Stratos Wealth Partners LTD. Invests $54,000 in Rayonier Advanced Materials Inc. (NYSE:RYAM)

Stratos Wealth Partners LTD. acquired a new position in Rayonier Advanced Materials Inc. (NYSE:RYAM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,452 shares of the basic materials company’s stock, valued at approximately $54,000.

A number of other large investors have also added to or reduced their stakes in RYAM. AQR Capital Management LLC grew its holdings in Rayonier Advanced Materials by 148.3% during the 3rd quarter. AQR Capital Management LLC now owns 1,985,218 shares of the basic materials company’s stock valued at $7,028,000 after purchasing an additional 1,185,632 shares in the last quarter. Millennium Management LLC grew its holdings in Rayonier Advanced Materials by 1,163.0% during the 4th quarter. Millennium Management LLC now owns 1,182,393 shares of the basic materials company’s stock valued at $11,351,000 after purchasing an additional 1,088,777 shares in the last quarter. Invesco Ltd. grew its holdings in Rayonier Advanced Materials by 27.7% during the 1st quarter. Invesco Ltd. now owns 3,304,887 shares of the basic materials company’s stock valued at $21,713,000 after purchasing an additional 717,466 shares in the last quarter. Marshall Wace LLP acquired a new stake in Rayonier Advanced Materials during the 2nd quarter valued at $1,861,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Rayonier Advanced Materials by 147.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 575,495 shares of the basic materials company’s stock valued at $3,781,000 after purchasing an additional 342,790 shares in the last quarter. 68.64% of the stock is owned by institutional investors and hedge funds.

Rayonier Advanced Materials Price Performance

Shares of RYAM stock opened at $4.23 on Thursday. The firm has a market cap of $277.23 million, a P/E ratio of -2.69 and a beta of 3.03. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.53 and a quick ratio of 0.98. Rayonier Advanced Materials Inc. has a 1-year low of $2.66 and a 1-year high of $5.76. The firm has a fifty day moving average of $4.34 and a two-hundred day moving average of $3.85.

Rayonier Advanced Materials (NYSE:RYAM) last announced its quarterly earnings data on Tuesday, February 27th. The basic materials company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.16). The company had revenue of $422.00 million for the quarter, compared to analyst estimates of $442.40 million. Rayonier Advanced Materials had a negative return on equity of 6.80% and a negative net margin of 6.15%. As a group, research analysts anticipate that Rayonier Advanced Materials Inc. will post -0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Rayonier Advanced Materials from a “hold” rating to a “sell” rating in a report on Thursday, March 7th.

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.