Rayonier Advanced Materials (NYSE:RYAM) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of Rayonier Advanced Materials (NYSE:RYAM) from a buy rating to a hold rating in a report published on Monday.

Separately, Royal Bank of Canada dropped their target price on Rayonier Advanced Materials from $12.00 to $11.00 and set an “outperform” rating for the company in a research report on Friday.

Rayonier Advanced Materials Price Performance

Shares of RYAM stock opened at $5.50 on Monday. The stock’s fifty day simple moving average is $7.57 and its 200 day simple moving average is $8.00. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.73 and a quick ratio of 1.09. The firm has a market cap of $362.21 million, a price-to-earnings ratio of -4.29 and a beta of 3.02. Rayonier Advanced Materials has a one year low of $3.72 and a one year high of $10.28.

Insider Activity at Rayonier Advanced Materials

In other Rayonier Advanced Materials news, Director Eric Bowen bought 12,500 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was purchased at an average cost of $8.04 per share, with a total value of $100,500.00. Following the completion of the purchase, the director now owns 12,500 shares in the company, valued at approximately $100,500. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.14% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Ieq Capital LLC acquired a new position in Rayonier Advanced Materials during the fourth quarter valued at approximately $83,000. Entropy Technologies LP bought a new stake in Rayonier Advanced Materials in the fourth quarter valued at approximately $84,000. Townsquare Capital LLC bought a new stake in Rayonier Advanced Materials in the fourth quarter valued at approximately $85,000. Walleye Capital LLC bought a new stake in Rayonier Advanced Materials in the fourth quarter valued at approximately $113,000. Finally, Hsbc Holdings PLC raised its stake in Rayonier Advanced Materials by 36.6% in the fourth quarter. Hsbc Holdings PLC now owns 14,367 shares of the basic materials company’s stock valued at $117,000 after buying an additional 3,852 shares during the period. 68.64% of the stock is owned by institutional investors and hedge funds.

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.