Us Financial Advisors Exits Position in Rayonier Advanced Materials Inc (RYAM)

Rayonier Advanced Materials Inc (RYAM) : Us Financial Advisors has sold out all of its stake in Rayonier Advanced Materials Inc during the most recent quarter, according to the disclosure filed by the company on Aug 12, 2016 with the SEC. The investment management company has sold out 8 shares of Rayonier Advanced Materials Inc which is valued at $96.

Other Hedge Funds, Including , C M Bidwell Associates Ltd added RYAM to its portfolio by purchasing 8,295 company shares during the most recent quarter which is valued at $99,042. Rayonier Advanced Materials Inc makes up approx 0.02% of C M Bidwell Associates Ltd’s portfolio. Pacad Investment Ltd. added RYAM to its portfolio by purchasing 2,500 company shares during the most recent quarter which is valued at $29,850.Blackrock Fund Advisors boosted its stake in RYAM in the latest quarter, The investment management firm added 170,899 additional shares and now holds a total of 2,810,380 shares of Rayonier Advanced Materials Inc which is valued at $33,555,937. Rayonier Advanced Materials Inc makes up approx 0.01% of Blackrock Fund Advisors’s portfolio. Capital Fund Management S.a. sold out all of its stake in RYAM during the most recent quarter. The investment firm sold 14,000 shares of RYAM which is valued $202,720.Louisiana State Employees Retirement System boosted its stake in RYAM in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 19,200 shares of Rayonier Advanced Materials Inc which is valued at $278,016. Rayonier Advanced Materials Inc makes up approx 0.01% of Louisiana State Employees Retirement System’s portfolio.

Rayonier Advanced Materials Inc opened for trading at $12.06 and hit $12.4825 on the upside on Monday, eventually ending the session at $12.4, with a gain of 2.82% or 0.34 points. The heightened volatility saw the trading volume jump to 5,53,225 shares. Company has a market cap of $536 M.

On the company’s financial health, Rayonier Advanced Materials Inc reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.19 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.27. The company had revenue of $214.00 million for the quarter, compared to analysts expectations of $214.90 million. The company’s revenue was down -3.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.39 EPS.

Investors should note that on Jul 22, 2016, Rayonier Advanced Materials Inc announced a cash dividend of $0.0700. The company’s management has announced Sep 14, 2016 as the ex-dividend date and fixed the record date on Sep 16, 2016. The payable date has been fixed on Sep 30, 2016.

Many Wall Street Analysts have commented on Rayonier Advanced Materials Inc. Shares were Reiterated by DA Davidson on Aug 9, 2016 to “Buy” and Lowered the Price Target to $ 22 from a previous price target of $25 .Company shares were Reiterated by DA Davidson on Aug 3, 2016 to “Buy”, Firm has raised the Price Target to $ 25 from a previous price target of $17.50 .

Rayonier Advanced Materials Inc. (Rayonier Advanced Materials) is primarily engaged in producing cellulose specialties. The Company’s product lines include cellulose specialties and commodity products. Cellulose specialties are polymers used as raw materials to manufacture consumer-oriented products such as cigarette filters liquid crystal displays impact-resistant plastics thickeners for food products pharmaceuticals cosmetics high-tenacity rayon yarn for tires and industrial hoses food casings paints and lacquers. Commodity products include commodity viscose and absorbent materials. Commodity products include commodity viscose and absorbent materials.

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