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

Grace & White Inc. NY cut its holdings in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) by 3.4% in the 4th quarter, Holdings Channel reports. The firm owned 142,365 shares of the basic materials company’s stock after selling 5,000 shares during the period. Grace & White Inc. NY’s holdings in Rayonier Advanced Materials were worth $1,175,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

RYAM has been the topic of several recent analyst reports. StockNews.com upgraded Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a report on Monday, February 3rd. Royal Bank of Canada boosted their price target on shares of Rayonier Advanced Materials from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Thursday, November 7th.

Insider Activity at Rayonier Advanced Materials

In related news, Director Eric Bowen acquired 12,500 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average cost of $8.04 per share, with a total value of $100,500.00. Following the completion of the transaction, the director now owns 12,500 shares of the company’s stock, valued at approximately $100,500. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 3.14% of the stock is owned by insiders.

Rayonier Advanced Materials Trading Down 0.7 %

RYAM opened at $7.08 on Thursday. The stock has a fifty day moving average of $7.84 and a 200-day moving average of $7.97. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.09 and a current ratio of 1.73. Rayonier Advanced Materials Inc. has a 12-month low of $3.15 and a 12-month high of $10.28.

Rayonier Advanced Materials 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.