DDD Partners LLC Sells 171,408 Shares of Rayonier Advanced Materials Inc. (NYSE:RYAM)

DDD Partners LLC decreased its holdings in Rayonier Advanced Materials Inc. (NYSE:RYAM) by 14.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 980,663 shares of the basic materials company’s stock after selling 171,408 shares during the period. DDD Partners LLC’s holdings in Rayonier Advanced Materials were worth $3,972,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in RYAM. AQR Capital Management LLC grew its position in Rayonier Advanced Materials by 148.3% during the 3rd quarter. AQR Capital Management LLC now owns 1,985,218 shares of the basic materials company’s stock worth $7,028,000 after purchasing an additional 1,185,632 shares during the period. Millennium Management LLC boosted its position in Rayonier Advanced Materials by 1,163.0% during the fourth quarter. Millennium Management LLC now owns 1,182,393 shares of the basic materials company’s stock worth $11,351,000 after acquiring an additional 1,088,777 shares during the last quarter. Invesco Ltd. raised its stake in shares of Rayonier Advanced Materials by 27.7% in the 1st quarter. Invesco Ltd. now owns 3,304,887 shares of the basic materials company’s stock valued at $21,713,000 after acquiring an additional 717,466 shares during the period. Ergoteles LLC boosted its holdings in shares of Rayonier Advanced Materials by 3,865.8% in the 2nd quarter. Ergoteles LLC now owns 491,959 shares of the basic materials company’s stock valued at $2,106,000 after buying an additional 479,554 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of Rayonier Advanced Materials in the 2nd quarter worth approximately $1,861,000. 68.64% of the stock is currently owned by hedge funds and other institutional investors.

Rayonier Advanced Materials Stock Up 5.8 %

NYSE RYAM opened at $4.77 on Thursday. The firm’s 50 day moving average is $4.26 and its 200-day moving average is $3.70. Rayonier Advanced Materials Inc. has a 12-month low of $2.66 and a 12-month high of $6.47. The company has a current ratio of 1.53, a quick ratio of 0.98 and a debt-to-equity ratio of 1.01.

Rayonier Advanced Materials (NYSE:RYAM) last issued its earnings results on Tuesday, February 27th. The basic materials company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.16). The company had revenue of $422.00 million during the quarter, compared to analyst estimates of $442.40 million. Rayonier Advanced Materials had a negative net margin of 6.15% and a negative return on equity of 6.80%. Equities research analysts predict that Rayonier Advanced Materials Inc. will post -0.34 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Rayonier Advanced Materials from a “hold” rating to a “sell” rating in a report on Thursday, March 7th.

Rayonier Advanced Materials 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.