Rayonier Advanced Materials Inc. (NYSE:RYAM) Stake Increased by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) by 33.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,842 shares of the basic materials company’s stock after purchasing an additional 18,077 shares during the period. SG Americas Securities LLC’s holdings in Rayonier Advanced Materials were worth $546,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new stake in Rayonier Advanced Materials during the second quarter valued at $60,000. Trexquant Investment LP bought a new stake in Rayonier Advanced Materials during the second quarter valued at $85,000. Ergoteles LLC bought a new stake in Rayonier Advanced Materials during the second quarter valued at $105,000. Metropolitan Life Insurance Co NY increased its stake in Rayonier Advanced Materials by 151,900.0% during the second quarter. Metropolitan Life Insurance Co NY now owns 16,720 shares of the basic materials company’s stock valued at $112,000 after purchasing an additional 16,709 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in Rayonier Advanced Materials by 76.5% during the second quarter. Royal Bank of Canada now owns 17,037 shares of the basic materials company’s stock valued at $113,000 after purchasing an additional 7,385 shares during the last quarter. Hedge funds and other institutional investors own 70.02% of the company’s stock.

Shares of NYSE:RYAM opened at $6.60 on Friday. The stock has a market capitalization of $420.66 million, a price-to-earnings ratio of 4.31 and a beta of 3.52. Rayonier Advanced Materials Inc. has a 1-year low of $4.98 and a 1-year high of $11.30. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.92 and a current ratio of 2.58. The company has a 50 day moving average price of $5.91 and a 200 day moving average price of $6.61.

Rayonier Advanced Materials (NYSE:RYAM) last issued its earnings results on Tuesday, November 2nd. The basic materials company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.09). The business had revenue of $374.00 million for the quarter. Rayonier Advanced Materials had a negative return on equity of 4.65% and a net margin of 5.86%. During the same period last year, the firm earned $0.45 EPS.

Several research firms have recently commented on RYAM. TheStreet lowered shares of Rayonier Advanced Materials from a “c” rating to a “d+” rating in a research report on Thursday, November 4th. Zacks Investment Research raised shares of Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a report on Saturday, December 18th. Finally, Bank of America cut shares of Rayonier Advanced Materials from a “buy” rating to an “underperform” rating and lowered their price objective for the stock from $9.50 to $6.50 in a research note on Wednesday, December 15th.

About Rayonier Advanced Materials

Rayonier Advanced Materials, Inc engages in the production and sale of cellulose products, which is a natural polymer commonly used in the production of cell phone and computer screens, filters, and pharmaceuticals. It operates through the following segments: High Purity Cellulose, Forest Products, Paperboard, Pulp and Newsprint, and Corporate.

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Institutional Ownership by Quarter for Rayonier Advanced Materials (NYSE:RYAM)

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