Rayonier Advanced Materials (NYSE:RYAM) Rating Increased to Hold at StockNews.com

Rayonier Advanced Materials (NYSE:RYAM) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Monday.

Rayonier Advanced Materials Price Performance

Shares of RYAM stock opened at $4.06 on Monday. The stock has a market cap of $266.09 million, a price-to-earnings ratio of -2.59 and a beta of 3.03. The business’s fifty day moving average is $4.31 and its 200 day moving average is $3.88. Rayonier Advanced Materials has a twelve month low of $2.66 and a twelve month high of $5.76. The company has a quick ratio of 0.98, a current ratio of 1.53 and a debt-to-equity ratio of 1.01.

Rayonier Advanced Materials (NYSE:RYAM) last issued its quarterly earnings results on Tuesday, February 27th. The basic materials company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.16). The firm had revenue of $422.00 million during the quarter, compared to analysts’ expectations of $442.40 million. Rayonier Advanced Materials had a negative return on equity of 6.80% and a negative net margin of 6.15%. Research analysts expect that Rayonier Advanced Materials will post -0.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Rayonier Advanced Materials

Several hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC boosted its holdings in Rayonier Advanced Materials by 16.0% in the third quarter. Acadian Asset Management LLC now owns 2,024,339 shares of the basic materials company’s stock worth $7,164,000 after acquiring an additional 278,760 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Rayonier Advanced Materials by 148.3% in the third quarter. AQR Capital Management LLC now owns 1,985,218 shares of the basic materials company’s stock worth $7,028,000 after acquiring an additional 1,185,632 shares in the last quarter. CastleKnight Management LP boosted its holdings in Rayonier Advanced Materials by 1,036.0% in the fourth quarter. CastleKnight Management LP now owns 1,963,057 shares of the basic materials company’s stock worth $7,950,000 after acquiring an additional 1,790,257 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Rayonier Advanced Materials by 22.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,108,445 shares of the basic materials company’s stock valued at $3,924,000 after purchasing an additional 206,400 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its holdings in shares of Rayonier Advanced Materials by 54.5% during the third quarter. GSA Capital Partners LLP now owns 472,579 shares of the basic materials company’s stock valued at $1,673,000 after purchasing an additional 166,722 shares in the last quarter. 68.64% of the stock is owned by institutional investors.

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.