EntryPoint Capital LLC Makes New Investment in Rayonier Advanced Materials Inc. (NYSE:RYAM)

EntryPoint Capital LLC bought a new position in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 21,009 shares of the basic materials company’s stock, valued at approximately $100,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bleakley Financial Group LLC bought a new stake in shares of Rayonier Advanced Materials in the fourth quarter valued at about $47,000. Simplicity Solutions LLC acquired a new stake in shares of Rayonier Advanced Materials in the fourth quarter valued at about $47,000. Simplicity Wealth LLC acquired a new stake in shares of Rayonier Advanced Materials in the first quarter valued at about $59,000. Stratos Wealth Partners LTD. acquired a new stake in shares of Rayonier Advanced Materials in the fourth quarter valued at about $54,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Rayonier Advanced Materials by 64.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 14,396 shares of the basic materials company’s stock valued at $58,000 after acquiring an additional 5,633 shares during the last quarter. 68.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd.

Rayonier Advanced Materials Stock Performance

Shares of NYSE RYAM opened at $6.36 on Friday. The business’s 50 day moving average price is $5.60 and its two-hundred day moving average price is $4.75. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.64 and a quick ratio of 0.95. Rayonier Advanced Materials Inc. has a twelve month low of $2.66 and a twelve month high of $6.37.

Rayonier Advanced Materials (NYSE:RYAM) last announced its quarterly earnings results on Tuesday, May 7th. The basic materials company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The business had revenue of $388.00 million for the quarter, compared to analyst estimates of $483.00 million. Rayonier Advanced Materials had a negative return on equity of 7.77% and a negative net margin of 6.71%. Analysts predict that Rayonier Advanced Materials Inc. will post -0.34 EPS for the current year.

Rayonier Advanced Materials 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.