66,245 Shares in Rayonier Advanced Materials Inc. $RYAM Bought by Next Capital Management LLC

Next Capital Management LLC purchased a new stake in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 66,245 shares of the basic materials company’s stock, valued at approximately $478,000. Next Capital Management LLC owned 0.10% of Rayonier Advanced Materials as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of RYAM. LSV Asset Management grew its stake in shares of Rayonier Advanced Materials by 49.5% in the second quarter. LSV Asset Management now owns 182,100 shares of the basic materials company’s stock worth $701,000 after purchasing an additional 60,300 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Rayonier Advanced Materials by 40.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 346,635 shares of the basic materials company’s stock worth $2,503,000 after purchasing an additional 99,482 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Rayonier Advanced Materials by 2.4% during the second quarter. Acadian Asset Management LLC now owns 1,557,852 shares of the basic materials company’s stock valued at $5,996,000 after buying an additional 36,298 shares during the period. Wellspring Financial Advisors LLC lifted its holdings in Rayonier Advanced Materials by 13.3% in the second quarter. Wellspring Financial Advisors LLC now owns 139,950 shares of the basic materials company’s stock worth $539,000 after buying an additional 16,429 shares during the period. Finally, Inspire Investing LLC grew its holdings in shares of Rayonier Advanced Materials by 67.6% during the 2nd quarter. Inspire Investing LLC now owns 100,690 shares of the basic materials company’s stock worth $388,000 after acquiring an additional 40,610 shares during the period. 68.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on RYAM shares. Zacks Research upgraded shares of Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Rayonier Advanced Materials in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $6.00.

Rayonier Advanced Materials Stock Performance

RYAM stock opened at $7.93 on Friday. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.57 and a quick ratio of 0.89. Rayonier Advanced Materials Inc. has a 1 year low of $3.35 and a 1 year high of $8.95. The company has a market cap of $531.05 million, a P/E ratio of -1.27 and a beta of 2.22. The stock’s fifty day moving average price is $6.97 and its 200-day moving average price is $6.34.

Rayonier Advanced Materials (NYSE:RYAM) last posted its earnings results on Tuesday, November 4th. The basic materials company reported ($0.07) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.07). The company had revenue of $352.84 million for the quarter, compared to the consensus estimate of $373.70 million. Rayonier Advanced Materials had a negative return on equity of 13.64% and a negative net margin of 28.21%. On average, equities analysts forecast that Rayonier Advanced Materials Inc. will post -0.08 earnings per share for the current year.

Rayonier Advanced Materials Profile

Rayonier Advanced Materials, Inc is a publicly traded specialty bioproducts company focused on the production of high-purity cellulose and engineered wood products. Headquartered in Jacksonville, Florida, the company operates a network of manufacturing facilities across North America, New Zealand and Europe. Its cellulose specialties business produces dissolving pulps and high-purity fibers that serve a range of end markets, including food and beverage, personal care, pharmaceuticals and textiles.