DDD Partners LLC Reduces Stock Position in Rayonier Advanced Materials Inc. (NYSE:RYAM)

DDD Partners LLC decreased its stake in Rayonier Advanced Materials Inc. (NYSE:RYAM) by 14.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 980,663 shares of the basic materials company’s stock after selling 171,408 shares during the period. DDD Partners LLC owned about 1.50% of Rayonier Advanced Materials worth $3,972,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Rayonier Advanced Materials by 0.3% in the 1st quarter. BlackRock Inc. now owns 9,971,477 shares of the basic materials company’s stock worth $65,513,000 after purchasing an additional 28,169 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Rayonier Advanced Materials by 8.2% during the first quarter. Dimensional Fund Advisors LP now owns 4,535,440 shares of the basic materials company’s stock valued at $28,437,000 after purchasing an additional 342,630 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Rayonier Advanced Materials by 6.2% in the third quarter. Vanguard Group Inc. now owns 4,347,799 shares of the basic materials company’s stock worth $13,696,000 after buying an additional 253,960 shares in the last quarter. Invesco Ltd. increased its position in Rayonier Advanced Materials by 27.7% in the first quarter. Invesco Ltd. now owns 3,304,887 shares of the basic materials company’s stock worth $21,713,000 after purchasing an additional 717,466 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Rayonier Advanced Materials by 6.2% during the second quarter. Renaissance Technologies LLC now owns 2,393,244 shares of the basic materials company’s stock valued at $10,243,000 after acquiring an additional 139,630 shares during the last quarter. Institutional investors own 68.64% of the company’s stock.

Rayonier Advanced Materials Stock Up 5.8 %

RYAM stock opened at $4.77 on Thursday. Rayonier Advanced Materials Inc. has a twelve month low of $2.66 and a twelve month high of $6.47. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.53 and a quick ratio of 0.98. The business has a 50 day simple moving average of $4.26 and a 200-day simple moving average of $3.70.

Rayonier Advanced Materials (NYSE:RYAM) last released its quarterly earnings data on Tuesday, February 27th. The basic materials company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.16). The firm had revenue of $422.00 million during the quarter, compared to analysts’ expectations of $442.40 million. Rayonier Advanced Materials had a negative return on equity of 6.80% and a negative net margin of 6.15%. As a group, equities analysts expect that Rayonier Advanced Materials Inc. will post -0.34 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Rayonier Advanced Materials from a “hold” rating to a “sell” rating in a research report on Thursday, March 7th.

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.