Rayonier Advanced Materials (NYSE:RYAM) Sets New 12-Month High at $8.45

Rayonier Advanced Materials Inc. (NYSE:RYAM) shares reached a new 52-week high on Tuesday . The stock traded as high as $8.45 and last traded at $8.45, with a volume of 258 shares trading hands. The stock had previously closed at $8.02.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on RYAM shares. StockNews.com raised shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. Royal Bank of Canada boosted their price target on shares of Rayonier Advanced Materials from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Thursday, September 19th.

Rayonier Advanced Materials Price Performance

The company has a market cap of $533.79 million, a price-to-earnings ratio of -4.98 and a beta of 3.00. The company has a quick ratio of 1.09, a current ratio of 1.69 and a debt-to-equity ratio of 1.00. The company’s fifty day moving average price is $7.09 and its two-hundred day moving average price is $5.64.

Rayonier Advanced Materials (NYSE:RYAM) last released its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.19 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.26. The company had revenue of $419.00 million during the quarter, compared to analysts’ expectations of $407.10 million. Rayonier Advanced Materials had a negative net margin of 4.82% and a negative return on equity of 3.96%. During the same quarter in the prior year, the company earned ($0.25) earnings per share. On average, equities research analysts forecast that Rayonier Advanced Materials Inc. will post -0.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its stake in Rayonier Advanced Materials by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 3,598,490 shares of the basic materials company’s stock valued at $19,576,000 after acquiring an additional 201,939 shares during the last quarter. Vanguard Group Inc. lifted its stake in Rayonier Advanced Materials by 0.9% in the first quarter. Vanguard Group Inc. now owns 3,417,106 shares of the basic materials company’s stock valued at $16,334,000 after acquiring an additional 31,281 shares during the last quarter. Boston Partners lifted its stake in Rayonier Advanced Materials by 1,923.5% in the first quarter. Boston Partners now owns 2,161,539 shares of the basic materials company’s stock valued at $10,307,000 after acquiring an additional 2,054,715 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Rayonier Advanced Materials by 471.8% in the first quarter. Russell Investments Group Ltd. now owns 1,997,437 shares of the basic materials company’s stock valued at $9,548,000 after acquiring an additional 1,648,101 shares during the last quarter. Finally, CastleKnight Management LP lifted its stake 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 valued at $7,950,000 after acquiring an additional 1,790,257 shares during the last quarter. Institutional investors and hedge funds 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.