Rayonier Advanced Materials (NYSE:RYAM) Director Lisa Palumbo Sells 1,931 Shares of Stock

Rayonier Advanced Materials Inc. (NYSE:RYAM) Director Lisa Palumbo sold 1,931 shares of Rayonier Advanced Materials stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $9.13, for a total value of $17,630.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Rayonier Advanced Materials Price Performance

Shares of Rayonier Advanced Materials stock opened at $8.71 on Wednesday. The stock has a market capitalization of $589.21 million, a P/E ratio of -4.15 and a beta of 1.77. The business has a 50 day simple moving average of $8.26 and a two-hundred day simple moving average of $9.00. Rayonier Advanced Materials Inc. has a 12 month low of $4.39 and a 12 month high of $11.85. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.37 and a quick ratio of 0.85.

Rayonier Advanced Materials (NYSE:RYAM) last issued its quarterly earnings results on Tuesday, August 4th. The basic materials company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.08). The firm had revenue of $376.14 million for the quarter, compared to analysts’ expectations 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, analysts predict that Rayonier Advanced Materials Inc. will post -1.28 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. BOK Financial Private Wealth Inc. purchased a new stake in Rayonier Advanced Materials in the second quarter valued at $37,000. Osaic Holdings Inc. increased its position in shares of 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 purchasing an additional 7,031 shares during the last quarter. Graham Capital Management L.P. purchased a new stake in Rayonier Advanced Materials in the 4th quarter valued at about $76,000. Dynamic Technology Lab Private Ltd acquired a new position in Rayonier Advanced Materials in the fourth quarter valued at about $86,000. Finally, Ancora Advisors LLC purchased a new position in Rayonier Advanced Materials during the third quarter worth about $138,000. 68.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

About Rayonier Advanced Materials

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.