Waverly Advisors LLC Buys New Holdings in Rayonier Advanced Materials Inc. $RYAM

Waverly Advisors LLC purchased a new position in Rayonier Advanced Materials Inc. (NYSE:RYAM) in the first quarter, Holdings Channel reports. The fund purchased 117,258 shares of the basic materials company’s stock, valued at approximately $1,298,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Osaic Holdings Inc. increased its position in shares of Rayonier Advanced Materials by 754.4% in the 2nd quarter. Osaic Holdings Inc. now owns 7,963 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 7,031 shares during the last quarter. Graham Capital Management L.P. purchased a new stake in shares of Rayonier Advanced Materials during the 4th quarter worth $76,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Rayonier Advanced Materials during the 4th quarter worth $86,000. Ancora Advisors LLC purchased a new stake in shares of Rayonier Advanced Materials during the 3rd quarter worth $138,000. Finally, Balyasny Asset Management L.P. acquired a new position in shares of Rayonier Advanced Materials during the fourth quarter worth $117,000. Institutional investors and hedge funds own 68.64% of the company’s stock.

Analyst Upgrades and Downgrades

RYAM has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Rayonier Advanced Materials in a report on Friday, July 17th. Wall Street Zen raised Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a report on Monday, July 20th. Royal Bank Of Canada lowered their price objective on Rayonier Advanced Materials from $14.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday, July 17th. Finally, Zacks Research cut Rayonier Advanced Materials from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th. One research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Rayonier Advanced Materials has a consensus rating of “Reduce” and a consensus price target of $13.00.

Rayonier Advanced Materials Price Performance

RYAM stock opened at $8.96 on Friday. The stock has a market cap of $604.26 million, a P/E ratio of -1.27 and a beta of 1.78. The company has a current ratio of 1.37, a quick ratio of 0.79 and a debt-to-equity ratio of 3.21. Rayonier Advanced Materials Inc. has a twelve month low of $3.35 and a twelve month high of $11.85. The company’s 50 day moving average is $8.25 and its two-hundred day moving average is $8.96.

Rayonier Advanced Materials (NYSE:RYAM) last issued its earnings results on Tuesday, May 5th. The basic materials company reported ($1.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.62) by ($0.60). Rayonier Advanced Materials had a negative net margin of 32.86% and a negative return on equity of 43.24%. The company had revenue of $319.06 million during the quarter, compared to analyst estimates of $302.63 million. Research analysts expect that Rayonier Advanced Materials Inc. will post -1.16 earnings per share for the current fiscal year.

Rayonier Advanced Materials Company 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.