10,200 Shares in Rayonier Advanced Materials Inc. (NYSE:RYAM) Purchased by Entropy Technologies LP

Entropy Technologies LP bought a new position in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,200 shares of the basic materials company’s stock, valued at approximately $84,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Horizon Kinetics Asset Management LLC grew its holdings in 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 purchasing an additional 117,000 shares during the period. Empowered Funds LLC grew its holdings 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 purchasing an additional 61,054 shares during the period. Jane Street Group LLC grew 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 valued at $1,495,000 after purchasing an additional 111,440 shares during the period. JPMorgan Chase & Co. grew its holdings in Rayonier Advanced Materials by 157.9% in 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 period. Finally, BNP Paribas Financial Markets grew its holdings in Rayonier Advanced Materials by 760.4% in the third 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 owned by institutional investors and hedge funds.

Insider Transactions at Rayonier Advanced Materials

In related news, Director Eric Bowen acquired 12,500 shares of Rayonier Advanced Materials stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average price of $8.04 per share, for a total transaction of $100,500.00. Following the completion of the transaction, the director now owns 12,500 shares in the company, valued at $100,500. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.14% of the company’s stock.

Wall Street Analyst Weigh In

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

Rayonier Advanced Materials Stock Performance

Shares of NYSE:RYAM opened at $7.32 on Friday. 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 business’s 50 day moving average price is $7.78 and its 200-day moving average price is $7.96. The firm has a market capitalization of $482.24 million, a PE ratio of -5.72 and a beta of 2.99. Rayonier Advanced Materials Inc. has a 1 year low of $3.15 and a 1 year high of $10.28.

About Rayonier Advanced Materials

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.