Hsbc Holdings PLC Has $117,000 Holdings in Rayonier Advanced Materials Inc. (NYSE:RYAM)

Hsbc Holdings PLC grew its position in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) by 36.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,367 shares of the basic materials company’s stock after purchasing an additional 3,852 shares during the quarter. Hsbc Holdings PLC’s holdings in Rayonier Advanced Materials were worth $117,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Ieq Capital LLC acquired a new stake in Rayonier Advanced Materials during the 4th quarter worth about $83,000. Entropy Technologies LP bought a new stake in shares of Rayonier Advanced Materials during the 4th quarter valued at about $84,000. Townsquare Capital LLC acquired a new stake in Rayonier Advanced Materials during the fourth quarter worth approximately $85,000. Walleye Capital LLC acquired a new stake in Rayonier Advanced Materials during the fourth quarter worth approximately $113,000. Finally, Summit Global Investments bought a new stake in Rayonier Advanced Materials in the fourth quarter worth approximately $120,000. 68.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on RYAM. StockNews.com raised shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research report on Wednesday, May 7th. Royal Bank of Canada reduced their price target on shares of Rayonier Advanced Materials from $9.00 to $6.00 and set an “outperform” rating for the company in a report on Thursday.

Rayonier Advanced Materials Trading Down 3.7%

Shares of Rayonier Advanced Materials stock opened at $3.62 on Monday. The stock has a market capitalization of $241.64 million, a PE ratio of -2.83 and a beta of 2.63. Rayonier Advanced Materials Inc. has a 52 week low of $3.45 and a 52 week high of $10.28. The stock has a 50 day moving average price of $4.97 and a two-hundred day moving average price of $6.99. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.09 and a current ratio of 1.73.

Rayonier Advanced Materials (NYSE:RYAM) last posted its quarterly earnings results on Tuesday, May 6th. The basic materials company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.35). Rayonier Advanced Materials had a negative net margin of 5.21% and a negative return on equity of 1.61%. The business had revenue of $356.00 million during the quarter, compared to analyst estimates of $375.80 million. As a group, equities analysts anticipate that Rayonier Advanced Materials Inc. will post -0.08 earnings per share for the current fiscal year.

Rayonier Advanced Materials 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.