Cetera Investment Advisers Has $1.12 Million Position in Rayonier Advanced Materials Inc. (NYSE:RYAM)

Cetera Investment Advisers boosted its position in Rayonier Advanced Materials Inc. (NYSE:RYAM) by 28.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 135,802 shares of the basic materials company’s stock after purchasing an additional 30,055 shares during the quarter. Cetera Investment Advisers owned about 0.21% of Rayonier Advanced Materials worth $1,120,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RYAM. SG Americas Securities LLC grew its stake in shares of Rayonier Advanced Materials by 33.5% in the fourth quarter. SG Americas Securities LLC now owns 45,367 shares of the basic materials company’s stock valued at $374,000 after acquiring an additional 11,384 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Rayonier Advanced Materials during the fourth quarter worth about $418,000. AQR Capital Management LLC lifted its position in Rayonier Advanced Materials by 64.4% during the fourth quarter. AQR Capital Management LLC now owns 507,373 shares of the basic materials company’s stock worth $4,186,000 after purchasing an additional 198,709 shares during the period. Franklin Resources Inc. lifted its position in Rayonier Advanced Materials by 12.0% during the fourth quarter. Franklin Resources Inc. now owns 132,384 shares of the basic materials company’s stock worth $1,092,000 after purchasing an additional 14,210 shares during the period. Finally, Victory Capital Management Inc. bought a new stake in Rayonier Advanced Materials during the fourth quarter worth about $238,000. 68.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on RYAM. Wall Street Zen cut shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research report on Thursday, May 15th. Royal Bank of Canada cut their price objective on shares of 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.

Insider Transactions at Rayonier Advanced Materials

In related news, CEO Delyle W. Bloomquist bought 63,291 shares of the company’s stock in a transaction dated Friday, May 16th. The stock was purchased at an average price of $3.95 per share, with a total value of $249,999.45. Following the completion of the acquisition, the chief executive officer now owns 486,024 shares of the company’s stock, valued at $1,919,794.80. The trade was a 14.97% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.41% of the company’s stock.

Rayonier Advanced Materials Stock Down 0.8%

RYAM stock opened at $3.94 on Friday. The stock has a market capitalization of $263.09 million, a P/E ratio of -3.08 and a beta of 2.63. The company has a current ratio of 1.73, a quick ratio of 1.09 and a debt-to-equity ratio of 1.02. Rayonier Advanced Materials Inc. has a 12 month low of $3.45 and a 12 month high of $10.28. The firm has a 50-day moving average price of $4.66 and a 200-day moving average price of $6.76.

Rayonier Advanced Materials (NYSE:RYAM) last posted its earnings results on Tuesday, May 6th. The basic materials company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.35). The company had revenue of $356.00 million during the quarter, compared to the consensus estimate of $375.80 million. Rayonier Advanced Materials had a negative return on equity of 1.61% and a negative net margin of 5.21%. As a group, equities research analysts anticipate that Rayonier Advanced Materials Inc. will post -0.08 EPS for the current fiscal 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.