Stocks: DUPONT CAPITAL MANAGEMENT Corp Acquires 26,509 Shares of Rayonier Advanced Materials Inc (RYAM)

Stocks: DUPONT CAPITAL MANAGEMENT Corp Acquires 26,509 Shares of Rayonier Advanced Materials Inc (RYAM)

DUPONT CAPITAL MANAGEMENT Corp raised its position in shares of Rayonier Advanced Materials Inc (NYSE:RYAM) by 73.3% during the first quarter, Holdings Channel reports. The institutional investor owned 62,671 shares of the basic materials company’s stock after buying an additional 26,509 shares during the period. DUPONT CAPITAL MANAGEMENT Corp owned approximately 0.14% of Rayonier Advanced Materials worth $843,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Acadian Asset Management LLC acquired a new position in shares of Rayonier Advanced Materials during the first quarter worth about $1,294,000. James Investment Research Inc. acquired a new position in shares of Rayonier Advanced Materials during the first quarter worth about $1,899,000. Hartford Investment Management Co. boosted its position in shares of Rayonier Advanced Materials by 12.9% in the first quarter. Hartford Investment Management Co. now owns 14,870 shares of the basic materials company’s stock worth $200,000 after buying an additional 1,700 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Rayonier Advanced Materials by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 17,600 shares of the basic materials company’s stock worth $237,000 after buying an additional 200 shares in the last quarter. Finally, Teachers Advisors LLC boosted its position in shares of Rayonier Advanced Materials by 2.5% in the fourth quarter. Teachers Advisors LLC now owns 74,877 shares of the basic materials company’s stock worth $1,158,000 after buying an additional 1,807 shares in the last quarter. Institutional investors own 91.55% of the company’s stock.

Rayonier Advanced Materials Inc (NYSE:RYAM) opened at 13.09 on Friday. Rayonier Advanced Materials Inc has a 52 week low of $10.37 and a 52 week high of $17.38. The stock has a 50 day moving average of $12.91 and a 200-day moving average of $13.87. The firm has a market cap of $565.76 million, a PE ratio of 10.50 and a beta of 4.43.

Rayonier Advanced Materials (NYSE:RYAM) last announced its earnings results on Monday, May 1st. The basic materials company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.02. Rayonier Advanced Materials had a net margin of 8.39% and a return on equity of 59.49%. The company had revenue of $201 million during the quarter, compared to the consensus estimate of $200.28 million. During the same quarter in the previous year, the company earned $0.36 earnings per share. The business’s revenue was down 7.8% on a year-over-year basis. Analysts expect that Rayonier Advanced Materials Inc will post $0.89 earnings per share for the current year.

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada restated a “buy” rating on shares of Rayonier Advanced Materials in a research note on Wednesday, May 3rd. Zacks Investment Research upgraded shares of Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 5th. Finally, Bank of America Corp upgraded shares of Rayonier Advanced Materials from an “underperform” rating to a “neutral” rating and set a $17.00 price objective for the company in a research note on Friday, January 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $16.20.

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.

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