Rayonier Advanced Materials Inc. (NYSE:RYAM - Get Free Report) Director Lisa Palumbo sold 1,931 shares of the business's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $9.13, for a total value of $17,630.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Rayonier Advanced Materials Stock Down 0.7%
NYSE:RYAM opened at $8.71 on Wednesday. Rayonier Advanced Materials Inc. has a 52 week low of $4.39 and a 52 week high of $11.85. The stock's fifty day moving average is $8.26 and its two-hundred day moving average is $9.00. The stock has a market capitalization of $589.21 million, a price-to-earnings ratio of -4.15 and a beta of 1.77. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 3.83.
Rayonier Advanced Materials (NYSE:RYAM - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The basic materials company reported ($0.30) earnings per share for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.08). The firm had revenue of $376.14 million during the quarter, compared to analyst estimates of $362.00 million. Rayonier Advanced Materials had a negative net margin of 9.53% and a negative return on equity of 46.19%. Research analysts anticipate that Rayonier Advanced Materials Inc. will post -1.28 EPS for the current year.
Institutional Investors Weigh In On Rayonier Advanced Materials
A number of hedge funds have recently bought and sold shares of RYAM. JB Capital Partners LP acquired a new position in shares of Rayonier Advanced Materials during the second quarter worth about $786,000,000. Aip LLC acquired a new stake in Rayonier Advanced Materials in the second quarter valued at approximately $26,724,000,000. BOK Financial Private Wealth Inc. purchased a new position in Rayonier Advanced Materials in the second quarter worth approximately $37,000. BlackRock Inc. purchased a new position in Rayonier Advanced Materials in the second quarter worth approximately $37,437,000. Finally, Deutsche Bank AG acquired a new position in Rayonier Advanced Materials during the 2nd quarter worth approximately $1,285,000. Institutional investors and hedge funds own 68.64% of the company's stock.
Wall Street Analyst Weigh In
RYAM has been the subject of several research reports. Wall Street Zen raised Rayonier Advanced Materials from a "sell" rating to a "hold" rating in a research report on Monday, July 20th. Weiss Ratings reissued a "sell (d-)" rating on shares of Rayonier Advanced Materials in a research report on Friday, July 17th. Zacks Research raised shares of Rayonier Advanced Materials from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 5th. Finally, Royal Bank Of Canada dropped their price objective on shares of Rayonier Advanced Materials from $14.00 to $13.00 and set an "outperform" rating for the company in a report on Friday, July 17th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $13.00.
View Our Latest Stock Analysis on Rayonier Advanced Materials
About Rayonier Advanced Materials
(
Get Free Report)
Rayonier Advanced Materials, Inc is a publicly traded specialty bioproducts company focused on the production of high-purity cellulose and engineered wood products. Headquartered in Jacksonville, Florida, the company operates a network of manufacturing facilities across North America, New Zealand and Europe. Its cellulose specialties business produces dissolving pulps and high-purity fibers that serve a range of end markets, including food and beverage, personal care, pharmaceuticals and textiles.
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