Nantahala Capital Management LLC Takes Position in Rayonier Advanced Materials Inc. $RYAM

Nantahala Capital Management LLC purchased a new stake in Rayonier Advanced Materials Inc. (NYSE:RYAM) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,697,726 shares of the basic materials company’s stock, valued at approximately $13,344,126.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Osaic Holdings Inc. raised its position in 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 period. BOK Financial Private Wealth Inc. purchased a new position in Rayonier Advanced Materials during the second quarter valued at $37,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Rayonier Advanced Materials in the second quarter valued at about $41,000. Legal & General Group Plc acquired a new stake in shares of Rayonier Advanced Materials in the second quarter valued at about $48,000. Finally, Graham Capital Management L.P. purchased a new stake in shares of Rayonier Advanced Materials during the fourth quarter worth about $76,000. Hedge funds and other institutional investors own 68.64% of the company’s stock.

Analyst Ratings Changes

RYAM has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a research 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 on the stock in a report on Friday, July 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rayonier Advanced Materials in a research note on Friday, July 17th. Finally, Zacks Research raised Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $13.00.

Rayonier Advanced Materials Price Performance

Rayonier Advanced Materials stock opened at $8.64 on Friday. Rayonier Advanced Materials Inc. has a 52-week low of $5.38 and a 52-week high of $11.85. The firm has a market capitalization of $584.41 million, a price-to-earnings ratio of -4.11 and a beta of 1.77. The company has a fifty day simple moving average of $8.24 and a 200-day simple moving average of $9.02. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 3.83.

Rayonier Advanced Materials (NYSE:RYAM) last posted its quarterly 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). The business had revenue of $376.14 million during the quarter, compared to analysts’ expectations of $362.00 million. Rayonier Advanced Materials had a negative return on equity of 46.19% and a negative net margin of 9.53%. On average, equities analysts anticipate that Rayonier Advanced Materials Inc. will post -1.28 EPS for the current fiscal year.

About Rayonier Advanced Materials

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.