Rayonier Advanced Materials (NYSE:RYAM) Rating Increased to Hold at StockNews.com

Rayonier Advanced Materials (NYSE:RYAM) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Monday.

Rayonier Advanced Materials Price Performance

NYSE:RYAM opened at $4.06 on Monday. Rayonier Advanced Materials has a one year low of $2.66 and a one year high of $5.76. The company has a market cap of $266.09 million, a P/E ratio of -2.59 and a beta of 3.03. The firm’s fifty day moving average price is $4.31 and its two-hundred day moving average price is $3.88. 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 (NYSE:RYAM) last released its quarterly earnings data on Tuesday, February 27th. The basic materials company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.16). Rayonier Advanced Materials had a negative net margin of 6.15% and a negative return on equity of 6.80%. The company had revenue of $422.00 million during the quarter, compared to analyst estimates of $442.40 million. Equities analysts expect that Rayonier Advanced Materials will post -0.34 earnings per share for the current year.

Hedge Funds Weigh In On Rayonier Advanced Materials

Institutional investors and hedge funds have recently modified their holdings of the stock. Bleakley Financial Group LLC acquired a new position in shares of Rayonier Advanced Materials in the fourth quarter valued at $47,000. Simplicity Solutions LLC bought a new stake in shares of Rayonier Advanced Materials in the fourth quarter valued at about $47,000. Sherbrooke Park Advisers LLC bought a new stake in shares of Rayonier Advanced Materials in the third quarter valued at about $46,000. Stratos Wealth Partners LTD. bought a new stake in shares of Rayonier Advanced Materials in the fourth quarter valued at about $54,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Rayonier Advanced Materials by 64.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 14,396 shares of the basic materials company’s stock valued at $58,000 after acquiring an additional 5,633 shares during the period. 68.64% of the stock is currently 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.