Rayonier Advanced Materials Inc. (NYSE:RYAM) Position Increased by Barclays PLC

Barclays PLC raised its position in Rayonier Advanced Materials Inc. (NYSE:RYAM) by 273.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,893 shares of the basic materials company’s stock after purchasing an additional 61,437 shares during the quarter. Barclays PLC’s holdings in Rayonier Advanced Materials were worth $718,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Quarry LP bought a new stake in shares of Rayonier Advanced Materials in the 2nd quarter valued at approximately $29,000. nVerses Capital LLC lifted its stake 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 valued at $61,000 after acquiring an additional 3,900 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in Rayonier Advanced Materials in the second quarter worth approximately $61,000. Truist Financial Corp bought a new stake in Rayonier Advanced Materials in the second quarter worth approximately $66,000. Finally, Intech Investment Management LLC acquired a new position in shares of Rayonier Advanced Materials during the 3rd quarter worth $139,000. 68.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Rayonier Advanced Materials news, Director Eric Bowen purchased 12,500 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was bought at an average cost of $8.04 per share, for a total transaction of $100,500.00. Following the completion of the acquisition, the director now directly owns 12,500 shares in the company, valued at $100,500. This represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.14% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. StockNews.com lowered shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research note on Friday, December 20th. Royal Bank of Canada boosted their price target on Rayonier Advanced Materials from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th.

Rayonier Advanced Materials Stock Up 2.1 %

Shares of Rayonier Advanced Materials stock opened at $8.25 on Wednesday. Rayonier Advanced Materials Inc. has a 12-month low of $3.15 and a 12-month high of $10.28. 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 50 day moving average price of $8.42 and a two-hundred day moving average price of $7.52. The stock has a market capitalization of $543.81 million, a P/E ratio of -6.45 and a beta of 3.01.

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

Rayonier Advanced Materials 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.