Rayonier Advanced Materials Sees Unusually Large Options Volume (NYSE:RYAM)

Rayonier Advanced Materials Inc. (NYSE:RYAM) was the recipient of unusually large options trading on Wednesday. Stock traders bought 4,437 call options on the stock. This is an increase of 673% compared to the average daily volume of 574 call options.

Institutional Trading of Rayonier Advanced Materials

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. raised its stake in shares of Rayonier Advanced Materials by 471.8% during the 1st quarter. Russell Investments Group Ltd. now owns 1,997,437 shares of the basic materials company’s stock worth $9,548,000 after buying an additional 1,648,101 shares in the last quarter. Federated Hermes Inc. purchased a new position in shares of Rayonier Advanced Materials during the 4th quarter worth approximately $1,845,000. CastleKnight Management LP raised its stake in shares of Rayonier Advanced Materials by 1,036.0% during the 4th quarter. CastleKnight Management LP now owns 1,963,057 shares of the basic materials company’s stock worth $7,950,000 after buying an additional 1,790,257 shares in the last quarter. Boston Partners raised its stake in shares of Rayonier Advanced Materials by 1,923.5% during the 1st quarter. Boston Partners now owns 2,161,539 shares of the basic materials company’s stock worth $10,307,000 after buying an additional 2,054,715 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Rayonier Advanced Materials by 64.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 14,396 shares of the basic materials company’s stock worth $58,000 after buying an additional 5,633 shares in the last quarter. 68.64% of the stock is owned by hedge funds and other institutional investors.

Rayonier Advanced Materials Stock Performance

Shares of NYSE RYAM traded up $1.47 during trading hours on Wednesday, reaching $7.08. The stock had a trading volume of 796,313 shares, compared to its average volume of 519,103. The firm has a market cap of $464.28 million, a price-to-earnings ratio of -4.56 and a beta of 3.03. The company has a current ratio of 1.64, a quick ratio of 0.95 and a debt-to-equity ratio of 1.02. Rayonier Advanced Materials has a fifty-two week low of $2.66 and a fifty-two week high of $7.88. The firm has a 50-day moving average of $5.71 and a 200-day moving average of $4.85.

Rayonier Advanced Materials (NYSE:RYAM) last posted its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.19 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.26. The firm had revenue of $419.00 million during the quarter, compared to the consensus estimate of $407.10 million. Rayonier Advanced Materials had a negative return on equity of 7.77% and a negative net margin of 6.71%. During the same period in the prior year, the business earned ($0.25) EPS. Equities research analysts predict that Rayonier Advanced Materials will post -0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd.

Rayonier Advanced Materials Company Profile

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.