Sugarloaf Wealth Management LLC Sells 9,876 Shares of Rayonier Advanced Materials Inc. (NYSE:RYAM)

Sugarloaf Wealth Management LLC reduced its stake in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) by 51.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,285 shares of the basic materials company’s stock after selling 9,876 shares during the quarter. Sugarloaf Wealth Management LLC’s holdings in Rayonier Advanced Materials were worth $77,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Bank of New York Mellon Corp grew its position in Rayonier Advanced Materials by 8.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 333,677 shares of the basic materials company’s stock worth $1,815,000 after acquiring an additional 24,627 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Rayonier Advanced Materials by 14.3% during the second quarter. Rhumbline Advisers now owns 149,490 shares of the basic materials company’s stock valued at $813,000 after purchasing an additional 18,754 shares during the period. American Century Companies Inc. grew its holdings in shares of Rayonier Advanced Materials by 24.7% in the second quarter. American Century Companies Inc. now owns 1,516,198 shares of the basic materials company’s stock worth $8,248,000 after purchasing an additional 300,793 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Rayonier Advanced Materials by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 3,598,490 shares of the basic materials company’s stock worth $19,576,000 after buying an additional 201,939 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Rayonier Advanced Materials by 7.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,496,142 shares of the basic materials company’s stock valued at $8,139,000 after buying an additional 101,128 shares during the last quarter. Hedge funds and other institutional investors own 68.64% of the company’s stock.

Insider Buying and Selling at Rayonier Advanced Materials

In other Rayonier Advanced Materials news, Director Eric Bowen bought 12,500 shares of the company’s stock in a transaction dated 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 acquisition, the director now owns 12,500 shares in the company, valued at approximately $100,500. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 3.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada raised their price target on shares of Rayonier Advanced Materials from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. StockNews.com cut Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research note on Friday, December 20th.

Rayonier Advanced Materials Stock Performance

Shares of RYAM stock opened at $7.54 on Friday. The firm has a market capitalization of $497.01 million, a price-to-earnings ratio of -5.89 and a beta of 3.02. The stock has a fifty day moving average of $8.43 and a 200 day moving average of $7.62. Rayonier Advanced Materials Inc. has a 52 week low of $3.15 and a 52 week high of $10.28. The company has a quick ratio of 1.09, a current ratio of 1.73 and a debt-to-equity ratio of 1.02.

Rayonier Advanced Materials (NYSE:RYAM) last posted its earnings results on Tuesday, November 5th. The basic materials company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.06. Rayonier Advanced Materials had a negative net margin of 5.21% and a negative return on equity of 1.61%. The firm had revenue of $401.00 million during the quarter, compared to analysts’ expectations of $412.20 million. During the same period last year, the company posted ($0.41) EPS. As a group, research analysts expect that Rayonier Advanced Materials Inc. will post -0.08 earnings per share for the current year.

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.