Rayonier Advanced Materials Inc. (NYSE:RYAM) Director Eric Bowen Acquires 12,500 Shares

Rayonier Advanced Materials Inc. (NYSE:RYAM) Director Eric Bowen acquired 12,500 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost 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. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Rayonier Advanced Materials Price Performance

RYAM opened at $7.66 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.73 and a debt-to-equity ratio of 1.02. The company’s 50-day moving average price is $8.52 and its 200 day moving average price is $7.38. Rayonier Advanced Materials Inc. has a fifty-two week low of $3.15 and a fifty-two week high of $10.28. The firm has a market cap of $504.59 million, a price-to-earnings ratio of -5.98 and a beta of 3.01.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on RYAM shares. StockNews.com downgraded Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Royal Bank of Canada lifted their price objective 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.

Institutional Investors Weigh In On Rayonier Advanced Materials

Several large investors have recently added to or reduced their stakes in the stock. Quarry LP acquired a new position in shares of Rayonier Advanced Materials during the second quarter valued at $29,000. Mercer Global Advisors Inc. ADV bought a new stake in Rayonier Advanced Materials in the 2nd quarter valued at about $61,000. nVerses Capital LLC boosted its stake in Rayonier Advanced Materials by 121.9% during the 3rd quarter. nVerses Capital LLC now owns 7,100 shares of the basic materials company’s stock valued at $61,000 after purchasing an additional 3,900 shares during the period. Truist Financial Corp bought a new position in Rayonier Advanced Materials in the 2nd quarter worth about $66,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Rayonier Advanced Materials in the third quarter valued at approximately $139,000. 68.64% of the stock is owned by institutional investors and hedge funds.

Rayonier Advanced Materials Company Profile

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.