As Rayonier Advanced Matls (RYAM) Market Valuation Rose, Holder Clearline Capital LP Upped Its Holding; Solaris Asset Management Has Upped Its Wells Fargo & Company (WFC) Position by $336,900

May 25, 2018 - By reb123z

Rayonier Advanced Materials Inc. (NYSE:RYAM) Logo

Marc Majzner increased its stake in Rayonier Advanced Matls Inc (RYAM) by 57.77% based on its latest 2017Q4 regulatory filing with the SEC. Clearline Capital Lp bought 144,625 shares as the company’s stock rose 5.81% while stock markets declined. The hedge fund run by Marc Majzner held 394,958 shares of the major chemicals company at the end of 2017Q4, valued at $8.08 million, up from 250,333 at the end of the previous reported quarter. Clearline Capital Lp who had been investing in Rayonier Advanced Matls Inc for a number of months, seems to be bullish on the $936.23M market cap company. The stock decreased 1.42% or $0.26 during the last trading session, reaching $18.05. About 1.00M shares traded or 5.84% up from the average. Rayonier Advanced Materials Inc. (NYSE:RYAM) has risen 69.18% since May 25, 2017 and is uptrending. It has outperformed by 57.63% the S&P500.

Solaris Asset Management Llc increased its stake in Wells Fargo & Company (WFC) by 8.69% based on its latest 2017Q4 regulatory filing with the SEC. Solaris Asset Management Llc bought 5,615 shares as the company’s stock declined 16.98% with the market. The institutional investor held 70,227 shares of the major banks company at the end of 2017Q4, valued at $4.26M, up from 64,612 at the end of the previous reported quarter. Solaris Asset Management Llc who had been investing in Wells Fargo & Company for a number of months, seems to be bullish on the $266.89B market cap company. The stock increased 0.18% or $0.1 during the last trading session, reaching $54.77. About 13.04 million shares traded. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since May 25, 2017 and is downtrending. It has underperformed by 19.30% the S&P500.

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Seekingalpha.com which released: “Wells Fargo And Loan Demand” on May 17, 2018, also 247Wallst.com with their article: “Major Banks See Rising Tide of Short Interest” published on May 25, 2018, 247Wallst.com published: “Well Fargo Renews Its Commitment to You After Rip-Offs (Update)” on May 09, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Bizjournals.com and their article: “America’s biggest companies are raking it in. Here’s what’s driving the profit boom.” published on May 25, 2018 as well as Seekingalpha.com‘s news article titled: “Wells Fargo: Where Is The Upside?” with publication date: May 03, 2018.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 17 have Buy rating, 8 Sell and 14 Hold. Therefore 44% are positive. Wells Fargo & Company had 149 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, June 22 by Keefe Bruyette & Woods. On Wednesday, July 29 the stock rating was upgraded by Guggenheim to “Buy”. The rating was maintained by RBC Capital Markets on Friday, January 12 with “Buy”. Piper Jaffray downgraded Wells Fargo & Company (NYSE:WFC) on Friday, April 15 to “Underweight” rating. The firm has “Buy” rating by Keefe Bruyette & Woods given on Friday, August 25. RBC Capital Markets maintained the shares of WFC in report on Thursday, June 22 with “Buy” rating. Guggenheim maintained the shares of WFC in report on Thursday, October 15 with “Buy” rating. The stock of Wells Fargo & Company (NYSE:WFC) earned “Buy” rating by Keefe Bruyette & Woods on Tuesday, December 12. Keefe Bruyette & Woods maintained the shares of WFC in report on Sunday, April 15 with “Hold” rating. The rating was initiated by Piper Jaffray with “Neutral” on Tuesday, November 24.

Investors sentiment increased to 0.75 in Q4 2017. Its up 0.02, from 0.73 in 2017Q3. It is positive, as 63 investors sold WFC shares while 746 reduced holdings. 138 funds opened positions while 466 raised stakes. 3.64 billion shares or 0.11% less from 3.65 billion shares in 2017Q3 were reported. Great Lakes Lc stated it has 0.06% of its portfolio in Wells Fargo & Company (NYSE:WFC). Ci invested in 3.94% or 6.80M shares. Schwab Charles Invest Mgmt has invested 0.76% of its portfolio in Wells Fargo & Company (NYSE:WFC). Benin Mgmt holds 0.17% or 6,871 shares in its portfolio. Cna Financial holds 42,147 shares or 0.62% of its portfolio. Seizert Capital Prtn Lc holds 4,037 shares. Kessler Investment Gru Limited Liability Corporation reported 29 shares. 80,451 were accumulated by Choate Investment Advisors. D E Shaw & Inc owns 2.51M shares. Viking Global Invsts Limited Partnership has invested 1.99% in Wells Fargo & Company (NYSE:WFC). 115,790 are held by Parsec Incorporated. Rosenbaum Jay D reported 13,075 shares stake. Wunderlich Capital Managemnt has invested 1.15% in Wells Fargo & Company (NYSE:WFC). First Long Island Invsts Ltd Liability Corporation owns 2.1% invested in Wells Fargo & Company (NYSE:WFC) for 254,313 shares. San Francisco Sentry Inv Group (Ca) holds 27,030 shares.

Solaris Asset Management Llc, which manages about $176.47M US Long portfolio, decreased its stake in Apple Inc (NASDAQ:AAPL) by 1,940 shares to 41,289 shares, valued at $6.99M in 2017Q4, according to the filing. It also reduced its holding in Nucor Corp (NYSE:NUE) by 22,417 shares in the quarter, leaving it with 37,383 shares, and cut its stake in Hess Corp (NYSE:HES).

More news for Rayonier Advanced Materials Inc. (NYSE:RYAM) were recently published by: Streetinsider.com, which released: “Marcato Capital’s 13F Shows New Stake in Astec Industries (ASTE), Univar (UNVR), Increase in Rayonier (RYAM …” on May 15, 2018. Seekingalpha.com‘s article titled: “Rayonier Advanced Materials (RYAM) Q1 2018 Results – Earnings Call Transcript” and published on May 09, 2018 is yet another important article.

Wells Fargo & Company (NYSE:WFC) Institutional Positions Chart

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