Eric Bowen Buys 12,500 Shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) Stock

Rayonier Advanced Materials Inc. (NYSE:RYAM) Director Eric Bowen bought 12,500 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of $8.04 per share, for a total transaction of $100,500.00. Following the purchase, the director now owns 12,500 shares in the company, valued at approximately $100,500. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Rayonier Advanced Materials Trading Down 3.7 %

RYAM opened at $7.66 on Wednesday. The firm’s 50 day moving average is $8.52 and its 200-day moving average is $7.38. Rayonier Advanced Materials Inc. has a 52-week low of $3.15 and a 52-week high of $10.28. The company has a quick ratio of 1.09, a current ratio of 1.73 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $504.59 million, a P/E ratio of -5.98 and a beta of 3.01.

Rayonier Advanced Materials (NYSE:RYAM) last released its quarterly earnings results on Tuesday, November 5th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.06. Rayonier Advanced Materials had a negative net margin of 5.21% and a negative return on equity of 1.61%. The firm had revenue of $401.00 million for the quarter, compared to the consensus estimate of $412.20 million. During the same quarter in the previous year, the firm posted ($0.41) EPS. Analysts expect that Rayonier Advanced Materials Inc. will post -0.08 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. StockNews.com downgraded Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Royal Bank of Canada increased their target price on Rayonier Advanced Materials from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th.

Institutional Trading of Rayonier Advanced Materials

A number of hedge funds and other institutional investors have recently modified their holdings of RYAM. Assenagon Asset Management S.A. purchased a new position in Rayonier Advanced Materials in the second quarter valued at about $541,000. Bank of New York Mellon Corp boosted its stake in shares of Rayonier Advanced Materials by 8.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 333,677 shares of the basic materials company’s stock valued at $1,815,000 after buying an additional 24,627 shares during the last quarter. Bailard Inc. acquired a new stake in shares of Rayonier Advanced Materials during the second quarter worth approximately $254,000. Allspring Global Investments Holdings LLC increased its stake in shares of Rayonier Advanced Materials by 4,134.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 27,566 shares of the basic materials company’s stock worth $150,000 after buying an additional 26,915 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Rayonier Advanced Materials by 14.3% in the second quarter. Rhumbline Advisers now owns 149,490 shares of the basic materials company’s stock worth $813,000 after buying an additional 18,754 shares during the last quarter. 68.64% of the stock is owned by hedge funds and other institutional investors.

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.