Rayonier Advanced Materials Inc. (RYAM) Position Trimmed by Public Sector Pension investment Board

Public Sector Pension investment Board reduced its position in Rayonier Advanced Materials Inc. (NYSE:RYAM) by 24.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,340 shares of the basic materials company’s stock after selling 7,200 shares during the period. Public Sector Pension investment Board owned about 0.05% of Rayonier Advanced Materials worth $351,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in RYAM. Arizona State Retirement System raised its stake in Rayonier Advanced Materials by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 22,605 shares of the basic materials company’s stock valued at $355,000 after buying an additional 100 shares during the last quarter. Texas Permanent School Fund raised its stake in Rayonier Advanced Materials by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 31,590 shares of the basic materials company’s stock valued at $497,000 after buying an additional 264 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in 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 valued at $110,000 after buying an additional 399 shares during the last quarter. Ngam Advisors L.P. raised its stake in Rayonier Advanced Materials by 2.0% during the 1st quarter. Ngam Advisors L.P. now owns 28,448 shares of the basic materials company’s stock valued at $383,000 after buying an additional 566 shares during the last quarter. Finally, Mason Street Advisors LLC raised its stake in Rayonier Advanced Materials by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 10,118 shares of the basic materials company’s stock valued at $136,000 after buying an additional 663 shares during the last quarter. Institutional investors own 93.47% of the company’s stock.

In other Rayonier Advanced Materials news, Director Delyle W. Bloomquist bought 5,600 shares of Rayonier Advanced Materials stock in a transaction that occurred on Monday, August 14th. The stock was purchased at an average price of $13.48 per share, with a total value of $75,488.00. Following the completion of the acquisition, the director now directly owns 27,904 shares in the company, valued at approximately $376,145.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.06% of the company’s stock.

Shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) opened at 13.74 on Friday. Rayonier Advanced Materials Inc. has a 52 week low of $11.87 and a 52 week high of $17.60. The stock has a market capitalization of $594.61 million, a price-to-earnings ratio of 16.51 and a beta of 4.27. The firm’s 50-day moving average is $13.76 and its 200-day moving average is $14.20.

Rayonier Advanced Materials (NYSE:RYAM) last posted its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.15). The company had revenue of $201.00 million during the quarter, compared to analysts’ expectations of $214.00 million. Rayonier Advanced Materials had a return on equity of 24.17% and a net margin of 5.71%. The company’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 EPS. Analysts forecast that Rayonier Advanced Materials Inc. will post $0.65 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.28 annualized dividend and a dividend yield of 2.04%. Rayonier Advanced Materials’s dividend payout ratio (DPR) is presently 35.00%.

A number of brokerages have weighed in on RYAM. Vertical Group upgraded shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating and boosted their target price for the company from $18.00 to $19.00 in a research note on Tuesday, July 25th. Sidoti began coverage on shares of Rayonier Advanced Materials in a research note on Thursday, August 17th. They set a “buy” rating and a $19.00 target price for the company. ValuEngine upgraded shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. BidaskClub lowered shares of Rayonier Advanced Materials from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Vertical Research upgraded shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Two research analysts have rated the stock with a sell rating and six have given a buy rating to the stock. Rayonier Advanced Materials currently has a consensus rating of “Buy” and an average price target of $18.50.

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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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