Quantbot Technologies LP raised its holdings in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) by 1,613.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,129 shares of the basic materials company’s stock after purchasing an additional 9,538 shares during the quarter. Quantbot Technologies LP’s holdings in Rayonier Advanced Materials were worth $138,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. State Street Corp increased its stake in Rayonier Advanced Materials by 15.9% during the 1st quarter. State Street Corp now owns 1,075,593 shares of the basic materials company’s stock valued at $14,465,000 after purchasing an additional 147,343 shares in the last quarter. California Public Employees Retirement System increased its stake in Rayonier Advanced Materials by 6.6% during the 2nd quarter. California Public Employees Retirement System now owns 142,400 shares of the basic materials company’s stock valued at $2,239,000 after purchasing an additional 8,800 shares in the last quarter. Skylands Capital LLC bought a new stake in Rayonier Advanced Materials during the 3rd quarter valued at $1,366,000. Federated Investors Inc. PA increased its stake in Rayonier Advanced Materials by 43.4% during the 2nd quarter. Federated Investors Inc. PA now owns 116,550 shares of the basic materials company’s stock valued at $1,832,000 after purchasing an additional 35,272 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in Rayonier Advanced Materials by 47.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 241,230 shares of the basic materials company’s stock valued at $3,793,000 after purchasing an additional 77,993 shares in the last quarter. Institutional investors and hedge funds own 94.93% of the company’s stock.

Rayonier Advanced Materials Inc. (NYSE RYAM) traded down $0.04 on Friday, reaching $18.75. 515,048 shares of the company’s stock were exchanged, compared to its average volume of 740,455. 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 stock has a market cap of $811.44, a P/E ratio of 30.24, a price-to-earnings-growth ratio of 5.86 and a beta of 4.40. Rayonier Advanced Materials Inc. has a 1 year low of $11.88 and a 1 year high of $19.09.

Rayonier Advanced Materials (NYSE:RYAM) last posted its quarterly earnings data on Wednesday, November 1st. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. The firm had revenue of $210.00 million for the quarter, compared to the consensus estimate of $200.66 million. Rayonier Advanced Materials had a net margin of 4.98% and a return on equity of 18.12%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 EPS. sell-side analysts forecast that Rayonier Advanced Materials Inc. will post 0.64 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Thursday, December 14th. Rayonier Advanced Materials’s dividend payout ratio is 43.75%.

A number of brokerages have commented on RYAM. 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 “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Zacks Investment Research lowered shares of Rayonier Advanced Materials from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada restated a “buy” rating and set a $18.00 price target on shares of Rayonier Advanced Materials in a research note on Monday, August 21st. Finally, Sidoti began coverage on shares of Rayonier Advanced Materials in a report on Thursday, August 17th. They set a “buy” rating and a $19.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Rayonier Advanced Materials has an average rating of “Buy” and a consensus target price of $18.83.

WARNING: This piece was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another site, it was copied illegally and republished in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/12/03/quantbot-technologies-lp-acquires-9538-shares-of-rayonier-advanced-materials-inc-ryam.html.

Rayonier Advanced Materials Company 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.

Want to see what other hedge funds are holding RYAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rayonier Advanced Materials Inc. (NYSE:RYAM).

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

Receive News & Stock Ratings for Rayonier Advanced Materials Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rayonier Advanced Materials Inc. and related stocks with our FREE daily email newsletter.