Fox Run Management L.L.C. Invests $491,000 in Rayonier Advanced Materials Inc. (NYSE:RYAM)

Fox Run Management L.L.C. bought a new stake in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) in the 4th quarter, HoldingsChannel reports. The firm bought 59,501 shares of the basic materials company’s stock, valued at approximately $491,000.

Other large investors have also recently added to or reduced their stakes in the company. Ieq Capital LLC acquired a new stake in shares of Rayonier Advanced Materials during the 4th quarter valued at $83,000. Entropy Technologies LP acquired a new stake in shares of Rayonier Advanced Materials during the fourth quarter worth $84,000. Summit Global Investments purchased a new stake in shares of Rayonier Advanced Materials during the fourth quarter valued at $120,000. Aigen Investment Management LP acquired a new position in shares of Rayonier Advanced Materials in the 4th quarter valued at $124,000. Finally, Intech Investment Management LLC acquired a new position in shares of Rayonier Advanced Materials in the 3rd quarter valued at $139,000. 68.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. Royal Bank of Canada reduced their price objective on shares of Rayonier Advanced Materials from $12.00 to $11.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. StockNews.com lowered shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a report on Monday, March 10th.

Rayonier Advanced Materials Price Performance

RYAM opened at $5.66 on Wednesday. The firm has a market capitalization of $373.37 million, a P/E ratio of -4.42 and a beta of 3.02. The stock has a fifty day moving average of $7.02 and a 200-day moving average of $7.83. The company has a quick ratio of 1.09, a current ratio of 1.73 and a debt-to-equity ratio of 1.02. Rayonier Advanced Materials Inc. has a 12-month low of $3.72 and a 12-month high of $10.28.

About Rayonier Advanced Materials

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.