66,245 Shares in Rayonier Advanced Materials Inc. $RYAM Bought by Next Capital Management LLC

Next Capital Management LLC purchased a new stake in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 66,245 shares of the basic materials company’s stock, valued at approximately $478,000.

Several other institutional investors have also recently made changes to their positions in the stock. Osaic Holdings Inc. grew its stake in shares of Rayonier Advanced Materials by 754.4% during the 2nd quarter. Osaic Holdings Inc. now owns 7,963 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 7,031 shares during the period. Quadrature Capital Ltd purchased a new position in Rayonier Advanced Materials during the second quarter valued at approximately $52,000. Tactive Advisors LLC bought a new position in shares of Rayonier Advanced Materials in the third quarter worth approximately $82,000. Covestor Ltd increased its stake in shares of Rayonier Advanced Materials by 46.7% in 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. Finally, Inscription Capital LLC bought a new stake in shares of Rayonier Advanced Materials during the 3rd quarter valued at $121,000. Institutional investors own 68.64% of the company’s stock.

Rayonier Advanced Materials Stock Down 1.3%

Shares of RYAM stock opened at $7.93 on Friday. The company’s fifty day simple moving average is $6.97 and its two-hundred day simple moving average is $6.34. Rayonier Advanced Materials Inc. has a 52 week low of $3.35 and a 52 week high of $8.95. The stock has a market cap of $531.05 million, a P/E ratio of -1.27 and a beta of 2.22. The company has a quick ratio of 0.89, a current ratio of 1.57 and a debt-to-equity ratio of 2.26.

Rayonier Advanced Materials (NYSE:RYAM) last issued its earnings results on Tuesday, November 4th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.07). The firm had revenue of $352.84 million for the quarter, compared to analysts’ expectations of $373.70 million. Rayonier Advanced Materials had a negative return on equity of 13.64% and a negative net margin of 28.21%. Analysts predict that Rayonier Advanced Materials Inc. will post -0.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on RYAM. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rayonier Advanced Materials in a report on Thursday, January 22nd. Zacks Research raised Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Rayonier Advanced Materials currently has a consensus rating of “Hold” and an average target price of $6.00.

About Rayonier Advanced Materials

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.