Rayonier Advanced Materials Inc. $RYAM Shares Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. boosted its holdings in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) by 276.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,416,981 shares of the basic materials company’s stock after buying an additional 1,040,912 shares during the period. Jefferies Financial Group Inc. owned approximately 2.09% of Rayonier Advanced Materials worth $11,293,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RYAM. BlackRock Inc. bought a new position in Rayonier Advanced Materials in the 2nd quarter worth about $37,437,000. Aip LLC bought a new stake in shares of Rayonier Advanced Materials during the 2nd quarter valued at about $26,724,000. Irenic Capital Management LP bought a new stake in shares of Rayonier Advanced Materials during the 1st quarter valued at about $15,013,000. Nantahala Capital Management LLC bought a new stake in shares of Rayonier Advanced Materials during the 2nd quarter valued at about $13,344,126. Finally, Empowered Funds LLC bought a new stake in shares of Rayonier Advanced Materials during the 2nd quarter valued at about $3,138,000. 68.64% of the stock is currently owned by hedge funds and other institutional investors.

Rayonier Advanced Materials Stock Down 1.0%

Shares of NYSE:RYAM opened at $5.55 on Thursday. The company has a current ratio of 1.28, a quick ratio of 0.83 and a debt-to-equity ratio of 3.83. Rayonier Advanced Materials Inc. has a 52-week low of $5.22 and a 52-week high of $11.85. The firm has a fifty day moving average of $7.43 and a 200 day moving average of $8.58.

Rayonier Advanced Materials (NYSE:RYAM) last released its quarterly earnings results on Tuesday, November 3rd. The basic materials company reported ($0.13) earnings per share for the quarter. Rayonier Advanced Materials had a negative net margin of 24.45% and a negative return on equity of 72.84%. The firm had revenue of $382.79 million for the quarter, compared to analysts’ expectations of $389.37 million. Sell-side analysts forecast that Rayonier Advanced Materials Inc. will post -5.00 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RYAM has been the topic of several research analyst reports. Royal Bank Of Canada decreased their price objective on shares of Rayonier Advanced Materials from $14.00 to $13.00 and set an “outperform” rating on the stock 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. Wall Street Zen upgraded shares of Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a research report on Monday, July 20th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Rayonier Advanced Materials in a research report on Thursday, October 15th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Rayonier Advanced Materials currently has an average rating of “Hold” and an average price target of $13.00.

Rayonier Advanced Materials Company Profile

Rayonier Advanced Materials Inc. is a global forest products company that develops and manufactures cellulose-based materials. Its products include high-purity cellulose, specialty pulps, fluff pulp and paperboard, serving customers in industries such as food, pharmaceuticals, personal care and packaging. The company’s high-purity cellulose is used in applications including filtration, textiles and other specialty products. Rayonier Advanced Materials also produces commodity pulp and liquid packaging board for a range of consumer and industrial uses.