Bleakley Financial Group LLC Acquires Shares of 11,685 Rayonier Advanced Materials Inc. (NYSE:RYAM)

Bleakley Financial Group LLC acquired a new stake in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,685 shares of the basic materials company’s stock, valued at approximately $47,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP bought a new position in shares of Rayonier Advanced Materials in the first quarter worth $29,000. Point72 Asset Management L.P. purchased a new stake in shares of Rayonier Advanced Materials in the fourth quarter worth $31,000. Tower Research Capital LLC TRC raised its position in shares of Rayonier Advanced Materials by 132.4% in the third quarter. Tower Research Capital LLC TRC now owns 8,763 shares of the basic materials company’s stock worth $31,000 after buying an additional 4,992 shares in the last quarter. Price T Rowe Associates Inc. MD purchased a new stake in shares of Rayonier Advanced Materials in the third quarter worth $32,000. Finally, Pathstone Family Office LLC purchased a new stake in shares of Rayonier Advanced Materials in the third quarter worth $39,000. 68.64% of the stock is owned by institutional investors.

Rayonier Advanced Materials Trading Down 3.8 %

NYSE RYAM opened at $4.28 on Wednesday. The stock’s 50-day simple moving average is $4.34 and its two-hundred day simple moving average is $3.85. Rayonier Advanced Materials Inc. has a twelve month low of $2.66 and a twelve 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 company has a market capitalization of $280.51 million, a price-to-earnings ratio of -2.73 and a beta of 3.03.

Rayonier Advanced Materials (NYSE:RYAM) last released its quarterly 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 net margin of 6.15% and a negative return on equity of 6.80%. The firm had revenue of $422.00 million for the quarter, compared to analysts’ expectations of $442.40 million. Research analysts forecast that Rayonier Advanced Materials Inc. will post -0.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Rayonier Advanced Materials from a “hold” rating to a “sell” rating in a research report on Thursday, March 7th.

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.