Axxcess Wealth Management LLC Sells 25,000 Shares of Rayonier Advanced Materials Inc. (NYSE:RYAM)

Axxcess Wealth Management LLC decreased its stake in Rayonier Advanced Materials Inc. (NYSE:RYAM) by 18.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 111,035 shares of the basic materials company’s stock after selling 25,000 shares during the period. Axxcess Wealth Management LLC’s holdings in Rayonier Advanced Materials were worth $916,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in RYAM. Ieq Capital LLC purchased a new position in shares of Rayonier Advanced Materials during the fourth quarter worth approximately $83,000. Entropy Technologies LP purchased a new position in shares of Rayonier Advanced Materials in the fourth quarter valued at about $84,000. Aigen Investment Management LP bought a new position in Rayonier Advanced Materials during the 4th quarter valued at approximately $124,000. Intech Investment Management LLC bought a new position in shares of Rayonier Advanced Materials during the third quarter valued at approximately $139,000. Finally, Quest Partners LLC bought a new position in Rayonier Advanced Materials in the 3rd quarter worth $166,000. Hedge funds and other institutional investors own 68.64% of the company’s stock.

Rayonier Advanced Materials Stock Performance

Shares of Rayonier Advanced Materials stock opened at $5.44 on Friday. The stock has a market cap of $358.53 million, a price-to-earnings ratio of -4.25 and a beta of 3.02. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.73 and a quick ratio of 1.09. Rayonier Advanced Materials Inc. has a 1 year low of $3.72 and a 1 year high of $10.28. The firm’s 50-day moving average is $7.14 and its 200 day moving average is $7.88.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RYAM. Royal Bank of Canada lowered their target price on 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 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.