Price T Rowe Associates Inc. MD Has $200,000 Holdings in Rayonier Advanced Materials Inc. (NYSE:RYAM)

Price T Rowe Associates Inc. MD boosted its stake in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) by 15.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,135 shares of the basic materials company’s stock after buying an additional 3,305 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Rayonier Advanced Materials were worth $200,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Hsbc Holdings PLC grew its stake in shares of Rayonier Advanced Materials by 36.6% in the 4th quarter. Hsbc Holdings PLC now owns 14,367 shares of the basic materials company’s stock valued at $117,000 after buying an additional 3,852 shares in the last quarter. MetLife Investment Management LLC boosted its position in Rayonier Advanced Materials by 15.5% during the fourth quarter. MetLife Investment Management LLC now owns 42,098 shares of the basic materials company’s stock worth $347,000 after purchasing an additional 5,660 shares during the period. Dimensional Fund Advisors LP boosted its position in Rayonier Advanced Materials by 3.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,970,285 shares of the basic materials company’s stock worth $32,754,000 after purchasing an additional 146,799 shares during the period. Marshall Wace LLP bought a new stake in Rayonier Advanced Materials during the fourth quarter worth approximately $1,226,000. Finally, Zacks Investment Management bought a new stake in Rayonier Advanced Materials during the fourth quarter worth approximately $935,000. Institutional investors and hedge funds own 68.64% of the company’s stock.

Rayonier Advanced Materials Stock Up 7.3%

RYAM opened at $4.20 on Friday. Rayonier Advanced Materials Inc. has a 1-year low of $3.45 and a 1-year high of $10.28. The company has a current ratio of 1.73, a quick ratio of 1.09 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $280.12 million, a price-to-earnings ratio of -3.28 and a beta of 2.63. The business has a 50 day moving average of $4.76 and a 200-day moving average of $6.87.

Rayonier Advanced Materials (NYSE:RYAM) last posted its quarterly earnings data on Tuesday, May 6th. The basic materials company reported ($0.49) earnings per share 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 the consensus estimate of $375.80 million. As a group, sell-side analysts anticipate that Rayonier Advanced Materials Inc. will post -0.08 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on RYAM shares. StockNews.com cut Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research report on Thursday. Royal Bank of Canada reduced their price objective on Rayonier Advanced Materials from $9.00 to $6.00 and set an “outperform” rating for the company in a research report on Thursday, May 8th.

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.