Rayonier Advanced Materials (NYSE:RYAM) Raised to “Buy” at StockNews.com

Rayonier Advanced Materials (NYSE:RYAM) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

Separately, Royal Bank of Canada dropped their target price on shares of Rayonier Advanced Materials from $12.00 to $11.00 and set an “outperform” rating for the company in a research report on Friday, March 7th.

Rayonier Advanced Materials Stock Down 4.5 %

Shares of RYAM opened at $5.00 on Thursday. Rayonier Advanced Materials has a fifty-two week low of $3.72 and a fifty-two week high of $10.28. The firm has a market cap of $329.51 million, a PE ratio of -3.90 and a beta of 3.01. The company has a quick ratio of 1.09, a current ratio of 1.73 and a debt-to-equity ratio of 1.02. The company’s fifty day moving average is $6.66 and its two-hundred day moving average is $7.72.

Institutional Trading of Rayonier Advanced Materials

Hedge funds and other institutional investors have recently modified their holdings of the business. PharVision Advisers LLC acquired a new stake in Rayonier Advanced Materials during the 4th quarter valued at approximately $227,000. Squarepoint Ops LLC grew its holdings in shares of Rayonier Advanced Materials by 62.5% during the fourth quarter. Squarepoint Ops LLC now owns 90,426 shares of the basic materials company’s stock valued at $746,000 after purchasing an additional 34,777 shares during the last quarter. State of Wyoming raised its position in shares of Rayonier Advanced Materials by 89.8% during the 4th quarter. State of Wyoming now owns 75,327 shares of the basic materials company’s stock worth $621,000 after purchasing an additional 35,645 shares during the period. Sherbrooke Park Advisers LLC lifted its holdings in shares of Rayonier Advanced Materials by 145.0% in the 4th quarter. Sherbrooke Park Advisers LLC now owns 27,976 shares of the basic materials company’s stock worth $231,000 after purchasing an additional 16,557 shares during the last quarter. Finally, ProShare Advisors LLC boosted its position in Rayonier Advanced Materials by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 18,030 shares of the basic materials company’s stock valued at $149,000 after purchasing an additional 5,932 shares during the period. 68.64% of the stock is owned by hedge funds and other institutional investors.

About Rayonier Advanced Materials

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.