GSA Capital Partners LLP Invests $521,000 in Rayonier Advanced Materials Inc. $RYAM

GSA Capital Partners LLP bought a new position in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) in the second quarter, HoldingsChannel reports. The institutional investor bought 66,259 shares of the basic materials company’s stock, valued at approximately $521,000.

A number of other institutional investors and hedge funds have also bought and sold shares of RYAM. Osaic Holdings Inc. raised its holdings in 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 acquiring an additional 7,031 shares during the period. Graham Capital Management L.P. acquired a new position in shares of Rayonier Advanced Materials in the fourth quarter valued at approximately $76,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Rayonier Advanced Materials during the fourth quarter worth approximately $86,000. Balyasny Asset Management L.P. acquired a new stake in Rayonier Advanced Materials during the 4th quarter worth approximately $117,000. Finally, Police & Firemen s Retirement System of New Jersey lifted its holdings in Rayonier Advanced Materials by 39.5% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 20,198 shares of the basic materials company’s stock worth $119,000 after purchasing an additional 5,721 shares during the last quarter. Institutional investors and hedge funds own 68.64% of the company’s stock.

Rayonier Advanced Materials Stock Performance

Shares of NYSE:RYAM opened at $8.67 on Friday. Rayonier Advanced Materials Inc. has a 1 year low of $5.10 and a 1 year high of $11.85. The stock has a market capitalization of $586.44 million, a price-to-earnings ratio of -4.13 and a beta of 1.77. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.37 and a quick ratio of 0.85. The company’s 50 day simple moving average is $8.29 and its 200 day simple moving average is $9.01.

Rayonier Advanced Materials (NYSE:RYAM) last released its earnings results on Tuesday, August 4th. The basic materials company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.08). Rayonier Advanced Materials had a negative return on equity of 46.19% and a negative net margin of 9.53%.The business had revenue of $376.14 million for the quarter, compared to the consensus estimate of $362.00 million. As a group, research analysts predict that Rayonier Advanced Materials Inc. will post -1.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RYAM. Royal Bank Of Canada lowered their price objective on Rayonier Advanced Materials from $14.00 to $13.00 and set an “outperform” rating on the stock in a research report on Friday, July 17th. Zacks Research upgraded shares of Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rayonier Advanced Materials in a research note on Friday, July 17th. Finally, Wall Street Zen raised Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a research report on Monday, July 20th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $13.00.

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.