Barclays PLC Purchases 61,437 Shares of Rayonier Advanced Materials Inc. (NYSE:RYAM)

Barclays PLC grew its position in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) by 273.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 83,893 shares of the basic materials company’s stock after acquiring an additional 61,437 shares during the quarter. Barclays PLC owned about 0.13% of Rayonier Advanced Materials worth $718,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Rayonier Advanced Materials by 5.9% in the 2nd 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. American Century Companies Inc. lifted its stake in shares of Rayonier Advanced Materials by 24.7% in the 2nd quarter. American Century Companies Inc. now owns 1,516,198 shares of the basic materials company’s stock valued at $8,248,000 after purchasing an additional 300,793 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Rayonier Advanced Materials by 7.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,496,142 shares of the basic materials company’s stock worth $8,139,000 after purchasing an additional 101,128 shares during the period. Geode Capital Management LLC increased its position in shares of Rayonier Advanced Materials by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,492,578 shares of the basic materials company’s stock valued at $12,779,000 after purchasing an additional 26,032 shares during the last quarter. Finally, State Street Corp raised its holdings in Rayonier Advanced Materials by 1.1% during the 3rd quarter. State Street Corp now owns 1,440,085 shares of the basic materials company’s stock valued at $12,327,000 after buying an additional 16,139 shares during the period. Institutional investors own 68.64% of the company’s stock.

Rayonier Advanced Materials Trading Up 3.9 %

Shares of NYSE RYAM opened at $7.69 on Thursday. Rayonier Advanced Materials Inc. has a fifty-two week low of $3.15 and a fifty-two week high of $10.28. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.09 and a current ratio of 1.73. The company has a market cap of $506.89 million, a price-to-earnings ratio of -6.01 and a beta of 3.02. The business’s 50 day moving average price is $8.37 and its 200-day moving average price is $7.68.

Rayonier Advanced Materials (NYSE:RYAM) last released its earnings results on Tuesday, November 5th. The basic materials company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.06. The business had revenue of $401.00 million for the quarter, compared to analyst estimates of $412.20 million. Rayonier Advanced Materials had a negative return on equity of 1.61% and a negative net margin of 5.21%. During the same quarter last year, the firm posted ($0.41) earnings per share. On average, sell-side analysts expect that Rayonier Advanced Materials Inc. will post -0.08 earnings per share for the current year.

Insider Activity at Rayonier Advanced Materials

In other news, Director Eric Bowen bought 12,500 shares of the stock in a transaction on Friday, December 13th. The stock was acquired at an average cost of $8.04 per share, for a total transaction of $100,500.00. Following the acquisition, the director now owns 12,500 shares of the company’s stock, valued at $100,500. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Royal Bank of Canada lifted their price objective on shares of Rayonier Advanced Materials from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. StockNews.com cut shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research note on Friday, December 20th.

Rayonier Advanced Materials 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.