Rayonier Advanced Materials Inc. $RYAM Shares Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. raised its holdings in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) by 276.8% during the third quarter, Holdings Channel reports. The fund owned 1,416,981 shares of the basic materials company’s stock after buying an additional 1,040,912 shares during the period. Jefferies Financial Group Inc.’s holdings in Rayonier Advanced Materials were worth $11,293,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Rayonier Advanced Materials during the second quarter worth approximately $37,437,000. Aip LLC bought a new stake in shares of Rayonier Advanced Materials in the 2nd quarter worth approximately $26,724,000. Nantahala Capital Management LLC purchased a new stake in shares of Rayonier Advanced Materials in the 2nd quarter valued at $13,344,126. Irenic Capital Management LP purchased a new stake in shares of Rayonier Advanced Materials in the 1st quarter valued at $15,013,000. Finally, Empowered Funds LLC purchased a new stake in shares of Rayonier Advanced Materials in the 2nd quarter valued at $3,138,000. 68.64% of the stock is owned by hedge funds and other institutional investors.

Rayonier Advanced Materials Stock Down 1.0%

RYAM opened at $5.55 on Thursday. The stock’s 50 day simple moving average is $7.43 and its 200 day simple moving average is $8.58. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.83 and a current ratio of 1.28. Rayonier Advanced Materials Inc. has a 1 year low of $5.22 and a 1 year high of $11.85.

Rayonier Advanced Materials (NYSE:RYAM) last announced its quarterly earnings results on Tuesday, November 3rd. The basic materials company reported ($0.13) EPS for the quarter. Rayonier Advanced Materials had a negative return on equity of 72.84% and a negative net margin of 24.45%. The company had revenue of $382.79 million during the quarter, compared to analysts’ expectations of $389.37 million. As a group, sell-side analysts anticipate that Rayonier Advanced Materials Inc. will post -5.00 EPS for the current fiscal year.

Analyst Ratings Changes

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

About Rayonier Advanced Materials

Rayonier Advanced Materials Inc. is a global forest products company that develops and manufactures cellulose-based materials. Its products include high-purity cellulose, specialty pulps, fluff pulp and paperboard, serving customers in industries such as food, pharmaceuticals, personal care and packaging. The company’s high-purity cellulose is used in applications including filtration, textiles and other specialty products. Rayonier Advanced Materials also produces commodity pulp and liquid packaging board for a range of consumer and industrial uses.