Invesco Ltd. Reduces Stake in Rayonier Advanced Materials Inc. (NYSE:RYAM)

Invesco Ltd. decreased its position in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM - Free Report) by 54.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 368,782 shares of the basic materials company's stock after selling 445,439 shares during the quarter. Invesco Ltd. owned approximately 0.56% of Rayonier Advanced Materials worth $3,042,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in RYAM. Savant Capital LLC grew 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 acquiring an additional 2,322 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Rayonier Advanced Materials by 3.5% during the fourth 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. Wells Fargo & Company MN increased its holdings in Rayonier Advanced Materials by 31.8% during the fourth quarter. Wells Fargo & Company MN now owns 41,234 shares of the basic materials company's stock valued at $340,000 after buying an additional 9,957 shares during the period. Ieq Capital LLC bought a new position in Rayonier Advanced Materials in the fourth quarter worth approximately $83,000. Finally, Entropy Technologies LP purchased a new stake in Rayonier Advanced Materials during the fourth quarter worth $84,000. Hedge funds and other institutional investors own 68.64% of the company's stock.

Analyst Upgrades and Downgrades

RYAM has been the subject of several recent research reports. Royal Bank of Canada reduced their price target 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. StockNews.com downgraded shares of Rayonier Advanced Materials from a "buy" rating to a "hold" rating in a research note on Friday, April 11th.

Rayonier Advanced Materials Stock Up 0.8 %

Shares of RYAM traded up $0.04 during mid-day trading on Thursday, hitting $4.30. 226,299 shares of the company traded hands, compared to its average volume of 526,829. Rayonier Advanced Materials Inc. has a 1-year low of $3.72 and a 1-year high of $10.28. The business has a 50 day moving average of $5.46 and a 200 day moving average of $7.18. The company has a quick ratio of 1.09, a current ratio of 1.73 and a debt-to-equity ratio of 1.02. 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 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.