Strs Ohio Purchases Shares of 95,900 Rayonier Advanced Materials Inc. $RYAM

Strs Ohio purchased a new stake in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) in the 1st quarter, Holdings Channel reports. The institutional investor purchased 95,900 shares of the basic materials company’s stock, valued at approximately $551,000.

A number of other institutional investors have also added to or reduced their stakes in RYAM. New York State Teachers Retirement System bought a new position in Rayonier Advanced Materials in the first quarter worth $34,000. Royce & Associates LP bought a new stake in shares of Rayonier Advanced Materials during the 1st quarter valued at about $103,000. Saxon Interests Inc. bought a new stake in shares of Rayonier Advanced Materials during the 1st quarter valued at about $117,000. Man Group plc purchased a new position in shares of Rayonier Advanced Materials during the 4th quarter valued at about $142,000. Finally, ProShare Advisors LLC lifted its position in shares of Rayonier Advanced Materials by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 18,030 shares of the basic materials company’s stock valued at $149,000 after buying an additional 5,932 shares in the last quarter. Institutional investors own 68.64% of the company’s stock.

Insider Activity

In other news, CEO Delyle W. Bloomquist acquired 53,533 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was purchased at an average cost of $4.71 per share, with a total value of $252,140.43. Following the purchase, the chief executive officer directly owned 539,557 shares of the company’s stock, valued at approximately $2,541,313.47. This trade represents a 11.01% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 4.41% of the company’s stock.

Rayonier Advanced Materials Trading Up 0.1%

NYSE:RYAM opened at $7.13 on Friday. The stock has a 50-day simple moving average of $5.07 and a 200-day simple moving average of $4.68. The stock has a market cap of $477.98 million, a P/E ratio of -1.07 and a beta of 2.56. Rayonier Advanced Materials Inc. has a 1 year low of $3.35 and a 1 year high of $10.28. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.83 and a current ratio of 1.45.

Rayonier Advanced Materials (NYSE:RYAM) last announced its earnings results on Tuesday, August 5th. The basic materials company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.23). The firm had revenue of $340.00 million during the quarter, compared to analyst estimates of $387.07 million. Rayonier Advanced Materials had a negative net margin of 29.23% and a negative return on equity of 12.11%. As a group, analysts anticipate that Rayonier Advanced Materials Inc. will post -0.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Rayonier Advanced Materials presently has an average rating of “Moderate Buy” and an average price target of $6.00.

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.