Rayonier Advanced Materials Inc. (NYSE:RYAM) Shares Sold by Grace & White Inc. NY

Grace & White Inc. NY reduced its position in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) by 3.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 142,365 shares of the basic materials company’s stock after selling 5,000 shares during the period. Grace & White Inc. NY owned about 0.22% of Rayonier Advanced Materials worth $1,175,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Horizon Kinetics Asset Management LLC boosted its position in Rayonier Advanced Materials by 100.3% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 233,700 shares of the basic materials company’s stock valued at $2,000,000 after purchasing an additional 117,000 shares during the period. Empowered Funds LLC lifted its stake in Rayonier Advanced Materials by 21.9% in the third quarter. Empowered Funds LLC now owns 339,592 shares of the basic materials company’s stock valued at $2,907,000 after buying an additional 61,054 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Rayonier Advanced Materials by 176.2% during the third quarter. Jane Street Group LLC now owns 174,693 shares of the basic materials company’s stock valued at $1,495,000 after acquiring an additional 111,440 shares during the period. JPMorgan Chase & Co. grew its position in shares of Rayonier Advanced Materials by 157.9% during the third quarter. JPMorgan Chase & Co. now owns 500,891 shares of the basic materials company’s stock worth $4,288,000 after acquiring an additional 306,640 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Rayonier Advanced Materials by 760.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 183,971 shares of the basic materials company’s stock worth $1,575,000 after acquiring an additional 162,588 shares during the period. 68.64% of the stock is currently owned by institutional investors.

Rayonier Advanced Materials Stock Down 0.7 %

Shares of RYAM opened at $7.08 on Thursday. Rayonier Advanced Materials Inc. has a one year low of $3.15 and a one year high of $10.28. The stock’s fifty day moving average is $7.84 and its 200-day moving average is $7.97. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.73 and a quick ratio of 1.09.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. StockNews.com raised shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. Royal Bank of Canada boosted their price objective on Rayonier Advanced Materials from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th.

Insider Activity at Rayonier Advanced Materials

In other news, Director Eric Bowen bought 12,500 shares of the business’s stock in a transaction on Friday, December 13th. The stock was purchased at an average cost of $8.04 per share, for a total transaction of $100,500.00. Following the completion of the transaction, the director now directly owns 12,500 shares of the company’s stock, valued at approximately $100,500. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.14% of the stock is currently owned by insiders.

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.