Rayonier Advanced Materials (NYSE:RYAM) Upgraded by StockNews.com to “Hold”

StockNews.com upgraded shares of Rayonier Advanced Materials (NYSE:RYAM) from a sell rating to a hold rating in a research note issued to investors on Monday.

Rayonier Advanced Materials Trading Down 2.4 %

Shares of RYAM stock opened at $4.20 on Monday. The business has a 50-day moving average price of $4.32 and a two-hundred day moving average price of $3.87. Rayonier Advanced Materials has a 12-month low of $2.66 and a 12-month high of $5.76. The company has a quick ratio of 0.98, a current ratio of 1.53 and a debt-to-equity ratio of 1.01. The firm has a market cap of $274.94 million, a P/E ratio of -2.67 and a beta of 3.03.

Rayonier Advanced Materials (NYSE:RYAM) last released its earnings results on Tuesday, February 27th. The basic materials company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.16). Rayonier Advanced Materials had a negative return on equity of 6.80% and a negative net margin of 6.15%. The firm had revenue of $422.00 million during the quarter, compared to the consensus estimate of $442.40 million. Equities analysts anticipate that Rayonier Advanced Materials will post -0.34 EPS for the current fiscal year.

Institutional Trading of Rayonier Advanced Materials

Several hedge funds and other institutional investors have recently bought and sold shares of RYAM. Acadian Asset Management LLC grew its holdings in Rayonier Advanced Materials by 16.0% in the 3rd quarter. Acadian Asset Management LLC now owns 2,024,339 shares of the basic materials company’s stock worth $7,164,000 after acquiring an additional 278,760 shares during the last quarter. AQR Capital Management LLC grew its holdings in Rayonier Advanced Materials by 148.3% in the third quarter. AQR Capital Management LLC now owns 1,985,218 shares of the basic materials company’s stock worth $7,028,000 after purchasing an additional 1,185,632 shares during the period. CastleKnight Management LP grew its stake in shares of Rayonier Advanced Materials by 1,036.0% in the 4th quarter. CastleKnight Management LP now owns 1,963,057 shares of the basic materials company’s stock worth $7,950,000 after buying an additional 1,790,257 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Rayonier Advanced Materials by 22.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,108,445 shares of the basic materials company’s stock worth $3,924,000 after acquiring an additional 206,400 shares during the last quarter. Finally, GSA Capital Partners LLP grew its position in Rayonier Advanced Materials by 54.5% during the 3rd quarter. GSA Capital Partners LLP now owns 472,579 shares of the basic materials company’s stock valued at $1,673,000 after purchasing an additional 166,722 shares during the last quarter. Institutional investors own 68.64% of the company’s stock.

Rayonier Advanced Materials Company 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.