Bridgeway Capital Management Holding in Rayonier Advanced Matls (RYAM) Has Lowered by $1.66 Million; Paychex (PAYX) Stake Raised by Investment House Llc

February 4, 2018 - By Peter Erickson

Bridgeway Capital Management Inc decreased its stake in Rayonier Advanced Matls Inc (RYAM) by 44.94% based on its latest 2017Q3 regulatory filing with the SEC. Bridgeway Capital Management Inc sold 127,500 shares as the company’s stock rose 2.81% with the market. The institutional investor held 156,200 shares of the major chemicals company at the end of 2017Q3, valued at $2.14M, down from 283,700 at the end of the previous reported quarter. Bridgeway Capital Management Inc who had been investing in Rayonier Advanced Matls Inc for a number of months, seems to be less bullish one the $790.23 million market cap company. The stock decreased 3.23% or $0.61 during the last trading session, reaching $18.26. About 658,281 shares traded. Rayonier Advanced Materials Inc. (NYSE:RYAM) has risen 2.89% since February 4, 2017 and is uptrending. It has underperformed by 13.81% the S&P500.

Investment House Llc increased its stake in Paychex Inc (PAYX) by 6.75% based on its latest 2017Q3 regulatory filing with the SEC. Investment House Llc bought 8,747 shares as the company’s stock declined 2.74% while stock markets rallied. The institutional investor held 138,324 shares of the consumer services company at the end of 2017Q3, valued at $8.29M, up from 129,577 at the end of the previous reported quarter. Investment House Llc who had been investing in Paychex Inc for a number of months, seems to be bullish on the $23.92B market cap company. The stock decreased 0.64% or $0.43 during the last trading session, reaching $66.6. About 3.25 million shares traded or 56.56% up from the average. Paychex, Inc. (NASDAQ:PAYX) has risen 11.22% since February 4, 2017 and is uptrending. It has underperformed by 5.48% the S&P500.




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. RBC Capital Markets maintained Rayonier Advanced Materials Inc. (NYSE:RYAM) on Thursday, January 11 with “Buy” rating. As per Friday, January 27, the company rating was upgraded by Bank of America. RBC Capital Markets maintained the shares of RYAM in report on Tuesday, May 30 with “Buy” rating. The company was downgraded on Friday, August 21 by Citigroup. On Wednesday, August 10 the stock rating was upgraded by Atlantic Securities to “Hold”. Bank of America upgraded the shares of RYAM in report on Friday, May 26 to “Buy” rating. The firm has “Underperform” rating by RBC Capital Markets given on Friday, December 4. On Monday, September 25 the stock rating was maintained by RBC Capital Markets with “Buy”. Bank of America upgraded the shares of RYAM in report on Monday, May 29 to “Buy” rating. The company was maintained on Thursday, November 2 by RBC Capital Markets.

Bridgeway Capital Management Inc, which manages about $3.34B and $8.76 billion US Long portfolio, upped its stake in Mastercard Incorporated (NYSE:MA) by 22,600 shares to 66,800 shares, valued at $9.43 million in 2017Q3, according to the filing. It also increased its holding in Conns Inc (NASDAQ:CONN) by 186,500 shares in the quarter, for a total of 231,500 shares, and has risen its stake in Lockheed Martin Corp (NYSE:LMT).

Among 18 analysts covering Paychex (NASDAQ:PAYX), 1 have Buy rating, 2 Sell and 15 Hold. Therefore 6% are positive. Paychex had 44 analyst reports since August 14, 2015 according to SRatingsIntel. BMO Capital Markets maintained it with “Hold” rating and $60.0 target in Friday, August 18 report. The rating was maintained by Robert W. Baird with “Hold” on Monday, September 11. The stock has “Sell” rating by RBC Capital Markets on Thursday, December 21. The firm has “Sell” rating given on Monday, November 20 by RBC Capital Markets. As per Tuesday, June 20, the company rating was downgraded by Goldman Sachs. The firm has “Neutral” rating given on Thursday, December 17 by Sterne Agee CRT. The stock of Paychex, Inc. (NASDAQ:PAYX) earned “Buy” rating by Argus Research on Thursday, December 24. The firm earned “Equal Weight” rating on Tuesday, December 20 by Barclays Capital. As per Wednesday, August 16, the company rating was upgraded by Morgan Stanley. On Thursday, January 7 the stock rating was downgraded by Bank of America to “Underperform”.

Since September 25, 2017, it had 0 insider buys, and 7 sales for $8.57 million activity. Vossler Jennifer R. also sold $703,546 worth of Paychex, Inc. (NASDAQ:PAYX) on Friday, October 6. Zaucha Laurie L. sold 17,354 shares worth $1.11M. $1.88M worth of stock was sold by MUCCI MARTIN on Thursday, October 5.

Investors sentiment decreased to 1.02 in Q3 2017. Its down 0.01, from 1.03 in 2017Q2. It is negative, as 57 investors sold PAYX shares while 263 reduced holdings. 65 funds opened positions while 260 raised stakes. 238.82 million shares or 0.48% more from 237.67 million shares in 2017Q2 were reported. Boston Private Wealth Ltd Llc holds 0.11% of its portfolio in Paychex, Inc. (NASDAQ:PAYX) for 49,496 shares. 5,800 are owned by Ntv Asset Management Ltd Liability Co. 6,723 were reported by Old Mutual Customised Solutions (Proprietary) Limited. Daiwa Secs Group Inc Inc has invested 0% in Paychex, Inc. (NASDAQ:PAYX). Albert D Mason Inc holds 1.36% in Paychex, Inc. (NASDAQ:PAYX) or 28,177 shares. Paragon Cap Ltd has 204,713 shares. American Rech And Management has 68,272 shares for 1.33% of their portfolio. Drexel Morgan And Co accumulated 8,872 shares. Royal Bankshares Of Canada invested in 0.09% or 3.12M shares. Alley Limited Liability holds 2.6% of its portfolio in Paychex, Inc. (NASDAQ:PAYX) for 119,536 shares. 450 were reported by Orrstown Financial Service. Woodmont Counsel Ltd Limited Liability Company has invested 1% in Paychex, Inc. (NASDAQ:PAYX). Mitsubishi Ufj & Bk holds 0.09% of its portfolio in Paychex, Inc. (NASDAQ:PAYX) for 835,679 shares. Baystate Wealth Mngmt, a Massachusetts-based fund reported 1,188 shares. Old Republic Corp reported 326,800 shares or 0.65% of all its holdings.

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