Counterpoint Mutual Funds LLC Has $725,000 Position in Rayonier Advanced Materials Inc. (NYSE:RYAM)

Counterpoint Mutual Funds LLC raised its holdings in Rayonier Advanced Materials Inc. (NYSE:RYAM) by 192.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 87,880 shares of the basic materials company’s stock after acquiring an additional 57,809 shares during the quarter. Counterpoint Mutual Funds LLC owned about 0.13% of Rayonier Advanced Materials worth $725,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in Rayonier Advanced Materials by 1.8% in the third quarter. Geode Capital Management LLC now owns 1,492,578 shares of the basic materials company’s stock valued at $12,779,000 after acquiring an additional 26,032 shares during the period. State Street Corp increased its position in shares of Rayonier Advanced Materials by 1.1% during the third quarter. State Street Corp now owns 1,440,085 shares of the basic materials company’s stock worth $12,327,000 after acquiring an additional 16,139 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Rayonier Advanced Materials by 157.9% during the third quarter. JPMorgan Chase & Co. now owns 500,891 shares of the basic materials company’s stock worth $4,288,000 after acquiring an additional 306,640 shares during the period. Empowered Funds LLC lifted its position in Rayonier Advanced Materials by 5.1% in the 4th quarter. Empowered Funds LLC now owns 356,960 shares of the basic materials company’s stock valued at $2,945,000 after acquiring an additional 17,368 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new position in Rayonier Advanced Materials in the 3rd quarter worth $2,574,000. Institutional investors own 68.64% of the company’s stock.

Rayonier Advanced Materials Trading Up 3.7 %

RYAM stock opened at $5.44 on Monday. Rayonier Advanced Materials Inc. has a 52 week low of $3.72 and a 52 week high of $10.28. The company has a market capitalization of $358.53 million, a PE ratio of -4.25 and a beta of 3.02. The company’s 50-day simple moving average is $7.34 and its 200 day simple moving average is $7.94. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.09 and a current ratio of 1.73.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on RYAM shares. Royal Bank of Canada decreased 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 lowered Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a report on Monday, March 10th.

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.