BNP Paribas Financial Markets Grows Holdings in Rayonier Advanced Materials Inc. (NYSE:RYAM)

BNP Paribas Financial Markets lifted its position in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) by 760.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 183,971 shares of the basic materials company’s stock after acquiring an additional 162,588 shares during the quarter. BNP Paribas Financial Markets owned 0.28% of Rayonier Advanced Materials worth $1,575,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of RYAM. Quarry LP acquired a new position in shares of Rayonier Advanced Materials during the 2nd quarter worth about $29,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Rayonier Advanced Materials during the 2nd quarter valued at approximately $61,000. nVerses Capital LLC grew its position in Rayonier Advanced Materials by 121.9% in the third quarter. nVerses Capital LLC now owns 7,100 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 3,900 shares during the period. Truist Financial Corp acquired a new stake in Rayonier Advanced Materials during the second quarter worth $66,000. Finally, Intech Investment Management LLC acquired a new position in shares of Rayonier Advanced Materials in the 3rd quarter valued at $139,000. 68.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RYAM has been the subject of several research reports. StockNews.com downgraded Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research report on Thursday. Royal Bank of Canada boosted their target price 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.

Rayonier Advanced Materials Stock Performance

Shares of RYAM stock opened at $8.53 on Monday. Rayonier Advanced Materials Inc. has a 52-week low of $3.15 and a 52-week high of $10.28. The stock’s 50-day moving average price is $8.62 and its 200 day moving average price is $7.26. 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 stock has a market capitalization of $562.26 million, a PE ratio of -6.66 and a beta of 3.01.

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

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.