Rayonier Advanced Materials Inc. (RYAM) Appeal to Institutional Investors?

Rayonier Advanced Materials Inc. (NYSE:RYAM) enjoyed a 50.9% run-up in share price since hitting record low of $9.45. The stock managed 3.11% rise and now stands at $14.26 as of 01/30/2019. At recent session, the prices were hovering between $13.77 and $14.28. This company shares are 47.27% off its target price of $21 and the current market capitalization stands at $721.61M. The recent change has given its price a 11.55% lead over SMA 50 and -37.89% deficit over its 52-week high. The stock witnessed 39.53% gains, 16.79% gains and -18.79% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found RYAM’s volatility during a week at 4.82% and during a month it has been found around 4.54%.

Rayonier Advanced Materials Inc. (RYAM) Top Holders

Institutional investors currently hold around $694 million or 0% in RYAM stock. Look at its top three institutional owners. Blackrock Inc. owns $102.68 million in Rayonier Advanced Materials Inc., which represents roughly 14.23% of the company’s market cap and approximately 14.8% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 5,207,061 shares of the stock are valued at $72.01 million. The third largest holder is Renaissance Technologies Llc, which currently holds $56.87 million worth of this stock and that ownership represents nearly 7.88% of its market capitalization.

Rayonier Advanced Materials Inc. 13F Filings

At the end of September reporting period, 135 institutional holders increased their position in Rayonier Advanced Materials Inc. (NYSE:RYAM) by some 6,775,342 shares, 85 decreased positions by 7,913,865 and 38 held positions by 35,484,191. That puts total institutional holdings at 50,173,398 shares, according to SEC filings. The stock grabbed 46 new institutional investments totaling 1,418,843 shares while 30 institutional investors sold out their entire positions totaling 3,593,315 shares.

Rayonier Advanced Materials Inc. (NYSE:RYAM) Insider Trades

Multiple company employees have indulged in significant insider trading. Rayonier Advanced Materials Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Chairman, President and CEO Boynton Paul G has acquired 10,000 shares of Rayonier Advanced Materials Inc. (RYAM) in trading session dated Nov. 12, 2018. These shares are worth $137,200 and were traded at $13.72 each. The SEC filing shows that Manzer William R performed a sale of 1,000 shares. The SVP, Manufacturing Operations disposed these shares by way of transaction on Nov. 06, 2018. The company’s shares were given away at $12.42 per share worth to an income of some $12,420 on account of Manzer William R.

SVP, Manufacturing Operations, Manzer William R, sold 1,000 common shares of Rayonier Advanced Materials Inc. (RYAM) in the open market. In a transaction dated Oct. 16, 2018, the shares were put up for sale at an average price of $14.3, raking in a sum of $14,300. After this sale, 49,835 common shares of RYAM are directly owned by the insider, with total stake valued at $710,647.

In the transaction dated Sep. 25, 2018, the great number of shares disposed came courtesy the SVP, Manufacturing Operations; Manzer William R disposed a total of 1,000 shares at an average price of $20.78, amounting to approximately $20,780. The insider now directly owns 50,281 shares worth $717,007.

Rayonier Advanced Materials Inc. (RYAM) Analyst Guide

Several analysts have released their opinion on Rayonier Advanced Materials Inc. (NYSE:RYAM), with 4 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.33 average brokerage recommendation.