Wells Fargo & Company MN grew its position in shares of Rayonier Advanced Materials Inc (NYSE:RYAM) by 34.3% in the third quarter, Holdings Channel reports. The fund owned 97,702 shares of the basic materials company’s stock after acquiring an additional 24,937 shares during the period. Wells Fargo & Company MN’s holdings in Rayonier Advanced Materials were worth $1,338,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in RYAM. PNC Financial Services Group Inc. raised its stake in shares of Rayonier Advanced Materials by 6.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,946 shares of the basic materials company’s stock worth $110,000 after purchasing an additional 399 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of Rayonier Advanced Materials by 1,613.9% during the 3rd quarter. Quantbot Technologies LP now owns 10,129 shares of the basic materials company’s stock worth $138,000 after purchasing an additional 9,538 shares in the last quarter. Smith Asset Management Group LP bought a new stake in shares of Rayonier Advanced Materials during the 3rd quarter worth approximately $146,000. Crossmark Global Holdings Inc. bought a new stake in shares of Rayonier Advanced Materials during the 3rd quarter worth approximately $176,000. Finally, Trexquant Investment LP bought a new stake in shares of Rayonier Advanced Materials during the 3rd quarter worth approximately $217,000. 95.30% of the stock is owned by hedge funds and other institutional investors.

Shares of Rayonier Advanced Materials Inc (RYAM) opened at $19.79 on Tuesday. Rayonier Advanced Materials Inc has a 12 month low of $11.88 and a 12 month high of $20.99. The company has a quick ratio of 1.20, a current ratio of 1.46 and a debt-to-equity ratio of 2.19. The firm has a market capitalization of $836.54, a price-to-earnings ratio of 30.92, a P/E/G ratio of 2.20 and a beta of 4.42.

Rayonier Advanced Materials (NYSE:RYAM) last posted its quarterly earnings results on Wednesday, November 1st. The basic materials company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Rayonier Advanced Materials had a return on equity of 18.12% and a net margin of 4.98%. The business had revenue of $210.00 million for the quarter, compared to analysts’ expectations of $200.66 million. During the same quarter in the prior year, the business earned $0.44 EPS. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. equities analysts expect that Rayonier Advanced Materials Inc will post 0.61 earnings per share for the current year.

A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada reiterated a “buy” rating and set a $18.00 price objective on shares of Rayonier Advanced Materials in a research note on Friday, October 27th. ValuEngine cut Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Zacks Investment Research upgraded Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 8th. TheStreet upgraded Rayonier Advanced Materials from a “c” rating to a “b” rating in a research note on Wednesday, December 13th. Finally, Vertical Research cut Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Rayonier Advanced Materials presently has an average rating of “Buy” and an average price target of $20.00.

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Rayonier Advanced Materials Profile

Rayonier Advanced Materials Inc is engaged in the production of cellulose specialties. The Company’s product lines include cellulose specialties and commodity products. Its products are used in manufacturing processes. The Company’s products are sold throughout the world to companies for use in various industrial applications, and to produce a range of products, including cigarette filters, foods, pharmaceuticals, textiles and electronics.

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Institutional Ownership by Quarter for Rayonier Advanced Materials (NYSE:RYAM)

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