Rayonier Advanced Materials (NYSE:RYAM) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Rayonier Advanced Materials (NYSE:RYAM) from a hold rating to a buy rating in a research report report published on Thursday morning.

Separately, Royal Bank of Canada dropped their price target on shares of Rayonier Advanced Materials from $12.00 to $11.00 and set an “outperform” rating for the company in a research report on Friday, March 7th.

Rayonier Advanced Materials Stock Down 4.5 %

RYAM opened at $5.00 on Thursday. Rayonier Advanced Materials has a 12 month low of $3.72 and a 12 month high of $10.28. The business has a 50-day moving average of $6.66 and a two-hundred day moving average of $7.72. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.73 and a quick ratio of 1.09. The stock has a market capitalization of $329.51 million, a price-to-earnings ratio of -3.90 and a beta of 3.01.

Institutional Investors Weigh In On Rayonier Advanced Materials

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC grew its holdings in shares of Rayonier Advanced Materials by 176.2% during the 3rd quarter. Jane Street Group LLC now owns 174,693 shares of the basic materials company’s stock worth $1,495,000 after purchasing an additional 111,440 shares during the period. JPMorgan Chase & Co. lifted its position in Rayonier Advanced Materials by 157.9% during the third quarter. JPMorgan Chase & Co. now owns 500,891 shares of the basic materials company’s stock valued at $4,288,000 after buying an additional 306,640 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Rayonier Advanced Materials by 33.5% in the fourth quarter. SG Americas Securities LLC now owns 45,367 shares of the basic materials company’s stock worth $374,000 after acquiring an additional 11,384 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Rayonier Advanced Materials by 760.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 183,971 shares of the basic materials company’s stock valued at $1,575,000 after acquiring an additional 162,588 shares during the period. Finally, XTX Topco Ltd raised its stake in shares of Rayonier Advanced Materials by 263.0% in the 3rd quarter. XTX Topco Ltd now owns 101,921 shares of the basic materials company’s stock valued at $872,000 after acquiring an additional 73,846 shares during the period. 68.64% of the stock is currently owned by institutional investors and hedge funds.

About Rayonier Advanced Materials

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.