Legg Mason Low Volatility High Div ETF (LVHD) Forms $29.92 Double Top; Clearline Capital LP Upped By $2.16 Million Its Rayonier Advanced Matls (RYAM) Position

February 12, 2018 - By Jerrie Dane

Clearline Capital Lp increased Rayonier Advanced Matls Inc (RYAM) stake by 196.42% reported in 2017Q3 SEC filing. Clearline Capital Lp acquired 165,882 shares as Rayonier Advanced Matls Inc (RYAM)’s stock rose 2.81%. The Clearline Capital Lp holds 250,333 shares with $3.43M value, up from 84,451 last quarter. Rayonier Advanced Matls Inc now has $769.46M valuation. The stock decreased 0.89% or $0.16 during the last trading session, reaching $17.78. About 514,596 shares traded. Rayonier Advanced Materials Inc. (NYSE:RYAM) has risen 2.89% since February 12, 2017 and is uptrending. It has underperformed by 13.81% the S&P500.

Legg Mason Low Volatility High Div ETF (LVHD) formed double top with $31.42 target or 5.00% above today’s $29.92 share price. Legg Mason Low Volatility High Div ETF (LVHD) has $497.50 million valuation. The ETF increased 1.63% or $0.481 during the last trading session, reaching $29.921. About 68,444 shares traded. Legg Mason Low Volatility High Div ETF (NASDAQ:LVHD) has risen 11.35% since February 12, 2017 and is uptrending. It has underperformed by 5.35% the S&P500.

Clearline Capital Lp decreased G (NASDAQ:GIII) stake by 149,911 shares to 16,067 valued at $466,000 in 2017Q3. It also reduced Blackhawk Network Hldgs Inc (NASDAQ:HAWK) stake by 69,004 shares and now owns 135,019 shares. Hd Supply Hldgs Inc (NASDAQ:HDS) was reduced too.

Among 6 analysts covering Rayonier Advanced Materials Inc (NYSE:RYAM), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Rayonier Advanced Materials Inc had 23 analyst reports since August 21, 2015 according to SRatingsIntel. The stock of Rayonier Advanced Materials Inc. (NYSE:RYAM) earned “Hold” rating by Atlantic Securities on Wednesday, August 10. The stock of Rayonier Advanced Materials Inc. (NYSE:RYAM) has “Buy” rating given on Monday, September 25 by RBC Capital Markets. The stock of Rayonier Advanced Materials Inc. (NYSE:RYAM) has “Outperform” rating given on Monday, February 27 by RBC Capital Markets. RBC Capital Markets maintained it with “Buy” rating and $2000 target in Tuesday, May 30 report. The firm earned “Outperform” rating on Friday, September 4 by RBC Capital Markets. The firm has “Buy” rating by RBC Capital Markets given on Wednesday, July 19. Vertical Research upgraded it to “Buy” rating and $18 target in Monday, May 29 report. The stock of Rayonier Advanced Materials Inc. (NYSE:RYAM) earned “Buy” rating by Bank of America on Friday, May 26. The firm has “Buy” rating by Vertical Research given on Monday, July 24. RBC Capital Markets maintained Rayonier Advanced Materials Inc. (NYSE:RYAM) on Thursday, November 2 with “Buy” rating.