Rayonier Advanced Materials (NYSE:RYAM) Hits New 52-Week High – What’s Next?

Rayonier Advanced Materials Inc. (NYSE:RYAM)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $10.05 and last traded at $9.9320, with a volume of 2272189 shares. The stock had previously closed at $7.17.

Analyst Ratings Changes

Several research firms have recently issued reports on RYAM. Wall Street Zen upgraded shares of Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Research upgraded shares of Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Rayonier Advanced Materials in a research report on Thursday, January 22nd. One equities 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $6.00.

Rayonier Advanced Materials Stock Up 38.6%

The company’s fifty day simple moving average is $7.41 and its 200-day simple moving average is $6.72. The firm has a market capitalization of $665.74 million, a PE ratio of -1.59 and a beta of 2.22. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.57 and a quick ratio of 0.89.

Institutional Investors Weigh In On Rayonier Advanced Materials

A number of large investors have recently modified their holdings of RYAM. Tactive Advisors LLC grew its stake in shares of Rayonier Advanced Materials by 18.0% in the fourth quarter. Tactive Advisors LLC now owns 13,325 shares of the basic materials company’s stock worth $78,000 after acquiring an additional 2,032 shares in the last quarter. Deutsche Bank AG lifted its stake in Rayonier Advanced Materials by 1.5% during the fourth quarter. Deutsche Bank AG now owns 151,944 shares of the basic materials company’s stock worth $895,000 after purchasing an additional 2,292 shares during the last quarter. Covestor Ltd raised its holdings in Rayonier Advanced Materials by 46.7% during the third quarter. Covestor Ltd now owns 11,421 shares of the basic materials company’s stock worth $82,000 after purchasing an additional 3,636 shares in the last quarter. Barclays PLC boosted its holdings in shares of Rayonier Advanced Materials by 4.5% in the 4th quarter. Barclays PLC now owns 100,484 shares of the basic materials company’s stock valued at $592,000 after buying an additional 4,348 shares in the last quarter. Finally, Intech Investment Management LLC grew its position in shares of Rayonier Advanced Materials by 19.1% in the 4th quarter. Intech Investment Management LLC now owns 27,725 shares of the basic materials company’s stock valued at $163,000 after buying an additional 4,438 shares during the last quarter. Hedge funds and other institutional investors own 68.64% of the company’s stock.

Rayonier Advanced Materials Company Profile

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.