Boston Partners Cuts Holdings in Rayonier Advanced Materials Inc. (NYSE:RYAM)

Boston Partners decreased its holdings in Rayonier Advanced Materials Inc. (NYSE:RYAM) by 26.0% in the fourth quarter, Holdings Channel reports. The firm owned 1,480,936 shares of the basic materials company’s stock after selling 519,228 shares during the quarter. Boston Partners’ holdings in Rayonier Advanced Materials were worth $12,214,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Public Employees Retirement System of Ohio increased its holdings in Rayonier Advanced Materials by 1.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 63,054 shares of the basic materials company’s stock worth $540,000 after buying an additional 1,139 shares in the last quarter. Savant Capital LLC boosted its holdings in shares of Rayonier Advanced Materials by 7.9% during the 4th quarter. Savant Capital LLC now owns 31,821 shares of the basic materials company’s stock valued at $263,000 after acquiring an additional 2,322 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Rayonier Advanced Materials by 3.5% in the fourth quarter. Rhumbline Advisers now owns 131,544 shares of the basic materials company’s stock worth $1,085,000 after acquiring an additional 4,445 shares during the period. Ieq Capital LLC purchased a new position in shares of Rayonier Advanced Materials during the fourth quarter valued at approximately $83,000. Finally, Entropy Technologies LP bought a new position in Rayonier Advanced Materials during the fourth quarter valued at approximately $84,000. Hedge funds and other institutional investors own 68.64% of the company’s stock.

Rayonier Advanced Materials Stock Performance

RYAM opened at $5.44 on Friday. The company’s 50 day moving average is $7.14 and its 200 day moving average is $7.88. The company has a current ratio of 1.73, a quick ratio of 1.09 and a debt-to-equity ratio of 1.02. The company has a market cap of $358.53 million, a price-to-earnings ratio of -4.25 and a beta of 3.02. Rayonier Advanced Materials Inc. has a 12-month low of $3.72 and a 12-month high of $10.28.

Wall Street Analyst Weigh In

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

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.