BlackRock Amends Rayonier Advanced Materials Stake (13th Update)
Ticker: RYAM · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 1597672
| Field | Detail |
|---|---|
| Company | Rayonier Advanced Materials Inc. (RYAM) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its passive stake in Rayonier Advanced Materials.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 25, 2024, indicating its ownership of Common Stock in Rayonier Advanced Materials Inc. as of December 31, 2023. This amendment, number 13, updates their previous disclosures regarding their passive investment in the company. This matters to investors because BlackRock is a major institutional investor, and changes in their reported holdings can signal shifts in their investment strategy or outlook on Rayonier Advanced Materials Inc.'s future performance.
Why It Matters
This filing shows BlackRock's continued, albeit passive, interest in Rayonier Advanced Materials Inc., which can influence market perception and investor confidence in the stock.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued passive ownership, but this filing alone doesn't suggest a need for immediate action. It's a routine update reflecting their position as of year-end 2023.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Rayonier Advanced Materials Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the date the SC 13G/A was filed
- Common Stock (other) — the class of securities reported
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934, specifically Amendment No: 13, as stated in the filing.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as identified in the 'FILED BY' section of the filing.
What company's securities are the subject of this filing?
The subject company whose securities are being reported is RAYONIER ADVANCED MATERIALS INC., as stated under 'Name of Issuer' in the filing.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Rayonier Advanced Materials Inc. is 75508B104, as listed in the filing.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified in the document.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding RAYONIER ADVANCED MATERIALS INC. (RYAM).