UBS Group AG reduced its stake in Rayonier Advanced Materials Inc. (NYSE:RYAM) by 56.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,508 shares of the basic materials company’s stock after selling 15,017 shares during the period. UBS Group AG’s holdings in Rayonier Advanced Materials were worth $155,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in RYAM. Mason Street Advisors LLC raised its stake in shares of Rayonier Advanced Materials by 7.0% in the first quarter. Mason Street Advisors LLC now owns 10,118 shares of the basic materials company’s stock valued at $136,000 after buying an additional 663 shares in the last quarter. MARSHALL WACE ASIA Ltd acquired a new stake in Rayonier Advanced Materials during the first quarter valued at about $198,000. Marshall Wace North America L.P. acquired a new stake in Rayonier Advanced Materials during the first quarter valued at about $198,000. Hartford Investment Management Co. raised its stake in 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 valued at $200,000 after buying an additional 1,700 shares during the period. Finally, Karp Capital Management Corp acquired a new stake in Rayonier Advanced Materials during the first quarter valued at about $204,000. 86.71% of the stock is currently owned by institutional investors and hedge funds.

Shares of Rayonier Advanced Materials Inc. (NYSE RYAM) traded down 0.83% during trading on Thursday, reaching $13.20. 29,137 shares of the company traded hands. The company’s 50-day moving average price is $15.13 and its 200-day moving average price is $14.17. Rayonier Advanced Materials Inc. has a 52 week low of $10.37 and a 52 week high of $17.60. The company has a market capitalization of $571.24 million, a P/E ratio of 15.87 and a beta of 4.28.

Rayonier Advanced Materials (NYSE:RYAM) last released its earnings results on Wednesday, August 2nd. The basic materials company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by $0.15. Rayonier Advanced Materials had a return on equity of 24.17% and a net margin of 5.71%. The firm had revenue of $201 million for the quarter, compared to the consensus estimate of $214 million. During the same quarter in the previous year, the business posted $0.46 EPS. Rayonier Advanced Materials’s revenue was down 6.1% on a year-over-year basis. Equities research analysts forecast that Rayonier Advanced Materials Inc. will post $0.81 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Thursday, September 14th. Rayonier Advanced Materials’s payout ratio is 35.00%.

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Several research firms have recently issued reports on RYAM. Vertical Group raised shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating and boosted their price target for the company from $18.00 to $19.00 in a research report on Tuesday, July 25th. ValuEngine raised shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research report on Monday. BidaskClub lowered shares of Rayonier Advanced Materials from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Vertical Research raised shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Finally, Zacks Investment Research lowered shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research report on Saturday, July 22nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $18.80.

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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Institutional Ownership by Quarter for Rayonier Advanced Materials (NYSE:RYAM)

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