Eric Bowen Buys 12,500 Shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) Stock

Rayonier Advanced Materials Inc. (NYSE:RYAM) Director Eric Bowen bought 12,500 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were purchased at an average price of $8.04 per share, with a total value of $100,500.00. Following the completion of the acquisition, the director now owns 12,500 shares of the company’s stock, valued at $100,500. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Rayonier Advanced Materials Trading Up 1.9 %

RYAM stock traded up $0.15 during trading on Monday, reaching $7.98. The company had a trading volume of 227,712 shares, compared to its average volume of 524,985. Rayonier Advanced Materials Inc. has a 52 week low of $3.15 and a 52 week high of $10.28. The company has a market cap of $526.01 million, a P/E ratio of -6.08 and a beta of 3.01. The business has a 50 day moving average of $8.56 and a 200 day moving average of $7.34. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.73 and a quick ratio of 1.09.

Rayonier Advanced Materials (NYSE:RYAM) last released its quarterly earnings results on Tuesday, November 5th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.06. Rayonier Advanced Materials had a negative net margin of 5.21% and a negative return on equity of 1.61%. The company had revenue of $401.00 million during the quarter, compared to the consensus estimate of $412.20 million. During the same period in the prior year, the firm earned ($0.41) earnings per share. As a group, sell-side analysts forecast that Rayonier Advanced Materials Inc. will post -0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Rayonier Advanced Materials

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. increased its stake in shares of Rayonier Advanced Materials by 71.6% during the third quarter. Franklin Resources Inc. now owns 118,174 shares of the basic materials company’s stock valued at $962,000 after purchasing an additional 49,309 shares in the last quarter. Barclays PLC increased its stake in shares of Rayonier Advanced Materials by 273.6% during the third quarter. Barclays PLC now owns 83,893 shares of the basic materials company’s stock valued at $718,000 after purchasing an additional 61,437 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Rayonier Advanced Materials by 1.8% during the third quarter. Geode Capital Management LLC now owns 1,492,578 shares of the basic materials company’s stock valued at $12,779,000 after purchasing an additional 26,032 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Rayonier Advanced Materials by 1.8% during the third quarter. Public Employees Retirement System of Ohio now owns 63,054 shares of the basic materials company’s stock valued at $540,000 after purchasing an additional 1,139 shares in the last quarter. Finally, XTX Topco Ltd increased its stake in shares of Rayonier Advanced Materials by 263.0% during the third quarter. XTX Topco Ltd now owns 101,921 shares of the basic materials company’s stock valued at $872,000 after purchasing an additional 73,846 shares in the last quarter. Institutional investors own 68.64% of the company’s stock.

Analysts Set New Price Targets

RYAM has been the subject of a number of analyst reports. Royal Bank of Canada increased their target price on shares of Rayonier Advanced Materials from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. StockNews.com downgraded shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th.

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.