Rayonier Advanced Materials Inc. $RYAM Stock Position Decreased by Savant Capital LLC

Savant Capital LLC lowered its holdings in Rayonier Advanced Materials Inc. (NYSE:RYAM) by 71.0% during the second quarter, HoldingsChannel.com reports. The fund owned 11,746 shares of the basic materials company’s stock after selling 28,752 shares during the period. Savant Capital LLC’s holdings in Rayonier Advanced Materials were worth $45,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of RYAM. Charles Schwab Investment Management Inc. grew its holdings in shares of Rayonier Advanced Materials by 57.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 651,776 shares of the basic materials company’s stock valued at $3,748,000 after purchasing an additional 238,998 shares during the last quarter. Strs Ohio acquired a new position in Rayonier Advanced Materials during the 1st quarter valued at approximately $551,000. Vanguard Group Inc. grew its stake in Rayonier Advanced Materials by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 3,794,079 shares of the basic materials company’s stock worth $21,816,000 after buying an additional 58,671 shares during the last quarter. American Century Companies Inc. increased its position in Rayonier Advanced Materials by 11.8% in the first quarter. American Century Companies Inc. now owns 2,425,104 shares of the basic materials company’s stock worth $13,944,000 after buying an additional 255,784 shares during the period. Finally, Y Intercept Hong Kong Ltd lifted its stake in Rayonier Advanced Materials by 155.9% in the first quarter. Y Intercept Hong Kong Ltd now owns 129,488 shares of the basic materials company’s stock valued at $745,000 after buying an additional 78,881 shares during the last quarter. 68.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Zacks Research upgraded shares of Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Rayonier Advanced Materials in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $6.00.

Rayonier Advanced Materials Stock Performance

Shares of RYAM opened at $6.02 on Friday. The firm has a market capitalization of $403.07 million, a PE ratio of -0.96 and a beta of 2.67. The company has a quick ratio of 0.89, a current ratio of 1.57 and a debt-to-equity ratio of 2.26. The firm has a 50-day moving average price of $6.82 and a 200 day moving average price of $5.24. Rayonier Advanced Materials Inc. has a 52-week low of $3.35 and a 52-week high of $9.16.

Rayonier Advanced Materials (NYSE:RYAM) last issued its quarterly earnings results on Tuesday, November 4th. The basic materials company reported ($0.07) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.07). Rayonier Advanced Materials had a negative net margin of 28.21% and a negative return on equity of 13.64%. The company had revenue of $352.84 million during the quarter, compared to analyst estimates of $373.70 million. On average, sell-side analysts anticipate that Rayonier Advanced Materials Inc. will post -0.08 earnings per share for the current fiscal year.

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.