Quadrature Capital Ltd Decreases Stake in Rayonier Advanced Materials Inc. (NYSE:RYAM)

Quadrature Capital Ltd lowered its position in Rayonier Advanced Materials Inc. (NYSE:RYAM) by 73.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 22,683 shares of the basic materials company’s stock after selling 63,818 shares during the quarter. Quadrature Capital Ltd’s holdings in Rayonier Advanced Materials were worth $92,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Sherbrooke Park Advisers LLC purchased a new stake in Rayonier Advanced Materials in the 3rd quarter worth about $46,000. Bleakley Financial Group LLC purchased a new position in Rayonier Advanced Materials during the 4th quarter valued at about $47,000. Simplicity Solutions LLC purchased a new position in Rayonier Advanced Materials during the 4th quarter valued at about $47,000. Stratos Wealth Partners LTD. purchased a new position in Rayonier Advanced Materials during the 4th quarter valued at about $54,000. Finally, Tower Research Capital LLC TRC grew its holdings in Rayonier Advanced Materials by 64.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 14,396 shares of the basic materials company’s stock valued at $58,000 after buying an additional 5,633 shares in the last quarter. Hedge funds and other institutional investors own 68.64% of the company’s stock.

Rayonier Advanced Materials Stock Up 2.1 %

RYAM stock opened at $5.44 on Friday. The company has a current ratio of 1.64, a quick ratio of 0.95 and a debt-to-equity ratio of 1.02. The company’s 50 day moving average is $5.01 and its 200 day moving average is $4.51. The stock has a market cap of $356.76 million, a price-to-earnings ratio of -3.38 and a beta of 2.98. Rayonier Advanced Materials Inc. has a 1-year low of $2.66 and a 1-year high of $6.20.

Rayonier Advanced Materials (NYSE:RYAM) last posted its quarterly earnings data on Tuesday, May 7th. The basic materials company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The company had revenue of $388.00 million during the quarter, compared to the consensus estimate of $483.00 million. Rayonier Advanced Materials had a negative return on equity of 7.77% and a negative net margin of 6.71%. Sell-side analysts predict that Rayonier Advanced Materials Inc. will post -0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a report on Monday, April 22nd.

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.