Susquehanna Fundamental Investments LLC Sells 27,408 Shares of Rayonier Advanced Materials Inc. (NYSE:RYAM)

Susquehanna Fundamental Investments LLC decreased its holdings in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) by 59.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,343 shares of the basic materials company’s stock after selling 27,408 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Rayonier Advanced Materials were worth $100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in RYAM. Russell Investments Group Ltd. grew its stake in Rayonier Advanced Materials by 471.8% during 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 in the last quarter. CastleKnight Management LP increased its holdings in shares of 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 purchasing an additional 1,790,257 shares during the period. Boston Partners raised its position in shares of 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 worth $10,307,000 after buying an additional 2,054,715 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Rayonier Advanced Materials by 30.6% during the first quarter. Jacobs Levy Equity Management Inc. now owns 717,391 shares of the basic materials company’s stock valued at $3,429,000 after buying an additional 168,222 shares during the period. Finally, Bailard Inc. purchased a new position in Rayonier Advanced Materials during the second quarter worth about $254,000. Hedge funds and other institutional investors own 68.64% of the company’s stock.

Rayonier Advanced Materials Stock Up 2.2 %

RYAM opened at $8.79 on Friday. 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 business’s fifty day simple moving average is $7.56 and its 200 day simple moving average is $5.92. Rayonier Advanced Materials Inc. has a 52 week low of $2.66 and a 52 week high of $8.92. The stock has a market cap of $579.17 million, a PE ratio of -5.46 and a beta of 2.99.

Rayonier Advanced Materials (NYSE:RYAM) last announced its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.26. The company had revenue of $419.00 million for the quarter, compared to analysts’ expectations of $407.10 million. Rayonier Advanced Materials had a negative return on equity of 3.96% and a negative net margin of 4.82%. During the same period last year, the firm posted ($0.25) EPS. As a group, research analysts expect that Rayonier Advanced Materials Inc. will post -0.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the company. Royal Bank of Canada raised their price target on Rayonier Advanced Materials from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. StockNews.com upgraded shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th.

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.