Rayonier Advanced Materials (NYSE:RYAM) Trading 5.7% Higher – What’s Next?

Shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) shot up 5.7% on Wednesday . The stock traded as high as $8.55 and last traded at $8.53. 162,554 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 355,773 shares. The stock had previously closed at $8.07.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RYAM. Royal Bank of Canada boosted their price target on Rayonier Advanced Materials from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. StockNews.com cut Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research report on Friday, December 20th.

Rayonier Advanced Materials Stock Performance

The stock has a market cap of $526.70 million, a P/E ratio of -6.24 and a beta of 3.02. The company has a quick ratio of 1.09, a current ratio of 1.73 and a debt-to-equity ratio of 1.02. The business has a 50 day moving average price of $8.04 and a two-hundred day moving average price of $7.86.

Rayonier Advanced Materials (NYSE:RYAM) last announced its quarterly earnings results on Tuesday, November 5th. The basic materials company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $401.00 million during the quarter, compared to analyst estimates of $412.20 million. During the same period in the prior year, the company earned ($0.41) earnings per share. On average, sell-side analysts forecast that Rayonier Advanced Materials Inc. will post -0.08 earnings per share for the current fiscal year.

Insider Transactions at Rayonier Advanced Materials

In related news, Director Eric Bowen bought 12,500 shares of the company’s stock in a transaction on Friday, December 13th. The shares were acquired at an average price of $8.04 per share, with a total value of $100,500.00. Following the transaction, the director now owns 12,500 shares of the company’s stock, valued at $100,500. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.14% of the company’s stock.

Institutional Trading of Rayonier Advanced Materials

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers boosted its position in shares of Rayonier Advanced Materials by 3.5% in the 4th quarter. Rhumbline Advisers now owns 131,544 shares of the basic materials company’s stock worth $1,085,000 after purchasing an additional 4,445 shares in the last quarter. Savant Capital LLC boosted its position in shares of Rayonier Advanced Materials by 7.9% in the 4th quarter. Savant Capital LLC now owns 31,821 shares of the basic materials company’s stock worth $263,000 after purchasing an additional 2,322 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Rayonier Advanced Materials in the 4th quarter worth $84,000. Empowered Funds LLC boosted its position in shares of Rayonier Advanced Materials by 5.1% in the 4th quarter. Empowered Funds LLC now owns 356,960 shares of the basic materials company’s stock worth $2,945,000 after purchasing an additional 17,368 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Rayonier Advanced Materials by 33.5% in the 4th quarter. SG Americas Securities LLC now owns 45,367 shares of the basic materials company’s stock worth $374,000 after purchasing an additional 11,384 shares in the last quarter. 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.