Quantbot Technologies LP Invests $483,000 in Rayonier Advanced Materials Inc. $RYAM

Quantbot Technologies LP purchased a new stake in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 61,403 shares of the basic materials company’s stock, valued at approximately $483,000. Quantbot Technologies LP owned 0.09% of Rayonier Advanced Materials at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Rayonier Advanced Materials in the second quarter worth about $37,437,000. Aip LLC bought a new position in Rayonier Advanced Materials during the 2nd quarter worth about $26,724,000. Irenic Capital Management LP purchased a new position in Rayonier Advanced Materials during the 1st quarter valued at about $15,013,000. Nantahala Capital Management LLC increased its position in Rayonier Advanced Materials by 252.6% during the 4th quarter. Nantahala Capital Management LLC now owns 1,800,000 shares of the basic materials company’s stock valued at $10,602,000 after purchasing an additional 1,289,490 shares during the period. Finally, Millennium Management LLC raised its holdings in shares of Rayonier Advanced Materials by 177.3% in the 3rd quarter. Millennium Management LLC now owns 1,359,752 shares of the basic materials company’s stock valued at $9,817,000 after purchasing an additional 869,486 shares in the last quarter. 68.64% of the stock is currently owned by institutional investors.

Rayonier Advanced Materials Stock Performance

RYAM stock opened at $8.64 on Friday. The firm has a market cap of $584.41 million, a price-to-earnings ratio of -4.11 and a beta of 1.77. The firm has a 50-day simple moving average of $8.24 and a two-hundred day simple moving average of $9.02. Rayonier Advanced Materials Inc. has a one year low of $5.38 and a one year high of $11.85. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.85 and a current ratio of 1.37.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on RYAM shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rayonier Advanced Materials in a research report on Friday, July 17th. 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 objective on shares of Rayonier Advanced Materials from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Friday, July 17th. Finally, Wall Street Zen upgraded Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a report 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 company presently has a consensus rating of “Hold” and a consensus 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.