SG Americas Securities LLC Takes $141,000 Position in Rayonier Advanced Materials Inc. (NYSE:RYAM)

SG Americas Securities LLC acquired a new stake in Rayonier Advanced Materials Inc. (NYSE:RYAM) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 34,807 shares of the basic materials company’s stock, valued at approximately $141,000.

A number of other institutional investors also recently made changes to their positions in RYAM. BlackRock Inc. raised its holdings in Rayonier Advanced Materials by 0.3% during the 1st quarter. BlackRock Inc. now owns 9,971,477 shares of the basic materials company’s stock valued at $65,513,000 after buying an additional 28,169 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Rayonier Advanced Materials by 8.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,535,440 shares of the basic materials company’s stock valued at $28,437,000 after buying an additional 342,630 shares during the last quarter. Vanguard Group Inc. raised its holdings in Rayonier Advanced Materials by 6.2% during the 3rd quarter. Vanguard Group Inc. now owns 4,347,799 shares of the basic materials company’s stock valued at $13,696,000 after buying an additional 253,960 shares during the last quarter. Invesco Ltd. raised its holdings in Rayonier Advanced Materials by 27.7% during the 1st quarter. Invesco Ltd. now owns 3,304,887 shares of the basic materials company’s stock valued at $21,713,000 after buying an additional 717,466 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Rayonier Advanced Materials by 6.2% in the 2nd quarter. Renaissance Technologies LLC now owns 2,393,244 shares of the basic materials company’s stock worth $10,243,000 after purchasing an additional 139,630 shares in the last quarter. Hedge funds and other institutional investors own 68.64% of the company’s stock.

Analyst Upgrades and Downgrades

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

Rayonier Advanced Materials Stock Down 3.8 %

Shares of NYSE RYAM opened at $4.28 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 0.98 and a debt-to-equity ratio of 1.01. Rayonier Advanced Materials Inc. has a 12 month low of $2.66 and a 12 month high of $5.76. The firm has a market capitalization of $280.51 million, a PE ratio of -2.73 and a beta of 3.03. The firm has a fifty day simple moving average of $4.34 and a two-hundred day simple moving average of $3.85.

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). The business had revenue of $422.00 million during the quarter, compared to analysts’ expectations of $442.40 million. Rayonier Advanced Materials had a negative return on equity of 6.80% and a negative net margin of 6.15%. Equities analysts expect that Rayonier Advanced Materials Inc. will post -0.34 earnings per share for the current year.

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.