Weiss Ratings Reiterates “Sell (D-)” Rating for Rayonier Advanced Materials (NYSE:RYAM)

Rayonier Advanced Materials (NYSE:RYAM)‘s stock had its “sell (d-)” rating restated by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Zacks Research upgraded Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $6.00.

Rayonier Advanced Materials Stock Down 1.6%

RYAM opened at $7.32 on Wednesday. Rayonier Advanced Materials has a 1-year low of $3.35 and a 1-year high of $10.28. The stock’s fifty day simple moving average is $5.92 and its 200 day simple moving average is $4.85. The company has a current ratio of 1.45, a quick ratio of 0.83 and a debt-to-equity ratio of 2.10. The stock has a market cap of $490.44 million, a PE ratio of -1.10 and a beta of 2.64.

Rayonier Advanced Materials (NYSE:RYAM) last posted its quarterly earnings data on Tuesday, August 5th. The basic materials company reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.23). The firm had revenue of $340.00 million for the quarter, compared to the consensus estimate of $387.07 million. Rayonier Advanced Materials had a negative return on equity of 12.11% and a negative net margin of 29.23%. As a group, research analysts expect that Rayonier Advanced Materials will post -0.08 earnings per share for the current year.

Insiders Place Their Bets

In other Rayonier Advanced Materials news, CEO Delyle W. Bloomquist acquired 53,533 shares of Rayonier Advanced Materials stock in a transaction that occurred on Tuesday, August 12th. The shares were acquired at an average cost of $4.71 per share, with a total value of $252,140.43. Following the completion of the purchase, the chief executive officer directly owned 539,557 shares of the company’s stock, valued at $2,541,313.47. This represents a 11.01% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.41% of the stock is owned by company insiders.

Institutional Trading of Rayonier Advanced Materials

Several large investors have recently bought and sold shares of RYAM. SummerHaven Investment Management LLC boosted its stake in shares of Rayonier Advanced Materials by 2.4% during the second quarter. SummerHaven Investment Management LLC now owns 144,165 shares of the basic materials company’s stock valued at $555,000 after purchasing an additional 3,382 shares in the last quarter. New York State Teachers Retirement System bought a new position in shares of Rayonier Advanced Materials during the first quarter worth about $34,000. Martingale Asset Management L P raised its position in shares of Rayonier Advanced Materials by 12.8% during the first quarter. Martingale Asset Management L P now owns 56,629 shares of the basic materials company’s stock worth $326,000 after acquiring an additional 6,428 shares during the last quarter. Osaic Holdings Inc. raised its position in shares of Rayonier Advanced Materials by 754.4% during the second quarter. Osaic Holdings Inc. now owns 7,963 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 7,031 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its position in shares of Rayonier Advanced Materials by 2.8% during the first quarter. Cubist Systematic Strategies LLC now owns 292,569 shares of the basic materials company’s stock worth $1,682,000 after acquiring an additional 7,884 shares during the last quarter. 68.64% of the stock is owned by institutional investors and hedge funds.

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.