Jacobs Levy Equity Management Inc. Buys 168,222 Shares of Rayonier Advanced Materials Inc. (NYSE:RYAM)

Jacobs Levy Equity Management Inc. raised its stake in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) by 30.6% in the 1st quarter, HoldingsChannel reports. The firm owned 717,391 shares of the basic materials company’s stock after purchasing an additional 168,222 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Rayonier Advanced Materials were worth $3,429,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in RYAM. Bleakley Financial Group LLC purchased a new stake in Rayonier Advanced Materials during the fourth quarter valued at about $47,000. Simplicity Solutions LLC bought a new stake in shares of Rayonier Advanced Materials in the 4th quarter worth approximately $47,000. Simplicity Wealth LLC bought a new position in shares of Rayonier Advanced Materials during the 1st quarter valued at $59,000. Stratos Wealth Partners LTD. bought a new stake in Rayonier Advanced Materials in the fourth quarter worth $54,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Rayonier Advanced Materials by 64.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 14,396 shares of the basic materials company’s stock valued at $58,000 after acquiring an additional 5,633 shares during the last quarter. Institutional investors own 68.64% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd.

Rayonier Advanced Materials Trading Up 3.4 %

NYSE RYAM traded up $0.22 during trading on Wednesday, hitting $6.65. The company had a trading volume of 129,770 shares, compared to its average volume of 513,210. The company has a quick ratio of 0.95, a current ratio of 1.64 and a debt-to-equity ratio of 1.02. The company’s fifty day moving average is $5.65 and its 200-day moving average is $4.78. Rayonier Advanced Materials Inc. has a one year low of $2.66 and a one year high of $6.65.

Rayonier Advanced Materials (NYSE:RYAM) last posted its earnings results on Tuesday, May 7th. The basic materials company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). Rayonier Advanced Materials had a negative return on equity of 7.77% and a negative net margin of 6.71%. The business had revenue of $388.00 million during the quarter, compared to the consensus estimate of $483.00 million. Equities research analysts expect that Rayonier Advanced Materials Inc. will post -0.34 earnings per share for the current year.

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.