100,000 Shares in Rayonier Advanced Materials Inc. $RYAM Purchased by JB Capital Partners LP

JB Capital Partners LP acquired a new stake in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) during the second quarter, Holdings Channel reports. The firm acquired 100,000 shares of the basic materials company’s stock, valued at approximately $786,000,000.

Several other large investors also recently modified their holdings of RYAM. BlackRock Inc. acquired a new position in shares of Rayonier Advanced Materials in the 2nd quarter worth approximately $37,437,000. Aip LLC bought a new stake in Rayonier Advanced Materials in the second quarter valued at $26,724,000,000. Irenic Capital Management LP bought a new stake in Rayonier Advanced Materials in the first quarter valued at $15,013,000. Nantahala Capital Management LLC grew its position in Rayonier Advanced Materials by 252.6% in the fourth quarter. Nantahala Capital Management LLC now owns 1,800,000 shares of the basic materials company’s stock valued at $10,602,000 after acquiring an additional 1,289,490 shares during the period. Finally, Millennium Management LLC raised its stake in Rayonier Advanced Materials by 177.3% during the third quarter. Millennium Management LLC now owns 1,359,752 shares of the basic materials company’s stock worth $9,817,000 after acquiring 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

Rayonier Advanced Materials stock opened at $8.67 on Friday. The stock has a 50-day simple moving average of $8.29 and a 200 day simple moving average of $9.01. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 3.83. Rayonier Advanced Materials Inc. has a 12-month low of $5.10 and a 12-month high of $11.85. The stock has a market capitalization of $586.44 million, a price-to-earnings ratio of -4.13 and a beta of 1.77.

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

Analyst Ratings Changes

A number of brokerages have issued reports on RYAM. Royal Bank Of Canada cut their price objective 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. 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. Weiss Ratings reissued a “sell (d-)” rating on shares of Rayonier Advanced Materials in a report on Friday, July 17th. Finally, Wall Street Zen upgraded shares of Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a research report on Monday, July 20th. One equities research 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’s stock. According to MarketBeat, Rayonier Advanced Materials presently has a consensus rating of “Hold” and a consensus target price of $13.00.

Rayonier Advanced Materials Company Profile

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.