Rayonier Advanced Materials Inc. (NYSE:RYAM) Stake Lifted by SG Americas Securities LLC

SG Americas Securities LLC increased its stake in Rayonier Advanced Materials Inc. (NYSE:RYAM) by 168.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,983 shares of the basic materials company’s stock after acquiring an additional 21,338 shares during the period. SG Americas Securities LLC owned approximately 0.05% of Rayonier Advanced Materials worth $291,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Quarry LP acquired a new stake in Rayonier Advanced Materials during the second quarter valued at approximately $29,000. Mercer Global Advisors Inc. ADV bought a new stake in Rayonier Advanced Materials during the second quarter worth approximately $61,000. Truist Financial Corp bought a new stake in Rayonier Advanced Materials during the second quarter worth approximately $66,000. EntryPoint Capital LLC bought a new stake in Rayonier Advanced Materials during the first quarter worth approximately $100,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Rayonier Advanced Materials by 4,134.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 27,566 shares of the basic materials company’s stock worth $150,000 after buying an additional 26,915 shares in the last quarter. 68.64% of the stock is currently owned by institutional investors.

Rayonier Advanced Materials Trading Down 1.7 %

Rayonier Advanced Materials stock opened at $7.98 on Monday. The company has a 50 day moving average price of $7.95 and a 200 day moving average price of $6.20. Rayonier Advanced Materials Inc. has a 52 week low of $2.66 and a 52 week high of $8.97. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.09 and a current ratio of 1.69. The firm has a market capitalization of $523.30 million, a price-to-earnings ratio of -4.96 and a beta of 2.99.

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

Analyst Ratings Changes

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

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.