Public Employees Retirement System of Ohio Has $193,000 Stake in Rayonier Advanced Materials Inc. $RYAM

Public Employees Retirement System of Ohio decreased its stake in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) by 10.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 50,026 shares of the basic materials company’s stock after selling 6,002 shares during the period. Public Employees Retirement System of Ohio owned 0.07% of Rayonier Advanced Materials worth $193,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. New York State Teachers Retirement System acquired a new position in shares of Rayonier Advanced Materials during the 1st quarter valued at about $34,000. Royce & Associates LP bought a new stake in Rayonier Advanced Materials during the 1st quarter valued at approximately $103,000. Saxon Interests Inc. bought a new stake in Rayonier Advanced Materials during the 1st quarter valued at approximately $117,000. Quantbot Technologies LP boosted its stake in Rayonier Advanced Materials by 52.6% during the 1st quarter. Quantbot Technologies LP now owns 37,673 shares of the basic materials company’s stock valued at $217,000 after purchasing an additional 12,980 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in Rayonier Advanced Materials by 38.4% during the 1st quarter. Victory Capital Management Inc. now owns 39,978 shares of the basic materials company’s stock valued at $230,000 after purchasing an additional 11,095 shares during the period. Institutional investors and hedge funds own 68.64% of the company’s stock.

Rayonier Advanced Materials Price Performance

Shares of RYAM stock opened at $7.72 on Tuesday. The company has a current ratio of 1.45, a quick ratio of 0.83 and a debt-to-equity ratio of 2.10. The company has a market capitalization of $517.24 million, a P/E ratio of -1.16 and a beta of 2.64. Rayonier Advanced Materials Inc. has a 12 month low of $3.35 and a 12 month high of $10.28. The stock has a 50 day moving average of $5.71 and a two-hundred day moving average of $4.80.

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 the consensus estimate of ($0.20) by ($0.23). The company had revenue of $340.00 million for the quarter, compared to the consensus estimate of $387.07 million. Rayonier Advanced Materials had a negative return on equity of 12.11% and a negative net margin of 29.23%. As a group, equities analysts expect that Rayonier Advanced Materials Inc. will post -0.08 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Zacks Research upgraded Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Rayonier Advanced Materials in a research note on Saturday, September 27th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Rayonier Advanced Materials presently has a consensus rating of “Hold” and a consensus price target of $6.00.

Insider Activity at Rayonier Advanced Materials

In related news, CEO Delyle W. Bloomquist bought 53,533 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was acquired at an average price of $4.71 per share, for a total transaction of $252,140.43. Following the transaction, the chief executive officer directly owned 539,557 shares of the company’s stock, valued at $2,541,313.47. This represents a 11.01% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.41% of the stock is owned by company insiders.

About Rayonier Advanced Materials

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.