JB Capital Partners LP Makes New Investment in Rayonier Advanced Materials Inc. $RYAM

JB Capital Partners LP bought a new stake in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 100,000 shares of the basic materials company’s stock, valued at approximately $786,000,000. JB Capital Partners LP owned approximately 0.15% of Rayonier Advanced Materials at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BOK Financial Private Wealth Inc. acquired a new stake in shares of Rayonier Advanced Materials in the second quarter worth $37,000. Osaic Holdings Inc. lifted its position in 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 worth $31,000 after acquiring an additional 7,031 shares during the last quarter. Graham Capital Management L.P. acquired a new position in Rayonier Advanced Materials during the 4th quarter worth $76,000. Dynamic Technology Lab Private Ltd bought a new stake in Rayonier Advanced Materials during the fourth quarter valued at about $86,000. Finally, Ancora Advisors LLC acquired a new stake in shares of Rayonier Advanced Materials in the third quarter valued at about $138,000. Institutional investors and hedge funds own 68.64% of the company’s stock.

Rayonier Advanced Materials Trading Up 1.0%

Shares of RYAM opened at $8.67 on Friday. The stock’s 50-day moving average price is $8.29 and its 200 day moving average price is $9.01. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 3.83. The firm has a market capitalization of $586.44 million, a price-to-earnings ratio of -4.13 and a beta of 1.77. Rayonier Advanced Materials Inc. has a 12-month low of $5.10 and a 12-month high of $11.85.

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on RYAM shares. Royal Bank Of Canada cut their price objective on Rayonier Advanced Materials from $14.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday, July 17th. Wall Street Zen raised Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a research report on Monday, July 20th. Zacks Research upgraded shares of Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Rayonier Advanced Materials in a research note on Friday, July 17th. One 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, the stock has an average rating of “Hold” and a consensus price target of $13.00.

Rayonier Advanced Materials Profile

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.