LSV Asset Management Boosts Stock Holdings in Rayonier Advanced Materials Inc. $RYAM

LSV Asset Management boosted its position in Rayonier Advanced Materials Inc. (NYSE:RYAM) by 49.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 182,100 shares of the basic materials company’s stock after buying an additional 60,300 shares during the quarter. LSV Asset Management owned approximately 0.27% of Rayonier Advanced Materials worth $701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Royce & Associates LP bought a new position in shares of Rayonier Advanced Materials during the 1st quarter worth $103,000. Quantbot Technologies LP lifted its holdings in Rayonier Advanced Materials by 52.6% during the first quarter. Quantbot Technologies LP now owns 37,673 shares of the basic materials company’s stock valued at $217,000 after purchasing an additional 12,980 shares during the last quarter. Victory Capital Management Inc. boosted its position in Rayonier Advanced Materials by 38.4% during the first quarter. Victory Capital Management Inc. now owns 39,978 shares of the basic materials company’s stock worth $230,000 after purchasing an additional 11,095 shares during the period. Caxton Associates LLP bought a new position in Rayonier Advanced Materials during the first quarter worth about $248,000. Finally, Martingale Asset Management L P increased its stake in shares of Rayonier Advanced Materials by 12.8% in the first quarter. Martingale Asset Management L P now owns 56,629 shares of the basic materials company’s stock worth $326,000 after purchasing an additional 6,428 shares in the last quarter. 68.64% of the stock is currently owned by institutional investors.

Rayonier Advanced Materials Price Performance

RYAM stock opened at $6.02 on Friday. The firm has a 50 day moving average of $6.82 and a 200-day moving average of $5.24. The firm has a market capitalization of $403.07 million, a P/E ratio of -0.96 and a beta of 2.67. Rayonier Advanced Materials Inc. has a 12 month low of $3.35 and a 12 month high of $9.16. The company has a current ratio of 1.57, a quick ratio of 0.89 and a debt-to-equity ratio of 2.26.

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

Wall Street Analysts Forecast Growth

RYAM has been the topic of a number of recent research reports. Zacks Research upgraded shares of Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Rayonier Advanced Materials in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Rayonier Advanced Materials has a consensus rating of “Hold” and a consensus price target of $6.00.

About Rayonier Advanced Materials

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.