AQR Capital Management LLC Increases Stake in Rayonier Advanced Materials Inc. (NYSE:RYAM)

AQR Capital Management LLC lifted its holdings in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM - Free Report) by 64.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 507,373 shares of the basic materials company's stock after acquiring an additional 198,709 shares during the period. AQR Capital Management LLC owned approximately 0.77% of Rayonier Advanced Materials worth $4,186,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in shares of Rayonier Advanced Materials by 3.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,970,285 shares of the basic materials company's stock worth $32,754,000 after acquiring an additional 146,799 shares during the period. Vanguard Group Inc. raised its holdings in 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 valued at $30,817,000 after acquiring an additional 26,402 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Rayonier Advanced Materials by 20.3% during the 4th 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 in the last quarter. Renaissance Technologies LLC grew its position in Rayonier Advanced Materials by 29.8% in the fourth quarter. Renaissance Technologies LLC now owns 2,021,444 shares of the basic materials company's stock valued at $16,677,000 after acquiring an additional 464,630 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in Rayonier Advanced Materials by 2.9% in the fourth quarter. Federated Hermes Inc. now owns 1,140,573 shares of the basic materials company's stock valued at $9,410,000 after acquiring an additional 32,227 shares during the last quarter. 68.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on RYAM. Royal Bank of Canada cut their price objective on Rayonier Advanced Materials from $9.00 to $6.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. StockNews.com downgraded Rayonier Advanced Materials from a "buy" rating to a "hold" rating in a report on Thursday.

Rayonier Advanced Materials Price Performance

NYSE RYAM traded down $0.01 during trading on Thursday, reaching $3.96. The company's stock had a trading volume of 180,432 shares, compared to its average volume of 532,000. 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 capitalization of $264.10 million, a PE ratio of -3.07 and a beta of 2.63. The firm has a fifty day moving average of $4.82 and a 200 day moving average of $6.92. 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 released 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). The business had revenue of $356.00 million during the quarter, compared to analysts' expectations of $375.80 million. Rayonier Advanced Materials had a negative return on equity of 1.61% and a negative net margin of 5.21%. Analysts expect that Rayonier Advanced Materials Inc. will post -0.08 EPS for the current fiscal year.

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.