in shares of Rayonier Advanced Materials during the fourth quarter valued at about $85,000. Walleye Capital LLC bought a new stake in shares of Rayonier Advanced Materials in the fourth quarter worth about $113,000. Finally, Summit Global Investments purchased a new stake in shares of Rayonier Advanced Materials in the fourth quarter worth about $120,000. Institutional investors own 68.64% of the company's stock.

Rayonier Advanced Materials Price Performance

Shares of Rayonier Advanced Materials stock traded down $0.14 during trading hours on Friday, reaching $3.62. The company's stock had a trading volume of 658,369 shares, compared to its average volume of 532,653. The firm has a 50 day moving average price of $5.05 and a 200-day moving average price of $7.02. 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 stock has a market cap of $241.64 million, a P/E ratio of -2.83 and a beta of 2.63. Rayonier Advanced Materials Inc. has a one year low of $3.45 and a one year high of $10.28.

Rayonier Advanced Materials (NYSE:RYAM - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The basic materials company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.35). Rayonier Advanced Materials had a negative return on equity of 1.61% and a negative net margin of 5.21%. The company had revenue of $356.00 million for the quarter, compared to the consensus estimate of $375.80 million. On average, analysts predict that Rayonier Advanced Materials Inc. will post -0.08 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. StockNews.com upgraded Rayonier Advanced Materials from a "hold" rating to a "buy" rating in a report on Wednesday. Royal Bank of Canada cut their target price on shares of Rayonier Advanced Materials from $9.00 to $6.00 and set an "outperform" rating for the company in a report on Thursday.

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.