455,500 Shares in Rayonier Advanced Materials Inc. (NYSE:RYAM) Bought by Federated Hermes Inc.

Federated Hermes Inc. bought a new position in Rayonier Advanced Materials Inc. (NYSE:RYAM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 455,500 shares of the basic materials company’s stock, valued at approximately $1,845,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sherbrooke Park Advisers LLC bought a new stake in Rayonier Advanced Materials during the 3rd quarter worth about $46,000. Bleakley Financial Group LLC bought a new stake in Rayonier Advanced Materials during the 4th quarter worth about $47,000. Simplicity Solutions LLC bought a new stake in shares of Rayonier Advanced Materials in the 4th quarter valued at about $47,000. Stratos Wealth Partners LTD. bought a new stake in shares of Rayonier Advanced Materials in the 4th quarter valued at about $54,000. Finally, Sugarloaf Wealth Management LLC raised its holdings in shares of Rayonier Advanced Materials by 41.5% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 20,361 shares of the basic materials company’s stock valued at $72,000 after purchasing an additional 5,969 shares during the period. 68.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a report on Monday, April 22nd.

Rayonier Advanced Materials Stock Up 0.3 %

Shares of RYAM stock opened at $3.89 on Monday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.98 and a current ratio of 1.53. The firm’s 50-day moving average is $4.27 and its 200-day moving average is $3.89. The stock has a market cap of $254.95 million, a price-to-earnings ratio of -2.48 and a beta of 3.03. Rayonier Advanced Materials Inc. has a 52-week low of $2.66 and a 52-week high of $5.76.

Rayonier Advanced Materials (NYSE:RYAM) last announced its quarterly earnings results on Tuesday, February 27th. The basic materials company reported ($0.22) EPS 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 company had revenue of $422.00 million during the quarter, compared to analyst estimates of $442.40 million. Sell-side analysts predict that Rayonier Advanced Materials Inc. will post -0.34 EPS 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.