Fox Run Management L.L.C. Takes Position in Rayonier Advanced Materials Inc. (NYSE:RYAM)

Fox Run Management L.L.C. acquired a new position in Rayonier Advanced Materials Inc. (NYSE:RYAM) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 59,501 shares of the basic materials company’s stock, valued at approximately $491,000. Fox Run Management L.L.C. owned 0.09% of Rayonier Advanced Materials as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. grew its position in Rayonier Advanced Materials by 20.3% in the 4th quarter. American Century Companies Inc. now owns 2,169,320 shares of the basic materials company’s stock worth $17,897,000 after purchasing an additional 366,009 shares during the last quarter. Summit Global Investments bought a new position in Rayonier Advanced Materials in the 4th quarter worth approximately $120,000. Oxford Financial Group LTD. LLC bought a new position in Rayonier Advanced Materials in the 4th quarter worth approximately $157,000. Counterpoint Mutual Funds LLC increased its position in Rayonier Advanced Materials by 192.2% in the 4th quarter. Counterpoint Mutual Funds LLC now owns 87,880 shares of the basic materials company’s stock valued at $725,000 after acquiring an additional 57,809 shares during the period. Finally, Aigen Investment Management LP bought a new stake in Rayonier Advanced Materials during the 4th quarter valued at $124,000. 68.64% of the stock is currently owned by institutional investors.

Rayonier Advanced Materials Stock Performance

RYAM opened at $5.66 on Wednesday. Rayonier Advanced Materials Inc. has a 1-year low of $3.72 and a 1-year high of $10.28. The company has a market capitalization of $373.37 million, a price-to-earnings ratio of -4.42 and a beta of 3.02. The business has a 50 day moving average price of $7.02 and a two-hundred day moving average price of $7.83. 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 Analyst Weigh In

A number of research analysts have recently commented on the company. StockNews.com lowered Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Royal Bank of Canada lowered their target price on shares of Rayonier Advanced Materials from $12.00 to $11.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th.

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.