EntryPoint Capital LLC Takes Position in Rayonier Advanced Materials Inc. (NYSE:RYAM)

EntryPoint Capital LLC purchased a new position in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) during the 4th quarter, Holdings Channel.com reports. The fund purchased 17,425 shares of the basic materials company’s stock, valued at approximately $144,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its stake in shares of Rayonier Advanced Materials by 176.2% during the 3rd quarter. Jane Street Group LLC now owns 174,693 shares of the basic materials company’s stock valued at $1,495,000 after buying an additional 111,440 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Rayonier Advanced Materials by 157.9% in the third quarter. JPMorgan Chase & Co. now owns 500,891 shares of the basic materials company’s stock valued at $4,288,000 after acquiring an additional 306,640 shares in the last quarter. SG Americas Securities LLC boosted its stake in Rayonier Advanced Materials by 33.5% during the 4th quarter. SG Americas Securities LLC now owns 45,367 shares of the basic materials company’s stock valued at $374,000 after acquiring an additional 11,384 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Rayonier Advanced Materials by 760.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 183,971 shares of the basic materials company’s stock worth $1,575,000 after acquiring an additional 162,588 shares in the last quarter. Finally, XTX Topco Ltd increased its position in shares of Rayonier Advanced Materials by 263.0% in the 3rd quarter. XTX Topco Ltd now owns 101,921 shares of the basic materials company’s stock worth $872,000 after purchasing an additional 73,846 shares during the last quarter. Institutional investors and hedge funds own 68.64% of the company’s stock.

Rayonier Advanced Materials Stock Down 3.9 %

RYAM stock opened at $5.55 on Monday. The firm has a market cap of $365.79 million, a price-to-earnings ratio of -4.33 and a beta of 3.02. Rayonier Advanced Materials Inc. has a 1-year low of $3.72 and a 1-year high of $10.28. The firm has a fifty day moving average price of $6.90 and a two-hundred day moving average price of $7.80. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.73 and a quick ratio of 1.09.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RYAM. Royal Bank of Canada reduced their price target on shares of Rayonier Advanced Materials from $12.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, March 7th. StockNews.com lowered Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research report on Monday, March 10th.

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.