GSA Capital Partners LLP Buys 155,902 Shares of Rayonier Advanced Materials Inc. $RYAM

GSA Capital Partners LLP lifted its stake in Rayonier Advanced Materials Inc. (NYSE:RYAM) by 83.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 342,135 shares of the basic materials company’s stock after acquiring an additional 155,902 shares during the period. GSA Capital Partners LLP’s holdings in Rayonier Advanced Materials were worth $2,015,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Hudson Bay Capital Management LP bought a new position in shares of Rayonier Advanced Materials in the 3rd quarter worth $1,267,000. American Century Companies Inc. raised its position in shares of Rayonier Advanced Materials by 6.1% in the 3rd quarter. American Century Companies Inc. now owns 2,721,075 shares of the basic materials company’s stock worth $19,646,000 after acquiring an additional 155,268 shares in the last quarter. Next Capital Management LLC bought a new position in shares of Rayonier Advanced Materials in the 3rd quarter worth $478,000. Fox Run Management L.L.C. bought a new position in shares of Rayonier Advanced Materials in the 3rd quarter worth $491,000. Finally, Covestor Ltd raised its position in shares of Rayonier Advanced Materials by 46.7% in the 3rd quarter. Covestor Ltd now owns 11,421 shares of the basic materials company’s stock worth $82,000 after acquiring an additional 3,636 shares in the last quarter. 68.64% of the stock is owned by institutional investors.

Rayonier Advanced Materials Trading Down 1.2%

Shares of NYSE:RYAM opened at $8.89 on Wednesday. The business’s 50-day moving average is $10.08 and its 200 day moving average is $8.20. Rayonier Advanced Materials Inc. has a 1 year low of $3.35 and a 1 year high of $11.85. The firm has a market capitalization of $599.20 million, a P/E ratio of -1.26 and a beta of 1.79. The company has a debt-to-equity ratio of 3.21, a current ratio of 1.37 and a quick ratio of 0.79.

Rayonier Advanced Materials (NYSE:RYAM) last announced its quarterly earnings data on Tuesday, May 5th. The basic materials company reported ($1.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.60). The firm had revenue of $319.07 million during the quarter, compared to analyst estimates of $302.63 million. Rayonier Advanced Materials had a negative net margin of 32.86% and a negative return on equity of 43.24%. On average, research analysts predict that Rayonier Advanced Materials Inc. will post -0.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Rayonier Advanced Materials in a research report on Tuesday, April 21st. Wall Street Zen raised Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Royal Bank Of Canada boosted their price target on Rayonier Advanced Materials from $9.00 to $14.00 and gave the stock an “outperform” rating in a research report on Thursday, March 5th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $14.00.

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.