Oxford Financial Group LTD. LLC Takes Position in Rayonier Advanced Materials Inc. (NYSE:RYAM)

Oxford Financial Group LTD. LLC purchased a new stake in Rayonier Advanced Materials Inc. (NYSE:RYAM) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 18,986 shares of the basic materials company’s stock, valued at approximately $157,000.

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

Rayonier Advanced Materials Stock Down 1.2 %

RYAM opened at $5.36 on Friday. The company has a 50 day moving average of $7.10 and a 200 day moving average of $7.86. The company has a current ratio of 1.73, a quick ratio of 1.09 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. The company has a market cap of $353.85 million, a PE ratio of -4.19 and a beta of 3.02.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Royal Bank of Canada reduced their price target on shares of Rayonier Advanced Materials from $12.00 to $11.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. StockNews.com downgraded shares of 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.