Rayonier Advanced Materials (NYSE:RYAM) Upgraded at Zacks Research

Zacks Research upgraded shares of Rayonier Advanced Materials (NYSE:RYAM) from a strong sell rating to a hold rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, Wall Street Zen lowered shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research note on Thursday, May 15th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $6.00.

Rayonier Advanced Materials Trading Up 0.6%

NYSE:RYAM opened at $6.01 on Monday. Rayonier Advanced Materials has a 52 week low of $3.35 and a 52 week high of $10.28. The firm has a 50 day moving average of $4.72 and a 200 day moving average of $4.74. The company has a quick ratio of 0.83, a current ratio of 1.45 and a debt-to-equity ratio of 2.10. The stock has a market capitalization of $402.34 million, a price-to-earnings ratio of -0.90 and a beta of 2.56.

Rayonier Advanced Materials (NYSE:RYAM) last posted its earnings results on Tuesday, August 5th. The basic materials company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.23). Rayonier Advanced Materials had a negative net margin of 29.23% and a negative return on equity of 12.11%. The firm had revenue of $340.00 million for the quarter, compared to analysts’ expectations of $387.07 million. As a group, sell-side analysts anticipate that Rayonier Advanced Materials will post -0.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Rayonier Advanced Materials

In other Rayonier Advanced Materials news, CEO Delyle W. Bloomquist acquired 53,533 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were purchased at an average price of $4.71 per share, for a total transaction of $252,140.43. Following the completion of the purchase, the chief executive officer directly owned 539,557 shares of the company’s stock, valued at $2,541,313.47. The trade was a 11.01% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.41% of the stock is owned by insiders.

Institutional Trading of Rayonier Advanced Materials

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Rayonier Advanced Materials by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,631 shares of the basic materials company’s stock worth $302,000 after acquiring an additional 1,596 shares during the period. Price T Rowe Associates Inc. MD grew its position in Rayonier Advanced Materials by 15.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 24,135 shares of the basic materials company’s stock valued at $200,000 after buying an additional 3,305 shares during the period. SummerHaven Investment Management LLC grew its position in Rayonier Advanced Materials by 2.4% during the second quarter. SummerHaven Investment Management LLC now owns 144,165 shares of the basic materials company’s stock valued at $555,000 after buying an additional 3,382 shares during the period. New York State Teachers Retirement System acquired a new stake in Rayonier Advanced Materials during the first quarter valued at $34,000. Finally, ProShare Advisors LLC grew its position in Rayonier Advanced Materials by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 18,030 shares of the basic materials company’s stock valued at $149,000 after buying an additional 5,932 shares during the period. Institutional investors and hedge funds own 68.64% of the company’s stock.

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.