Rayonier Advanced Materials Inc. (NYSE:RYAM) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC raised its holdings in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) by 64.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,396 shares of the basic materials company’s stock after purchasing an additional 5,633 shares during the period. Tower Research Capital LLC TRC’s holdings in Rayonier Advanced Materials were worth $58,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of RYAM. Federated Hermes Inc. acquired a new stake in shares of Rayonier Advanced Materials during the 4th quarter worth approximately $1,845,000. AQR Capital Management LLC boosted its position in shares of Rayonier Advanced Materials by 148.3% during the third quarter. AQR Capital Management LLC now owns 1,985,218 shares of the basic materials company’s stock worth $7,028,000 after buying an additional 1,185,632 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in Rayonier Advanced Materials by 22.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,108,445 shares of the basic materials company’s stock worth $3,924,000 after acquiring an additional 206,400 shares during the period. Bleakley Financial Group LLC acquired a new stake in Rayonier Advanced Materials in the fourth quarter worth about $47,000. Finally, Diversified Trust Co bought a new position in Rayonier Advanced Materials in the 4th quarter valued at about $72,000. 68.64% of the stock is currently owned by institutional investors.

Rayonier Advanced Materials Stock Up 6.2 %

NYSE:RYAM traded up $0.24 during trading hours on Monday, hitting $4.13. 845,935 shares of the stock traded hands, compared to its average volume of 509,655. The firm has a market cap of $270.68 million, a price-to-earnings ratio of -2.63 and a beta of 3.03. Rayonier Advanced Materials Inc. has a fifty-two week low of $2.66 and a fifty-two week high of $5.76. The company has a current ratio of 1.53, a quick ratio of 0.98 and a debt-to-equity ratio of 1.01. The firm has a 50 day moving average price of $4.26 and a 200 day moving average price of $3.90.

Rayonier Advanced Materials (NYSE:RYAM) last issued its earnings results on Tuesday, February 27th. The basic materials company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $422.00 million during the quarter, compared to analyst estimates of $442.40 million. Equities research analysts anticipate that Rayonier Advanced Materials Inc. will post -0.34 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a report 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.