Russell Investments Group Ltd. Lowers Holdings in Rayonier Advanced Materials Inc. (NYSE:RYAM)

Russell Investments Group Ltd. lowered its stake in Rayonier Advanced Materials Inc. (NYSE:RYAM - Free Report) by 36.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 746,164 shares of the basic materials company's stock after selling 432,749 shares during the period. Russell Investments Group Ltd. owned 1.13% of Rayonier Advanced Materials worth $6,156,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in RYAM. American Century Companies Inc. lifted its position in shares of Rayonier Advanced Materials by 20.3% in 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 during the period. JPMorgan Chase & Co. raised its stake in 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 buying an additional 334,497 shares in the last quarter. Jane Street Group LLC lifted its holdings in Rayonier Advanced Materials by 176.2% in the third quarter. Jane Street Group LLC now owns 174,693 shares of the basic materials company's stock worth $1,495,000 after buying an additional 111,440 shares during the period. Barclays PLC boosted its position in 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 acquiring an additional 61,437 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in shares of Rayonier Advanced Materials during the 4th quarter worth approximately $491,000. 68.64% of the stock is owned by hedge funds and other institutional investors.

Rayonier Advanced Materials Stock Down 0.7 %

NYSE:RYAM traded down $0.03 during mid-day trading on Friday, hitting $4.41. 694,201 shares of the company's stock were exchanged, compared to its average volume of 524,827. The company has a market cap of $294.31 million, a PE ratio of -3.44 and a beta of 2.86. 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 one year low of $3.72 and a one year high of $10.28. The business has a fifty day moving average price of $5.93 and a 200 day moving average price of $7.42.

Analysts Set New Price Targets

RYAM has been the subject of a number of research analyst reports. 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 Rayonier Advanced Materials from a "buy" rating to a "hold" rating in a research report 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.