Rayonier Advanced Materials Inc. $RYAM Shares Bought by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Rayonier Advanced Materials by 57.9% in Q1, owning approximately 651,776 shares valued at $3.75 million by the end of the quarter.
• CEO Delyle W. Bloomquist purchased 53,533 shares of the company at an average price of $4.71 per share, resulting in an 11.01% increase in their ownership.
• Rayonier Advanced Materials reported a negative EPS of ($0.43) for the quarter, missing expectations, and analysts currently have a consensus rating of "Hold" with a target price of $6.00.

Charles Schwab Investment Management Inc. lifted its holdings in Rayonier Advanced Materials Inc. (NYSE:RYAM - Free Report) by 57.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 651,776 shares of the basic materials company's stock after buying an additional 238,998 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.98% of Rayonier Advanced Materials worth $3,748,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in Rayonier Advanced Materials by 3.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,970,285 shares of the basic materials company's stock valued at $32,754,000 after acquiring an additional 146,799 shares during the period. Vanguard Group Inc. increased its holdings in shares of Rayonier Advanced Materials by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 3,794,079 shares of the basic materials company's stock valued at $21,816,000 after purchasing an additional 58,671 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Rayonier Advanced Materials by 127.0% in the fourth quarter. Millennium Management LLC now owns 846,678 shares of the basic materials company's stock valued at $6,985,000 after purchasing an additional 473,723 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of Rayonier Advanced Materials by 1.0% during the 4th quarter. Nuveen Asset Management LLC now owns 655,994 shares of the basic materials company's stock worth $5,412,000 after acquiring an additional 6,810 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Rayonier Advanced Materials by 6.9% in the 4th quarter. Northern Trust Corp now owns 581,204 shares of the basic materials company's stock valued at $4,795,000 after purchasing an additional 37,547 shares in the last quarter. Institutional investors and hedge funds own 68.64% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on RYAM shares. Royal Bank Of Canada decreased their target price on Rayonier Advanced Materials from $9.00 to $6.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Zacks Research raised Rayonier Advanced Materials to a "strong sell" rating in a research note on Friday, August 8th. Finally, Wall Street Zen lowered shares of Rayonier Advanced Materials from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $6.00.

Rayonier Advanced Materials Trading Up 3.6%

NYSE:RYAM traded up $0.20 during mid-day trading on Wednesday, reaching $5.82. The company's stock had a trading volume of 729,782 shares, compared to its average volume of 563,925. The stock has a market cap of $389.95 million, a P/E ratio of -0.87 and a beta of 2.56. Rayonier Advanced Materials Inc. has a twelve month low of $3.35 and a twelve month high of $10.28. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.45 and a quick ratio of 0.83. The company's fifty day simple moving average is $4.48 and its two-hundred day simple moving average is $4.78.

Rayonier Advanced Materials (NYSE:RYAM - Get Free Report) last released its earnings results on Tuesday, August 5th. The basic materials company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.23). Rayonier Advanced Materials had a negative net margin of 29.23% and a negative return on equity of 12.11%. The company had revenue of $340.00 million during the quarter, compared to analysts' expectations of $387.07 million. On average, equities analysts predict that Rayonier Advanced Materials Inc. will post -0.08 EPS for the current year.

Insider Activity

In other news, CEO Delyle W. Bloomquist acquired 53,533 shares of the company's stock in a transaction dated Tuesday, August 12th. The stock was acquired at an average cost of $4.71 per share, for a total transaction of $252,140.43. Following the acquisition, the chief executive officer directly owned 539,557 shares in the company, valued at approximately $2,541,313.47. This represents a 11.01% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 4.41% of the stock is owned by corporate insiders.

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.