Rayonier Advanced Materials Inc. (NYSE:RYAM) Shares Purchased by Aristeia Capital L.L.C.

Aristeia Capital L.L.C. raised its stake in Rayonier Advanced Materials Inc. (NYSE:RYAM) by 338.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 123,313 shares of the basic materials company’s stock after purchasing an additional 95,173 shares during the quarter. Aristeia Capital L.L.C. owned about 0.19% of Rayonier Advanced Materials worth $671,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in shares of Rayonier Advanced Materials by 5.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,598,490 shares of the basic materials company’s stock worth $19,576,000 after purchasing an additional 201,939 shares during the period. Vanguard Group Inc. raised its stake in shares of Rayonier Advanced Materials by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 3,417,106 shares of the basic materials company’s stock valued at $16,334,000 after acquiring an additional 31,281 shares during the period. Boston Partners lifted its holdings in shares of Rayonier Advanced Materials by 1,923.5% during the 1st quarter. Boston Partners now owns 2,161,539 shares of the basic materials company’s stock valued at $10,307,000 after acquiring an additional 2,054,715 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Rayonier Advanced Materials by 471.8% during the 1st quarter. Russell Investments Group Ltd. now owns 1,997,437 shares of the basic materials company’s stock worth $9,548,000 after purchasing an additional 1,648,101 shares during the period. Finally, CastleKnight Management LP increased its holdings in Rayonier Advanced Materials by 1,036.0% in the 4th quarter. CastleKnight Management LP now owns 1,963,057 shares of the basic materials company’s stock valued at $7,950,000 after purchasing an additional 1,790,257 shares in the last quarter. 68.64% of the stock is owned by hedge funds and other institutional investors.

Rayonier Advanced Materials Price Performance

RYAM opened at $8.02 on Tuesday. Rayonier Advanced Materials Inc. has a twelve month low of $2.66 and a twelve month high of $8.39. The firm has a market cap of $525.59 million, a price-to-earnings ratio of -4.98 and a beta of 3.00. The company has a current ratio of 1.69, a quick ratio of 1.09 and a debt-to-equity ratio of 1.00. The company has a fifty day simple moving average of $7.09 and a 200 day simple moving average of $5.64.

Rayonier Advanced Materials (NYSE:RYAM) last posted 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. Rayonier Advanced Materials had a negative net margin of 4.82% and a negative return on equity of 3.96%. The company had revenue of $419.00 million during the quarter, compared to analysts’ expectations of $407.10 million. During the same period in the prior year, the company posted ($0.25) EPS. Equities research analysts expect that Rayonier Advanced Materials Inc. will post -0.36 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.