SG Americas Securities LLC Purchases 11,384 Shares of Rayonier Advanced Materials Inc. (NYSE:RYAM)

SG Americas Securities LLC lifted its position in Rayonier Advanced Materials Inc. (NYSE:RYAM) by 33.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 45,367 shares of the basic materials company’s stock after buying an additional 11,384 shares during the period. SG Americas Securities LLC owned about 0.07% of Rayonier Advanced Materials worth $374,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in Rayonier Advanced Materials by 157.9% during the third quarter. JPMorgan Chase & Co. now owns 500,891 shares of the basic materials company’s stock valued at $4,288,000 after buying an additional 306,640 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in Rayonier Advanced Materials during the third quarter valued at $2,574,000. Assenagon Asset Management S.A. lifted its holdings in shares of Rayonier Advanced Materials by 226.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 325,037 shares of the basic materials company’s stock worth $2,782,000 after acquiring an additional 225,575 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Rayonier Advanced Materials by 760.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 183,971 shares of the basic materials company’s stock worth $1,575,000 after acquiring an additional 162,588 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC lifted its holdings in shares of Rayonier Advanced Materials by 100.3% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 233,700 shares of the basic materials company’s stock worth $2,000,000 after acquiring an additional 117,000 shares during the last quarter. Institutional investors own 68.64% of the company’s stock.

Analyst Upgrades and Downgrades

RYAM has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their price objective on shares of Rayonier Advanced Materials from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. StockNews.com raised shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research report on Monday.

Insider Activity at Rayonier Advanced Materials

In related news, Director Eric Bowen purchased 12,500 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average price of $8.04 per share, with a total value of $100,500.00. Following the acquisition, the director now owns 12,500 shares in the company, valued at $100,500. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.26% of the company’s stock.

Rayonier Advanced Materials Stock Performance

Shares of NYSE RYAM opened at $7.72 on Tuesday. The company has a current ratio of 1.73, a quick ratio of 1.09 and a debt-to-equity ratio of 1.02. Rayonier Advanced Materials Inc. has a 12 month low of $3.15 and a 12 month high of $10.28. The company has a 50 day simple moving average of $8.02 and a two-hundred day simple moving average of $7.90. The stock has a market cap of $508.57 million, a price-to-earnings ratio of -6.03 and a beta of 3.00.

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

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.