Rayonier Advanced Materials (NYSE:RYAM) Stock Rating Lowered by StockNews.com

Rayonier Advanced Materials (NYSE:RYAM) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Separately, Royal Bank of Canada raised their price objective on Rayonier Advanced Materials from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th.

Rayonier Advanced Materials Trading Up 0.8 %

RYAM opened at $7.47 on Friday. Rayonier Advanced Materials has a fifty-two week low of $3.15 and a fifty-two week high of $10.28. The firm has a market capitalization of $492.39 million, a PE ratio of -5.84 and a beta of 3.01. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.73 and a quick ratio of 1.09. The company’s 50-day moving average is $8.44 and its 200 day moving average is $7.40.

Rayonier Advanced Materials (NYSE:RYAM) last issued its quarterly earnings data on Tuesday, November 5th. The basic materials company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.06. Rayonier Advanced Materials had a negative return on equity of 1.61% and a negative net margin of 5.21%. The firm had revenue of $401.00 million during the quarter, compared to the consensus estimate of $412.20 million. During the same period in the prior year, the business posted ($0.41) earnings per share. As a group, research analysts predict that Rayonier Advanced Materials will post -0.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Rayonier Advanced Materials news, Director Eric Bowen bought 12,500 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was purchased at an average cost of $8.04 per share, with a total value of $100,500.00. Following the transaction, the director now directly owns 12,500 shares in the company, valued at $100,500. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.14% of the stock is owned by corporate insiders.

Institutional Trading of Rayonier Advanced Materials

A number of large investors have recently added to or reduced their stakes in RYAM. Franklin Resources Inc. boosted its stake in Rayonier Advanced Materials by 71.6% in the third quarter. Franklin Resources Inc. now owns 118,174 shares of the basic materials company’s stock valued at $962,000 after acquiring an additional 49,309 shares during the last quarter. Barclays PLC raised its holdings in shares of Rayonier Advanced Materials by 273.6% in the 3rd quarter. Barclays PLC now owns 83,893 shares of the basic materials company’s stock worth $718,000 after purchasing an additional 61,437 shares during the period. Geode Capital Management LLC lifted its stake in Rayonier Advanced Materials by 1.8% in the third quarter. Geode Capital Management LLC now owns 1,492,578 shares of the basic materials company’s stock valued at $12,779,000 after purchasing an additional 26,032 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Rayonier Advanced Materials by 1.8% in the third quarter. Public Employees Retirement System of Ohio now owns 63,054 shares of the basic materials company’s stock valued at $540,000 after purchasing an additional 1,139 shares during the last quarter. Finally, XTX Topco Ltd grew its holdings in Rayonier Advanced Materials by 263.0% during the third quarter. XTX Topco Ltd now owns 101,921 shares of the basic materials company’s stock valued at $872,000 after purchasing an additional 73,846 shares during the period. Hedge funds and other institutional investors 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.