Marshall Wace LLP Invests $1.23 Million in Rayonier Advanced Materials Inc. (NYSE:RYAM)

Marshall Wace LLP acquired a new stake in Rayonier Advanced Materials Inc. (NYSE:RYAM - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 148,612 shares of the basic materials company's stock, valued at approximately $1,226,000. Marshall Wace LLP owned about 0.23% of Rayonier Advanced Materials as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Renaissance Technologies LLC boosted its position in shares of Rayonier Advanced Materials by 29.8% during the fourth quarter. Renaissance Technologies LLC now owns 2,021,444 shares of the basic materials company's stock worth $16,677,000 after purchasing an additional 464,630 shares in the last quarter. American Century Companies Inc. lifted its holdings in Rayonier Advanced Materials by 20.3% during 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 acquiring an additional 366,009 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Rayonier Advanced Materials by 66.8% in the fourth quarter. JPMorgan Chase & Co. now owns 835,388 shares of the basic materials company's stock worth $6,892,000 after acquiring an additional 334,497 shares in the last quarter. Zacks Investment Management acquired a new stake in shares of Rayonier Advanced Materials during the fourth quarter worth about $935,000. Finally, Barclays PLC lifted its holdings in shares of Rayonier Advanced Materials by 273.6% during the 3rd quarter. Barclays PLC now owns 83,893 shares of the basic materials company's stock valued at $718,000 after purchasing an additional 61,437 shares in the last quarter. Institutional investors own 68.64% of the company's stock.

Rayonier Advanced Materials Stock Down 2.2 %

Shares of RYAM traded down $0.10 during mid-day trading on Monday, hitting $4.37. 45,562 shares of the company's stock were exchanged, compared to its average volume of 526,353. 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 Inc. has a 52 week low of $3.83 and a 52 week high of $10.28. The company has a market cap of $291.71 million, a PE ratio of -3.41 and a beta of 2.63. The company has a 50-day simple moving average of $5.34 and a 200 day simple moving average of $7.11.

Analyst Ratings Changes

A number of research firms recently issued reports on RYAM. Royal Bank of Canada lowered their target price on Rayonier Advanced Materials from $12.00 to $11.00 and set an "outperform" rating for the company in a research note on Friday, March 7th. StockNews.com lowered shares of Rayonier Advanced Materials from a "buy" rating to a "hold" rating in a research note on Friday, April 11th.

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.