Rayonier Advanced Materials Sees Unusually Large Options Volume (NYSE:RYAM)

Rayonier Advanced Materials Inc. (NYSE:RYAM) was the target of some unusual options trading on Tuesday. Stock traders acquired 21,908 call options on the stock. This is an increase of 1,414% compared to the average volume of 1,447 call options.

Institutional Trading of Rayonier Advanced Materials

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Rayonier Advanced Materials during the second quarter worth $37,437,000. Aip LLC bought a new stake in shares of Rayonier Advanced Materials in the second quarter worth $26,724,000. Nantahala Capital Management LLC acquired a new stake in Rayonier Advanced Materials in the second quarter valued at $13,344,126. Irenic Capital Management LP acquired a new stake in Rayonier Advanced Materials in the first quarter valued at $15,013,000. Finally, Empowered Funds LLC acquired a new stake in Rayonier Advanced Materials in the second quarter valued at $3,138,000. 68.64% of the stock is currently owned by institutional investors.

Rayonier Advanced Materials Stock Up 3.7%

Shares of RYAM opened at $6.91 on Wednesday. Rayonier Advanced Materials has a 52 week low of $5.38 and a 52 week high of $11.85. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 3.83. The stock has a fifty day moving average of $7.72 and a 200-day moving average of $8.65.

Rayonier Advanced Materials (NYSE:RYAM) last released its quarterly earnings data on Tuesday, November 3rd. The basic materials company reported ($0.13) earnings per share for the quarter. The firm had revenue of $383.00 million for the quarter, compared to analyst estimates of $389.37 million. Rayonier Advanced Materials had a negative net margin of 9.53% and a negative return on equity of 46.19%. As a group, research analysts forecast that Rayonier Advanced Materials will post -1.28 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on RYAM. Wall Street Zen raised Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a research note on Monday, July 20th. Zacks Research raised shares of Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 5th. Royal Bank Of Canada reduced their price target on shares of 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. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rayonier Advanced Materials in a report on Thursday, October 15th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Rayonier Advanced Materials presently has a consensus rating of “Hold” and an average target price of $13.00.

Rayonier Advanced Materials Company Profile

Rayonier Advanced Materials Inc (NYSE: RYAM) is a specialty materials company that manufactures cellulose-based products for industrial and consumer applications. Its portfolio includes high-purity cellulose, cellulose specialties, and other engineered materials used in products such as acetate tow for cigarette filters, pharmaceutical and food-grade excipients, coatings, films, plastics, and other specialty applications.

The company also produces performance fibers and related cellulose products for markets including textiles, nonwovens, and industrial materials.