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

StockNews.com lowered shares of Rayonier Advanced Materials (NYSE:RYAM) from a buy rating to a hold rating in a report released on Monday morning.

Separately, Royal Bank of Canada dropped their price objective on shares of Rayonier Advanced Materials from $12.00 to $11.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th.

Rayonier Advanced Materials Price Performance

Shares of RYAM opened at $5.45 on Monday. The business’s fifty day moving average is $7.45 and its 200 day moving average is $7.97. Rayonier Advanced Materials has a 12-month low of $3.72 and a 12-month high of $10.28. 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 stock has a market cap of $358.91 million, a P/E ratio of -4.25 and a beta of 3.02.

Insiders Place Their Bets

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

Institutional Trading of Rayonier Advanced Materials

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ieq Capital LLC purchased a new position in Rayonier Advanced Materials during the fourth quarter worth about $83,000. Entropy Technologies LP purchased a new position in shares of Rayonier Advanced Materials in the 4th quarter worth approximately $84,000. Townsquare Capital LLC bought a new position in shares of Rayonier Advanced Materials in the fourth quarter valued at approximately $85,000. Walleye Capital LLC bought a new position in shares of Rayonier Advanced Materials in the fourth quarter valued at approximately $113,000. Finally, Hsbc Holdings PLC increased its position in shares of Rayonier Advanced Materials by 36.6% during the fourth quarter. Hsbc Holdings PLC now owns 14,367 shares of the basic materials company’s stock valued at $117,000 after acquiring an additional 3,852 shares during the last quarter. 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.