Rayonier Advanced Materials Sees Unusually Large Options Volume (NYSE:RYAM)

Rayonier Advanced Materials Inc. (NYSE:RYAM) saw unusually large options trading on Tuesday. Stock investors bought 21,908 call options on the stock. This is an increase of approximately 1,414% compared to the average daily volume of 1,447 call options.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Zacks Research upgraded shares of Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a research report 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. Royal Bank Of Canada cut their price target on shares of Rayonier Advanced Materials from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Friday, July 17th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Rayonier Advanced Materials in a report on Thursday, October 15th. One equities research 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. According to MarketBeat.com, Rayonier Advanced Materials presently has an average rating of “Hold” and a consensus price target of $13.00.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Aip LLC bought a new stake in shares of Rayonier Advanced Materials in the 2nd quarter worth approximately $26,724,000. BlackRock Inc. purchased a new position in Rayonier Advanced Materials during the second quarter valued at $37,437,000. Irenic Capital Management LP bought a new stake in Rayonier Advanced Materials in the first quarter worth $15,013,000. Governors Lane LP bought a new stake in Rayonier Advanced Materials in the second quarter worth $2,411,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Rayonier Advanced Materials in the second quarter worth $1,542,000. 68.64% of the stock is owned by hedge funds and other institutional investors.

Rayonier Advanced Materials Trading Up 1.5%

Shares of RYAM traded up $0.10 during trading hours on Tuesday, reaching $6.77. 430,698 shares of the company traded hands, compared to its average volume of 1,021,812. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 3.83. Rayonier Advanced Materials has a 12 month low of $5.38 and a 12 month high of $11.85. The company’s fifty day moving average price is $7.75 and its two-hundred day moving average price is $8.66. The company has a market capitalization of $457.86 million, a price-to-earnings ratio of -3.22 and a beta of 1.84.

Rayonier Advanced Materials (NYSE:RYAM) last posted its earnings results on Tuesday, August 4th. The basic materials company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.08). Rayonier Advanced Materials had a negative return on equity of 46.19% and a negative net margin of 9.53%. The firm had revenue of $376.14 million for the quarter, compared to analysts’ expectations of $362.00 million. Equities research analysts predict that Rayonier Advanced Materials will post -1.28 earnings per share for the current fiscal year.

Rayonier Advanced Materials Company Profile

Rayonier Advanced Materials Inc (NYSE: RYAM) is a specialty materials company that manufactures cellulose-based products for industrial and consumer applications. Its portfolio includes high-purity cellulose, cellulose specialties, and other engineered materials used in products such as acetate tow for cigarette filters, pharmaceutical and food-grade excipients, coatings, films, plastics, and other specialty applications.

The company also produces performance fibers and related cellulose products for markets including textiles, nonwovens, and industrial materials.