Quantbot Technologies LP Makes New $483,000 Investment in Rayonier Advanced Materials Inc. $RYAM

Quantbot Technologies LP purchased a new position in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) during the second quarter, Holdings Channel.com reports. The fund purchased 61,403 shares of the basic materials company’s stock, valued at approximately $483,000.

Other hedge funds have also recently modified their holdings of the company. JB Capital Partners LP purchased a new position in shares of Rayonier Advanced Materials in the 2nd quarter valued at approximately $786,000. Aip LLC purchased a new stake in Rayonier Advanced Materials during the 2nd quarter worth approximately $26,724,000. BOK Financial Private Wealth Inc. acquired a new position in Rayonier Advanced Materials during the 2nd quarter valued at approximately $37,000. BlackRock Inc. acquired a new position in Rayonier Advanced Materials during the 2nd quarter valued at approximately $37,437,000. Finally, Deutsche Bank AG purchased a new position in shares of Rayonier Advanced Materials in the second quarter worth $1,285,000. Institutional investors and hedge funds own 68.64% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Royal Bank Of Canada dropped their price target on Rayonier Advanced Materials from $14.00 to $13.00 and set an “outperform” rating on the stock in a research note on Friday, July 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rayonier Advanced Materials in a report on Friday, July 17th. Zacks Research raised Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 5th. Finally, Wall Street Zen upgraded Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a research note on Monday, July 20th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.00.

Rayonier Advanced Materials Price Performance

Shares of NYSE RYAM opened at $8.64 on Friday. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.37 and a quick ratio of 0.85. The stock has a market capitalization of $584.41 million, a price-to-earnings ratio of -4.11 and a beta of 1.77. The firm’s 50 day simple moving average is $8.24 and its 200-day simple moving average is $9.02. Rayonier Advanced Materials Inc. has a 12 month low of $5.38 and a 12 month high of $11.85.

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

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.